A firms relationship with its business environment - Marks and Spencer

DESCRIBING A FIRMS RELATIONSHIP WITH ITS ENVIRONMENT



INTRODUCTION AND BACKGROUND

By choosing a firm or organisation it is possible to assess the relationship with its business environment.
The firm that is going to be the focus in this study is the well-known organisation Marks and Spencer.
Marks and Spencer is known for being one of the UK’s leading retailers in clothing, foods, home ware, and financial services. They have over 300 stores in the UK and have 38 other stores in countries worldwide.

STAKEHOLDERS OF MARKS AND SPENCER

A Stakeholder is any individual or group who have a connection with the company. Stakeholders don’t all have equal importance to a firm but they all play a part in the existence of the company. Stakeholders can be split into 2 categories; internal stakeholders or external stakeholders.

Internal Stakeholders of Marks and Spencer

Internal stakeholders are groups within the firm and are important to the welfare of the company. The I...