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Strategic Financial Management - Marks and Spencer - Essay Example

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Strategic Financial Management - Marks and Spencer

In other words, the strategy of a company may be just to make money or it may be to provide the customers with socially and environmentally beneficial products the society may demand (Henriques, 2010, p.17). A company may have its focus only on selling its products and generate revenues. However, in that case, the company may never realize how the money is made. On the other hand, focusing on social and environmental objectives of a firm enable the company to consider its responsibilities sincerely towards the society and the environment that may include increasing employments, having no discriminatory measures within the organizational activities, manufacturing products that are pollution free and hence eco-friendly in nature (Henriques, 2010, p.17). These factors enable a company to more effectively satisfy the needs and expectations of the customers which in turn is bound to positively impact the company’s sales and financial performances. Thus the rationale behind a company considering non-financial objectives like social and environment issues is primarily the fact that non-financial objectives enable a company to realize the measures it needs to consider along worth selling of products, to successfully and more satisfactorily fulfill the needs of their customer having concern and facilities for the society as a whole and the environment eventually reflecting desired financial results. b. Marks and Spencer: Reporting of its performances reflecting financial and non-financial objectives: The Marks and Spencer company leading in its market in providing its customers with high quality clothing and home products as well high value for the food products it sells. The...
The intention of this study is Marks and Spencer as a brand of retailer group in the United Kingdom leading among several companies. The company provides its customers with clothing and other home products that are superior in quality and provide high value for money to the customers. The company is into the businesses of clothing, home products as well as food. It is also presently known for its environmental friendly activities. The Marks and Spencer company leading in its market in providing its customers with high quality clothing and home products as well high value for the food products it sells. The reporting of the company on its performances reflect that the company not only focuses on selling products and generate revenues, but it also has social and environmental objectives that deal with serving the society and the environment as a whole. As the reporting of the company reflects, the company’s turnover has been recorded to be £8.7 billion in the last year obtained from clothing, home and food products. The clothing and home products have been found to gain sales revenues of £4.2 billion showing an increase of around 3.9 percent from the previous year. Food products have also reflected increase in sales from the previous year generating revenues of £4.5 billion from sales. The company has around 700 stores that make the products of the company available to its customers (About M&S, 2011). The above mentioned results reflect the financial performances of the company that has shown highly improved and satisfactory results for the company implying the financial objectives of the company to be successful in its implementation. ...Show more

Summary

This report focuses on studying the strategic financial management of M&S that leads the company in its industry resulting in improved business outputs and financial results and a comparative study with Next Retail limited and Debenhams Plc. …
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Strategic Financial Management - Marks and Spencer essay example
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