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Business Analysis Of John Lewis 'The Partnership'

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John Lewis PLC and Tacit Knowledge. "The Partnership." John Lewis Partnership - The Partnership. John Lewis Partnership, n.d. Web. 10 Apr. 2017.
Found on the John Lewis Partnership webpage, the following article along with others outline the unique structure of the partnership. The John Lewis partnership, formed by the founder John Spedan Lewis, is a “system of checks and balances”, where all employees recognized as partners to the business and are given the ability to speak on the company's issues. The supporting articles that follow outline the full structure of the company, where partners vote to elect representatives taking part in specific committees (ex: The Partnership Council [Executive Team], Waitrose Management Board [Divisional Council]). …show more content…

"John Lewis MD Says Industry Must Adapt to ‘profound’ Changes."Financial Times. The Financial Times Limited, 30 Mar. 2017. Web. 13 Apr. 2017.
The following article, written by the Financial Times, talks about how the new managing director, Paula Nickolds, comments on the company’s adaptation given the current customer trends and economic climate. She discusses customer behavior and how the retail brand must adapt with those behaviors to continue in attracting customers. Nickolds also discusses the materials and goods John Lewis currently offers, commenting on necessary changes to imported stock and local stock levels, with some mention on the unclear future of the company.
This article is reliable as the source that it comes from is known for its unbiased and accurate reporting on business and economic news stories. The source is objective as the writer is not informing any personal opinion but only the information gathered from the Managing Director. The goal is to inform readers interested in business news about the company’s response to uncertain times. As John Lewis is making certain changes for the future of the company, this source can be used in reference to an interview with an executive from the company when questioning the company’s long term and short term plans in terms of finances and its relationship with its partners. The article was interesting as the Managing Director, in the time between the Brexit decision and final agreement, confidently …show more content…

The article also addresses the thought behind the partnership as “the sharing of gain, knowledge, and power”, as Lewis believed that the pay system was unfair as pay should be dependent on performance. However, the article also clears up that John Lewis Partnership Trust are the ones who own the company's actual shares, which the author later addresses the conflicting nature of the structure, where all employees are called partners but there are still higher officials who finalise the decisions made by the

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