 Along with this, it has also analyzed that idea of restructuring the infrastructure has led M&S to face various issues. It includes near about sixty-two percent fall in profitability of business annually. Due to this issue, respective company also fails to gain interest of stakeholders and their financial support in implementation of further project.
1.3 Problem Statement
Corporate Governance reflects relationship among Board of Directors, Management, Shareholders, Employees and other stakeholders in a company. It deals with the ways by which suppliers or investors who finance in corporations assure themselves, to get high return on their investment (Quinlan and et.al., 2019). The issues of corporate governance will impact on the financial performance of organization and also measure the accountability of different entities in terms of policies, activities and operations. The researcher will find out the strong relationship between the corporate governance practices and impact on the financial performance of organization. In context with Marks and Spencer, as this company faces related to failure of corporate governance. Therefore, this research will help in determining factors that is impacting on following of CG practices of M&S. It will help in taking effective measures to minimize impact and increase profits through CG practices. It also identifies ways by effective CG practices can be implemented within business, by taking consideration the overall interest of stakeholders.
1.4 Research Aim and Objectives
In order to conduct a research, the most essential task for researchers is to formulate proper aims and objectives. The overall result and success of a project depends on both of these aspects. It provides guidelines to research-team related to identify issues and address the main objectives of research. In this regard, main aim and objective of present case study which is based on Corporate Governance of M&S, are described as beneath:
“To investigate the impact of stakeholder relationship on financial performance of business- A study on Marks and Spencer”
- To identify role of corporate governance policies and practices in an organization
- To determine relationship between stakeholder relationship and financial performance of business
- To recommend how corporate governance policies can be implemented within Marks and Spencer
1.5 Research Question
- What is the role of corporate governance, policies and practices in an organization?
- What is the relationship between stakeholder relationship and financial performance of business?
- How corporate governance policies can be implemented within Marks and Spencer?
1.6 Structure of research
This part describes overall structure of an assignment under which a research is going to be carried out. It provides actions which are needed to be completed by project-makers for improving and increasing effectiveness of a research (Bainbridge, 2016). Therefore, in this regard, structure of present research can be described in following manner:-
Chapter 1: Introduction- This is the most important part of research which includes overview of project and organisation which is undertaken for the same. It entails main purpose behind conducting an investigation. In addition to this, it also consists specific aims and objectives, on which entire research is based.
Chapter 2: Literature review- Under this part, secondary sources are taken to analyse the perception of different authors and experts, who have already conduct research on same topic. For this purpose, articles, books and journals have been accessed to collect relevant information on chosen case study.
Chapter 3: Research Methodology- This part of research describes methodologies by which project-makers can gather adequate amount of data. It includes primary and secondary sources which helps in collecting specific information in precise manner.
Chapter 4: Critical Data Analysis- It shows a critical discussion on information which has been gathered under primary and secondary research. Here, discussion is made through view poin