The paper "Marks and Spencer - Conflict between Shareholders, Tesco Management" is a good example of a business assignment. The case of Mark and Spencer is a good illustration of how such conflicts arise in a business environment (Moore, Cain, Loewenstein & Bazerman 2005). Marks and Spencer created their own market niche that stayed ahead for a long duration, but after the peak, something went wrong and customers no longer seem interested in buying their products any longer. The reason is that the company did not realize the changing trends with the new technologies and at the moment customers want to keep up with the changing world.
They now demand high-quality products for sensible prices, especially in the clothes department. Even though their clothes may not be trendy, they are more comfortable to wear at all seasons (Moore et al 2005). But simply, their customers are recently from another era that appreciates quality products at fair prices rather than fashion and personality and therefore the shareholders of Marks and Spencer will have to come up with a business plan that considers the changing needs of their customers (Moore et al 2005). (b) Tesco: Management wanting to expand globally, customers locally not liking the product choices available, or the prices In this case, Tesco Company may choose to retain its local customers by removing from their market supply the brands that their customers seem to be disinterested with and concentrate on the profit-making products (Moore et al 2005).
Removing some brands from the market could be the best way for Tesco to increase its performance as the hidden costs of production that are cut from the operation can be used to better their free brands and make them more appealing to customers (Moore et al 2005).
On the other hand, venturing into new businesses could be another opportunity for Tesco to boost its profits but even then it needs to understand what the international markets require and if it finds the new market viable, then it should go for it (Moore et al 2005). (c) NHS: Government wishing to modernize the services provided, some staff resisting changes The change will always face varying stages of resistance, but for NHS to succeed in providing its services to the public, change is unavoidable (Moore et al 2005).
The Government needs to work towards converting resistance to dedication for the improvement and changes to succeed in NHS. If the government understands the level from which the resistance is coming from, then it stands a better chance to develop strategies of dealing with it (Moore et al 2005). ‘ An entrepreneur is a person of unique qualities, is a risk-taker and passionate about business. ’ Sir Richard Branson – Virgin Group Excellent communication skills Sir Branson has exhibited excellent qualities in developing friendships and good contacts globally.
This is because he possesses good communication skills across cultures which help him in enhancing relationships (Johnson 2015). Confidence, persistence and determination Lord Alan Sugar – Amstrad Group Visionary Leadership Lord Alan Sugar is a visionary leader and that contributes so much to its unique quality in entrepreneurship. Inspired by Steve Jobs of the Apple business, he came up with the homemade computer (Johnson 2015). He focused on the simplicity of the computer and therefore came up with the CPC 464 which consisted of two items only; the monitor and the keyboard.
The power supply was contained by the monitor and several wires linked the two items since they were enabled by one plug (Johnson 2015). Alan set his business idea to solve the problem of struggling to figure out where to put in certain things and this indeed did solve the complexity of using the computer. He envisioned that enthusiasm will be sustained by the easy assembling of the product (Johnson 2015).
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Moore D., Cain D., Loewenstein G. & Bazerman M. (2005). Conflicts of interest: challenges and solutions in business, law Law, Medicine and Public Policy. NewYork, Cambridge University Press.