Sustainable Strategy- a Business Report on Marks & Spencers Plc.

For this task I have been asked to discuss the stakeholder’s aims and objectives of my two businesses. It is important for stakeholders to have an influence as they can offer ideas and anything the company is doing is in their interest.

Marks & Spencer is a large company listed on various stock markets, which a widely spread operations in many countries. The size of operations of the company and high reputation in the

I chose Marks and Spencer for this assignment as I am aware there must be logic reasons behind the decision making process to close down stores nationwide and in my local town (Barrow in Furness). I presume this will be something to do with the business strategy which will raise concerns with growth and profit within the company resulting in store closures, but I will be investigating this more in this assignment. The whole of the report revolves around the strategic planning of the well renowned company marks and spencer, and it will explore the business strategy, its existing business plan, major factors affecting it and the strategic option is also given in this report through which it

Marks and spencer is a very well established brand in the UK.For any organization the first step in creating a career progression is always to determine where you want to go and what skills, competencies and experience those jobs require. If we look at the literature above, than Marks & Spencer bring forth a new business strategy in which its main focus was on three key features:

This report will demonstrate, apply and evaluate knowledge and understanding of key managerial disciplines of the chosen high street retailer, Marks and Spencer, in different real-world global contexts. According to the report by Deloitte, the retail industry is undergoing immense changes and faces a tough competitive

A. Product Description Marks and Spencer Plc (M&S) is a company established in 1884 and has over than 1000 stores worldwide. The type of products that M&S sell are goods,

Part A of this report examines the resources and capabilities of Marks & Spencer (M&S) up to the mid 1990's and how they lead to creating a superior competitive advantage (CA) over all competitors.

I am required to evaluate the impact of changes in the economic environment on marks and spencer’s in relation to government decisions, policies, spending and economic management

A SWOTT analysis of MCS was performed concluding that external forces such as the economy, the competition, and the government rules and regulations have very important effect on MCS strategic planning. The analysis also concludes that MCS strengths and weaknesses must also be taken into consideration when implementing a strategic plan. Strengths such as a good information system, the ability to create processes and make quick improvement to existent processes allow MCS to stay ahead of the competition and be successful. On the other hand, MCS weakness such as insufficient training to employees can become a serious issue and can jeopardize the company relationships with its customers. Analyzing the different factors that affect MCS internal and external environment is essential to create and establish successful strategies.

Stakeholders include people who could influence decisions about the project or the organisation’s strategic direction.

The word ‘stakeholder’ has assumed a designated niche or a prominent place in nonprofit and public management practices and theories in the last 30 years, and especially in the last decade. The term in regard is been classified within a general category of groups or organisations that must at all time been taking into account by managers, leaders and also the front-line staff. They have been lots of research and articles on the subject and all of these have also contributed to the rise and the purpose of using the term in the knowledge and understanding about what it might mean in practice. Ironically, since the term has passed the ‘tipping point’ into common use (Gladwell 2005), has its own notion that in every organisation

Every stakeholder have their own process and roles, it can affects or can be affects by organization’s action. All stakeholders have own satisfied and unsatisfied (appendix 2).

This chapter main focus is to assess the techniques to evaluate company’s internal situation with an emphasis on its resources capabilities, relative cost position and its competitive strength in the market. There are typically five questions any company need to evaluate their internal situation and in doing so, should use four valuable analytical tools like SWOT (Strengths, Weaknesses, Opportunities and Threats), Value Chain Analysis, Benchmarking and Competitive Strength Assessment that would reveal company’s competitiveness for helping managers match the strategy to the resources, capabilities and circumstances.

Marks & Spencer was once a top-of-the-line company in terms of its quality and selection. However, it is reported that the company has become" an out-of-date, uncompetitive blur on the UK stock market. The decline for Marks & Spencer began in the latter part of the 1990s and due to the pressure of a "changing economic demand causing Marks & Spencer to undergo continual business realignment"¦" (IBM, Ltd. 2005, p.1)

There is no need to introduce its background anymore; I think everyone knows the super supermarket leader’s name which is called Walmart. Here is the point that in this case why the CEO of Walmart Scott announced to do the business sustainability strategy in 2005. The sustainability will be the most focused in the 21century when the environment get worse every day. This strategy seems that Walmart will increase its cost and make a great contribution to the world. There is no doubt that the sustainability is quite good for the world environment we live. On the other side, as the Scott said “being a good steward of the environment and