Marks And Spencer Plc

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RAYAT LONDON COLLEGE 32-42 New Heston Road Heston, Middlesex TW5 0LJ. Module Leader: Dr. Sandy Wilkinson Student ID: R01-20615 Assignment Title: Marks and Spencer plc. Assignment Number: Two Table of content * Introduction * Strategic challenges currently facing Marks & Spencer and how they are met. * Why did the company extend its ethical policies by introducing plan A? * Are these ethical commitments giving the company the competitive advantage? * Principal opportunities available to M & S (Food and Clothing Businesses). * How these changes work with the value chain of M & S? * SWOT analysis for M & S clothing business * Introduction. Marks and Spencer, popularly known as M&S was established in the year 1884 by Michael marks; who is a Russian. He opened a small store at Leeds market were he sold nails, screws, soaps, spoons and labels for just one penny. In 1893, Michael marks moved to Manchester, which was his home were he established a shop at the basement of the house he lived in. In 1894, he had an approximate of twelve stores. He was in search of a partner and approached a friend of his named Isaac Dewhirst. This friend declined but directed him to his cashier named Thomas Spencer. Thomas Spencer invested 300pounds in the company and brought labour in organisation and contacts amongst manufacturers into the fledgling business. They later built a warehouse and registered it as their first headquarters. Thomas Spencer retired in 1903 and died two years after and also his partner died on the 31th of December 1907; just two years later. Since then, the marks and Spencer business has moved forward. Managers and
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