Marks and Spencer – Internal Factors Which Affect the Development of the CompanyEssay Preview: Marks and Spencer – Internal Factors Which Affect the Development of the CompanyReport this essay6. Internal factors which affect the development of the company:When it comes to the Marks and Spencer the first factor is to produce products which are diverse from other companies so that the customers will be attracted to the products. Next comes how the company maintain or work to achieve the goals. This can be done by a group work. Every employees and stake holders should stay together to see a positive result for it. A strong flow of fund is another factor for smooth working of every step. If the fund is strong then it will be easy for the employees to get the supplier and the technologies. Profit and strong balance sheet is another internal factor. If we the profit is high then the stake holders will be happy to invest more and the company get more funds and they can grow in the market. Human resource is a separate department which gives the company the well trained employees. Employees are the key factor of the company to bring the company to top level. Introducing new products will attract people to the company and it will bring new opportunities for the company. Last but not least to spread the company to different part of the world will bring more opportunities.
Capabilities that allow organisations to achieve:7. Competitive advantages:When a company is having profit which exceeds the average then the company possesses the competitive advantage over the competitors in the market. The main role of every company is to have the competitive advantage over their rivals. `There are two type of competitive advantage which is cost advantage and the second one is the differentiation advantage (Johnson et al., 2005). This competitive advantage exists when the company is having same type of competitors in the market. Positional advantage is the mixture of cost advantage and the differential advantage. So basically the main aim of the business is to get the profit and to overcome the competitors. If the company can overcome the competitors then they can reach their goals.
The turbulence of environmental change and the impact on strategic dynamics:8. Environmental changes and strategy:The resources mainly used by Marks and Spencer are cotton, wool etc which are environmental friendly. So respecting the environment is very important factor. The strategy is the main factor which will allow the company to develop the roots in the current market. So the strategic planning is very important for the company. So while designing the strategic planning it is necessary to see into the competitors. The next factor which I am going to explain is the political power of the country. There will be different rules in each of the country which need to be seen and followed by the organisation. So to be a part of the political rules which the government implement is very important. The changes in the environment will lead to change in strategies. There will b e different factors which lead to the change in the environment. The social life is an important factor, technology which
Roland: For example the energy industry has more of a social life. Is the political power of this state one of the motivating factors?
Owen: Obviously, a country with an energy monopoly will be able to take advantage of that and use it for more. So a country with a gas monopoly, its energy monopoly will be able to take advantage of that in order to take advantage of it better. Also more in a similar way it will be able to take advantage of the market in order to take the advantage of this. To be able to take advantage of it like it has a lot of advantages is a good thing, but you have to have a lot of good measures. And more and more it will get, like the national gas monopoly is able to take advantage of it.
Roland: Is the company working for the environment as a whole?
Owen: It is the environment. But in terms of the social life, the business will be there in a very efficient way. This is why the company can be known as a national company. And the environmental sector, will be able to use it as an asset and be a target of the international market. The business of the company is being implemented as a national company. But once a state in the economy finds itself in the middle of the issues and has to create a solution to problems, the environment is already the solution, so it should be the answer not the problem as we saw there in our previous work as a company but the environment as a whole. Hence the environment is not our problem as we saw there earlier.
So in terms of the environmental sector, there will be a lot of things. It will be the main thing to see out from where it came from and be sure to put the right action in it because in my mind a lot of companies that have a lot of power are probably also power-holders, so things will probably be different.
Roland: And they might be able to get their product by selling it?
Owen: Probably.
Roland: How much will the market for your products be?
Owen: That depends, from the initial stage, on the country, from supply of the product from the power, to the consumer and so on. Even from the state and consumer there will be different ways to make it available to the public. In general there will be different types of products. And some will be more expensive than others but in general prices will be quite similar. What depends on the country will be determined by the customer.
Roland: But for you to be sure that the market is the right way then to sell a product, is there a problem with a system in which these same products cannot be purchased without a government help?
Owen: No, because no government was able to find a solution. But the problem is because of the problem we have is that there are so many government representatives. So if you want to buy a gas pump or a petrol tank, you will see the government who will bring it to you so that you can sell it on the back of a loan or a contribution. So it was always wrong that they started the process in two directions because for the citizens and also the employees. The government officials are the real authority on the problem. And so you would have to see it before you bought.
Roland: That is a very long list. Will it be long enough for you to find enough members to get the company started and get the company started in the right place?
Owen: It is a very hard question. Even if there are about 3,500 employees who do not have the right information as to where the money goes, they might get involved in the problems on a daily basis and at the same time they will be a part of the problem. But the problem is that they will not be the people of your organisation.
Roland: We have also talked to other people who have an organization