esponding towards such issues. Therefore, concerning on these factors- human resource allocation, increase diversity and prepare risk management plan, will aid M&S in expanding business in overseas more appropriately.
4.2 Action Plan
This part of research includes entire activities which are required to address issues and attains objectives of a project. It provides a guideline to researchers in what manner they have to perform, for completing each activity in set period of time. In context with present project, which is based on developing policies for improving CG practices of M&S, the major activities are mentioned in given action plan:-
Step 1: Selection of topic
This is an initial step where researchers are required to choose a particular topic for conducting a research. In this regard, the main topic of present research is based on concept of corporate-governance, for which M&S has been chosen.
Step 2: Framing aim and objectives
After choosing the main topic, another activity of action plan states to frame proper aims and objectives. This would help project-makers to analyze what they have to achieve and in which area investigation has to be done. In this regard, the main aim and objective of present research-
Aim “To investigate the impact of stakeholder relationship on financial performance of business- A study on Marks and Spencer”
Step 3: Conducting literature review
After formulating aim and objectives, next step is to access information from various secondary resources to conduct literature review. This would help researchers in analysing perception of various authors for the importance of CG practices for M&S in running its business successfully.
Step 4: Research method selection
It provides methods by which relevant information can be gathered and analyzed for increasing efficiencies of a research.
Step 5: Data collection
Here, researchers will choose methods for gathering information on chosen topic. It includes primary and secondary methods of data collection. In present research, both sources are used for collecting information.
Step 6: Data analysing
After collecting the data from primary and secondary sources, at this stage, critical discussion is made from researchers' point of view. This would help in analyzing data more precisely.
Step 7: Drawing discussion and recommendation
It is the main stage of research, where discussion about key findings has made. Furthermore, on the basis of discussion, recommendation has provided to M&S for improving its corporate-governance practices.
Step 8: Edit as per client feedback
After completing the research, some modification can be done in research as per client requirement for improving its efficiencies and meeting their criteria.
Step 9: Final submission
Here, final project needs to be submitted after completion of above stages.
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