StudentShare solutions
Triangle menu

Finance coventry - Essay Example

Nobody downloaded yet

Extract of sample
Finance coventry

The balance scorecard and the strategy map formulated can serve as an effective tool for the company to predict its effective future plan. This study contains suitable recommendations based on the key parameters used for the purpose of analysis which can serve as benchmark for the company to improve its financial and non-financial performances. Table of Contents Table of Contents 3 1. Introduction 4 2. Vision and Strategy 4 3. Balanced Scorecard for Marks and Spencer PLC 5 3.1. Financial perspective 6 3.2. Customer perspective 6 3.3. Internal business perspective 7 3.4. Learning and innovation perspective 8 4. Strategy Map 8 5. Recommendations 9 6. Critical Discussion and Evaluation 10 Reference List 10 Appendices 12 1. Introduction Marks and Spencer (M&S) Group PLC is an international retailer headquartered in London, England, United Kingdom. It is listed as a holding company of the Marks and Spencer Group of companies. Its varied line of products includes clothing (both Men’s wear and Women’s wear), home ware as well as food. Its clothing division alone includes 731 shops across the United Kingdom. Its presence is not only limited to the domestic circuit. The company enjoys an unprecedented level of presence around the globe having 387 stores in 43 territories across Europe, the Middle East and Asia (Reuters, 2013). This report will primarily involve the analysis of the food retail section of Marks and Spencer thereby identifying its vision and strategy. Henceforth, a balanced scorecard and a strategy map will be designed in order to align business activities of the company to its identified vision and strategy as well as to explain each parameter used for the analysis and their significance towards the company’s goals and targets. 2. Vision and Strategy Marks and Spencer’s vision is to set a benchmark on the basis of which everything else is evaluated. In order to stay true to the vision, they have laid down subsequent strategies which when followed will help the company to grow from strength to strength. Their primary aim is to become truly international, multichannel retailer whereby they can make their long range of products and services easily accessible to people all around the globe. Apart from providing quality products, they also aim to deliver exceptional value as well as high quality services to their customers. Their penchant to stay at the forefront of innovations in both general merchandising and food section is a significant factor giving them the recognition of a truly world class company. As far as Marks and Spencer’s strategies to improve its food retail section are concerned, they have been moderately successful in 2011 as well as in 2012 with their sales increasing by 4.1% in 2011 from what it was in 2010 (Marks and Spencer, 2011). This growth in sales owed to the fact that customers expected the company to come up with innovative products and this expectation in return resulted in an appreciation in the number of customers of M&S. Their strategy is to grow their food business by focusing primarily on their core strengths which are convenience, freshness and speciality. Convenience of shopping is another area that the company is currently working on for improving the way customers find and choose things in the store. This aim led them to come up with the clearer signage scheme. M&S also want their stores to be easily accessible ...Show more


Marks and Spencer Executive Summary This report involves the study of the food retail division of Marks and Spencer; a company headquartered in London, England, United Kingdom. The company specialises in clothing, home ware and food retail division. However, this study focuses only on the food retail division…
Author : solon94
Finance coventry essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Finance coventry"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Finance Name Institution Table of Content Introduction 3 Main Body 4 Conclusion…8 References…9 Appendix…10 Introduction The performance of a company is essential towards its growth. There are various internal, as well as external factors that have a great influence on the success of a business (Albert, 2008).
5 pages (1250 words) Essay
Some countries cooperate and jointly develop oil export capacity, while others focus on attracting enough investment to create their own routes. The oil and gas industry in the Azerbaijani is controlled by the major company State Oil Company of the Azerbaijan Republic (SOCAR).
5 pages (1250 words) Essay
The Private Finance Initiative
The Private Finance Initiative has been touted by economic experts as one the most cost effective methods of providing quality service to the public. PFI as it is commonly known was introduced in Britain in the early 1990's by the then conservative government led by veteran administrator John Major.
16 pages (4000 words) Essay
Coventry Transport Museum
t the objects in museums can exceed their designated roles as documents or specimens by revolving around the strategic placement to make them give out a certain message in terms of sounds and images. This conforms to the notion of the museums adopting a certain standard of media
8 pages (2000 words) Essay
In Coventry University, there is faculty named Faculty of Business Environment and Society, which was established in August 2005 following a restructruing of the university’s academic provision.
16 pages (4000 words) Essay
Due to this systematic risk, the values of investments can be turned down and all this can occur because of financial transformation or other incidents that can affect the market to a great
10 pages (2500 words) Essay
Finance Project
The return on equity ratio shows the way the funds of the shareholders are utilized in the maximization of the profits of the company. The ratio has
1 pages (250 words) Essay
The time for money value in this article is represented through the rating of risk free in a formula compensating the investors placing for money in a given time in an investment. This
1 pages (250 words) Essay
It is calculated as difference close price on the date of listing and offer price of issue expressed as percentage of offer price of issue. In the US market, the short
10 pages (2500 words) Essay
The two companies have poor current ratios and while this would be an indicator of inability to meet short-term obligations, it is less of a threat to a long-term investment approach. Current ratio is also just a comparison of current assets and
3 pages (750 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Essay on topic Finance coventry for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us