Here is the synopsis of our sample research paper on Marks & Spencer; Potential Strategies and Risk. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper is written in two parts. The first part of the paper suggests and strategies suitable for Marks and Spencer to use when dealing with the risks they face internally and externally. The second part of the paper summarises the most serious risks the company faces. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEMSrisk.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
profit is once again increasing. However, in turn and external risks still remain. A number of strategies can be recommended in order to deal with internal risk. One internal risk
has been that of limited viewpoint with the majority of the management promotion is taking place in house. It was this that led to the arrogance which led to management
failing to recognize the need for Marks and Spencer to change as the industry and environment changed. The recruitment strategy needs to be varied to include recruitment from outside as
well as inside the company. This will allow new blood to be brought into the company which may also bring new ideas and a different perspective on the competitive environment
(Thompson, 2005). The internal training and development should also allow for a broader perspective, strategies such as increased use of secondment between different stores and departments, as well as encouraging
employees to take additional external qualifications from NVQs to MBAs or increase the level of skills as well is a general perspective within the organisation. Marks & Spencer has also
been named as a supermarket with the poorest recycling record (campaign, 2007). In the short term this may not be risked, but in the long-time the company needs to adapt
their operational practices in order to increase the level of recycling it takes place. Social pressures to increase recycling and name and shame those who do not may result in
a negative reputation to the company. There is also a potential that there will be increased legislation in the future specifying the need for higher levels of recycling. The lack
of recycling and general environmental approaches towards business may also have an opportunity cost in terms of the way the business may be able to make savings, such as energy
...