Managing for the future - Assignment Example

Only on StudentShare

Extract of sample
Managing for the future

The analysis of the performance then focuses on how the company has performed in these three factors. Finally scenario development is done and the management initiative that needs to be taken for the success of the organization in future has been recommended. Company Overview Marks and Spencer (M&S) has been operating in the retail industry for last 129 years and has transformed itself from a single market stall to a multi-channel retailer who has international presence. The company is operating in more than 50 territories with employee strength of 82,000 people. They stand on the pillars of trust, innovation, value, service, quality and works hard to ensure that that they sustain in the market by continuing to offer value relevant to the customers. They are shifting their focus from United Kingdom and diversifying their product range, location and channels in order to broaden their focus towards the international market. The turnover of the company from the market of UK comes from general merchandises (46%) and food (54%). They offer great value, high quality, stylish clothing and home products. Beside this they also offer quality food that is sourced from several suppliers present all around the world. In UK they have around 766 stores facilitated with flourishing e-commerce business. In UK they are the market leader in menswear, women’s wear and lingerie section. ...
Download paper

Summary

Managing for the future Table of Contents Executive Summary 3 Company Overview 4 Company’s History from 2007 to 2013 4 Concept Definition 9 Performance Management 13 Scenario planning 18 Management Requirement 21 Reference List 22 Executive Summary An organization in order to sustain in the competition addresses many factors…
Author : abigail92

Related Essays

Managing Value for Competitive Advantage
An in-depth analysis of the level of stakeholder relationships in the company illustrates how the company has managed to create meaningful connections that are a pillar to its success. The company has grown consistently over the years and at the core of its strategy is the commitment to offer value to its clients. The process of creating value and building strong relationships with stakeholders has a direct result of positively impacting on the profitability of the company. Therefore, it is recommended that companies should adopt a value creation strategy in order to remain competitive. The…
10 pages (2510 words) Essay
Managing Ethichs and Social responsibility
In relation to the conception of business ethics along with social responsibility, Business Ethic Management (BEM) is viewed to be a process of analysing as well as minimising ethical issues or problems with the application of certain specific programs and effectual practices. There are varied important elements that are applied by different organisations for minimising ethical problems or issues that include formulating effectual mission statements and establishing standard code of ethics. It has been apparently observed that the people involved with an organisation are provided with business…
12 pages (3012 words) Research Paper
The future success or failure of Walmart Co.
4. Construct a SWOT analysis for the organization. 5. Review the research and based on one’s conclusions, what corporate strategy would be recommended for the next five years of operations? The Future Success or Failure of Wal-Mart Stores, Inc. Brief Background and Mission/Vision Statement The origin of Wal-Mart was traced in 1962 through the opening of a discount store by the founder, Sam Walton, in Rogers, Arkansas. The official inauguration date of Wal-Mart Stores, Inc. was indicated as October 31, 1969 (Walmart Corporate: History Timeline, N.D., par. 1). The instrumental and legendary…
3 pages (753 words) Research Paper
Managing People
This will ensure all the work is done at the appropriate time and all the subsequent documentation filed. As such, there will be a sense of accountability in running the firm. In today’s world, it is evident that many employers are reverting to online recruitment, citing its prevalence. It is noted that the internet is one of the rapidly growing service that is in use with more than 60 percent of the world’s population. Therefore, many people will access the internet when they are looking for jobs or when they need to recruit employees (Dowling, Festing and Engle, 2008:19). This makes it…
3 pages (753 words) Essay
Managing people
246-250). In this scenario, an important element is to figure out during what time there is more record of absence, since it could be due to more excessive working hours, no offs per week, working extra hours, more work and less encouragement causing employees to feel the motivated and demoralized. It is important for the organization to assess the situation and design strategies to bring back the presence of its employees on a daily basis. And this also brings a lot of responsibility and looks upon the efficiency of the HR human resource management to skillfully design ways to encourage…
8 pages (2008 words) Essay
Managing People
An organisation should therefore strive to reduce constant absenteeism that has direct and indirect negative impacts. Most companies are now focusing on the proactive ways of checking and reducing absenteeism by indentifying and dealing with causes of non-attendance rather than focusing on the absenteeism as a negative entity (Coughlan 2004, P.5). The moist common causes of absenteeism are related to sickness and other genuine reasons though in some cases employees may fail to show up at work place without a genuine reason due to lack of motivation, bullying, personal issues and stress. A…
8 pages (2008 words) Essay
MANAGING PLAN ASSIGNMENT
Then in 2009, Nokia and Blackberry launched new online application stores. Presently, the mobile application spaces are available across all the platforms through a global basis. As per industry research done by Getjar the whole number of application downloads grew at 92%, CAGR to an approximate 50 billion downloads per year by 2012. This is mainly due to the growing number of users being engaged and becoming active application users. In this study marketing strategy of an mobile apps has been developed considering different environmental factors, extent market competitiveness and company’s…
14 pages (3514 words) Term Paper
Got a tricky question? Receive an answer from students like you! Try us!