ting stratagem or support to the employee related their job. Sometimes, the organization is planning for strategy related the formulation but its fail for implementing the changes in operations. Stakeholders are the most important part of any organisation as they are having power to impact decision making process within company and ultimately impacting financial performance as well. The relationship of stakeholders are unique in their ability to help firms to get their performance better.
2.3 Strategies can be implemented to improve CG practices in Marks and Spencer
According to Bell, Bryman and Harley, (2018) an organization must be accurately collecting data in the form of report to identify their profits or losses. It makes sure to figure out that those who invest money in the organization. Sometimes, the lack of transparency expose the fines from the regulatory agencies in the organization. Issues and problem arises when corporate governance fails to perform it activities in an effective manner. For instance: with Marks and Spencer, Stakeholders are pulling their hand from the company and this is happening because of re-structuring of M&S as a result, firm ultimately faced huge loss. Therefore, Marks and Spencer, must make strategies for their organisation that can be implemented in order to enhance Corporate Governances within the company. Some of them are explained below for better understanding:
Increase diversity: Marks and Spencer is facing lack of diversity in terms of effective stakeholders and experienced employees. Because of the least interest of Stakeholders, expected sales get down by 1.5 percent large in the sector of clothing. Therefore, it is important that Marks and Spencer includes people who can manage and handle different activities
CHAPTER 3: RESEARCH METHODOLOGY
Research methodology will concept that used by researcher for collecting, analyzing and managing the data in appropriate manner. It will be helpful for selecting the suitable information that applicable in research areas.
Primary data- The researcher will use the primary data collection method to collect the data through Questionnaire, conducting interviews etc. This will help in gathering fresh data and information and analysing them through this it will be easy for researcher to attain aims and objectives. Therefore, it can be said that it is a methodology which further used in order to gather data and information that have not been used by any other researcher while doing their research. Thus, it is very applicable in order to have in depth knowledge regarding a specific topic in which investigator wants to master. Henceforth, main advantage of primary research is to come up to a valid conclusion by searching for an effective solutions. In relation with the present research, company will get to know about the issues that firm is facing while operating their business and gaining competitive advancement as well. Furthermore, different kinds of tools and technologies is going to be used such as questionnaire, online and offline surveys, interviews and many more. Thus, some of them are explained below for better understanding:
Interviews (telephonic or face-to-face): This is one of the qualitative method of data collection. Therefore, it is used in order to gather information from large number of population either by telephonic conversation or face-to-face interviews. Furthermore, so as to do the same researcher can use d This kind of research methodology is generally depends upon the capability of researcher and the way he/she influence respondents for extracting data and information. Therefore, in order to conduct this interview conversation it is important that open end questions are being developed which can only last for around 30 minutes. Thus, it can be said that interview method if very effective when researcher wants to gather information in shorter period of time. In relation with interview it is required that effective communication method is being used because it will enable researcher in gathering appropriated information or r