Marks and spencer is this as good as it gets case study
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What makes marks and Spencer a good company?
Marks and Spencer has a vision that they are very strong in their communities and ensure good working conditions. Marks and Spencer has the lowest employee turnover rate in UK retail i.e. 14%.Marks and Spencer is offering competitive salaries, discount to their employees, bonuses and share save options to their employees.
What are the problems that marks and Spencer are facing?
The Customers are becoming more conscious about natural and environmental issues, so for this Marks and Spencer launched plan A, which consists of 180 commitments to overcome the challenges. Many problems are related with Climate Change, Waste Reduction, Ethical Trading, Sustainable Raw Material and Health.
Where did Thomas Spencer and Michael Marks start their business?
Michael Marks from Slonim, Russia and Thomas Spencer a cashier from Yorkshire are the pioneers of this U.K’s biggest retailers. At Leeds (Kirkgate market) in 1884, Michael Marks started his own business by opening a penny bazaar stall. Then to develop his business he opened a shop at Manchester with the partnership of Thomas Spencer.
When did Marks and Spencer expand plan a?
In March 2010 Marks and Spencer expanded plan A & introduced 80 more commitments and added them up with the existing ones. In these commitments their primary focus is on climate changes, waste, natural resources, fair partner, health and well being.
Last Update: Oct 2021
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Senequa
26.10.2021 12:01
If the answer matches the mark scheme.
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24.10.2021 03:35
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24.10.2021 01:44
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