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Marks And Spencer Financial Analysis

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The analysis will evaluate the highest risks associated for Marks & Spencer to embark on voluntarily starting a corporate social responsible program. The evaluation will endure recommendations to cultivation the engagement of such a program among stakeholders. Employees are essential to express and commit to change for sustainability. Being sustainable will allow the company to achieve a competitive advantage towards their strategic plan. Risks Consumers are holding businesses accountable for their actions and decisions by demanding the company to be sustainable. There are certain risks associated with corporate sustainability, that the company needs to mitigate such risks. Social and environmental risk can manifest over the long run and out …show more content…

The company will be affected by pressures from price inflation, government regulatory reform, trade conditions that will have an impact on disposable incomes (Wheatley, 2012). The triple bottom line of corporate social responsibility accounts for people, profit, planet (Richardson, 2015). The Plan A business model enabled the company to create long-term value through the effective use of resources and relationships; by managing them in line with their core values of Inspiration, Innovation, Integrity and In Touch (M&S, 2015). The highest potential risk for M&S include the following: • Profit: The company’s business operations will affect the commitment for sustaining corporate responsibility in their Plan A initiatives. The day to day operations will affect the bottom-line of the company’s business efforts. • People: The corporate social responsibility initiative may shift the focus from the core business processes that need urgent attention for an overhaul and reform to regain the lost market share. The company is prioritizing their focus on the needs of their core customers, and monitoring customer reaction on products and in-store experiences (Wheatley,

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