“an Analysis of Marks and Spencer’s Current Strategic Position, and How Marks and Spencer’s Will Develop These Strategies in the Future.”

3095 WordsNov 5, 201113 Pages
| “An analysis of Marks and Spencer’s current strategic position, and how Marks and Spencer’s will develop these strategies in the future.” | | | Assessment 2 “An analysis of Marks and Spencer’s current strategic position, and how Marks and Spencer’s will develop these strategies in the future.” Company Background Marks and Spencer (M&S) is one of the UK’s leading retailers, with over 21 million people visiting its stores each week. M&S offers stylish, high quality, great value clothing and home products, as well as outstanding quality foods, responsibly sourced from around 2,000 suppliers globally. M&S employs over 75,000 people in the UK and abroad having 600 UK stores, plus an expanding international business.…show more content…
Through Plan A sustainable methods of trading are sought, bringing ethical value to customers in terms of savings, made through compliance with the 5 plan pillars. Plan A – Summary: * Involving customers * Making plan A how we M&S do business * Extending social and environmental commitments across 5 plan pillars: 1. Climate change 2. Waste 3. Natural resources 4. Fair partnership 5. Health and wellbeing Marks and Spencer’s accelerate the transition of Plan A from a ‘plan’ to ‘how they do business’. Through engagement of M&S staff and giving them the skills and tools required to make a difference, by integrating Plan A into all of M&S processes and systems and by investing in sustainable innovation. (CorporateM&S, 2010) Strong foundations in line with long term plan Marks and Spencer’s have spent the last five years putting in place strong foundations in line with their long term plan. This being done through: * Introduction of new products and services in core business of general merchandise (GM) * Broadening of multi – channel offer * Expansion of international presence * Improvement of property portfolio * Putting Plan A at the heart of the business Marks and Spencer’s have managed costs and continued investment in their systems and supply chain to improve efficiency across the business. Also responding to the
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