External Factors Affecting Marks And Spencer
External Planning factors are factors that can affect the business from outside the business, therefore this cannot be controlled by the business. This could include the type of employees that M&S may have working for them. It may also involve the amount of money that is needed in order to pay their wages. External Planning factors that may affect Marks and Spencer are Government Policy, Labour Market Competition, Changing Nature of Work and Employee Expectations.
Supply of Labour:
Marks and Spencer will need to know what is happening to the supply of labour on a local, national and international scale. The change in the type of work that is available has changed in some parts of the UK. In recent years there has been a growth in retail,