 gives chance of members participating in the research study.
Analyses method- Data analysis method will help for transforming, cleansing and modelling the data with discovering the specific goals and achievements. The researcher will use the thematic data analysis of qualitative method for identifying the multiple approaches, facts and figures etc.
Design- Research design will general plan about the answer in the research questions. It included research method and strategies for analysing and collecting the data in proper manner. It will be divided into two ways such as Exploratory and conclusive.
For further research, Exploratory research will use for determine the nature and problem of research. It will explore the research topic with different level of depths. It will help for researcher determining the design, methodology and data collections. Exploratory method will generally study about the qualitative information and interpretation related to the subject.
Access and Ethics- Ethical consideration will be specified about the important part of research.
- The researcher participants will not be subjected to harm the ethical in any ways.
- It will respect to the dignity of participants in the research subject or topic.
- The researcher should always maintain the privacy and protection of participants and members.
- It ensures that the level of confidentiality maintain in the research data and information.
Q1) Do you think relationship of a company with its stakeholders impact on its financial performance?
Q2) What is the main role of corporate governance within an organization?
a) Run business in ethical manner
b) Reduce chance of conflict of interest
c) Build effective relationship with stakeholder
Q3) What is the most effective CG practices of M&S?
a) Build relationship with stakeholders to improve financial performance
b) Develop strong brand image at international marketplace
c) Increase productivity of workers to gain competitive advancement
Q4) What is the main reason behind failure of corporate governance of M&S?
a) A move to restructure
b) Ineffective plans for international expansion
c) Inappropriate human resource allocation
Q5) According to you, which strategy helps in improving CG practices of M&S?
a) Prioritize risk management
b) Understand the concept of human resource allocation
c) Increase diversity
Q6) What are the main factors M&S needs to concern while developing corporate governance?
a) Internal capabilities of business
b) Competitive strategies
c) Corporate goals
Q7) Do you think M&S gains more competitive advantage as compared to its competitors?
Q8) Provide recommendation for M&S in improving its CG practices for further expansion of business?
CHAPTER 4 : RECOMMENDATION AND ACTION PLAN
As through this research, it has concluded that stakeholder relationship adversely affect the financial performance of a company, both in negative and positive manner. Here, corporate strategy and governance plays an importance role in developing and managing sustainable position of business. It provides a number of ways for serving satisfaction to stakeholders. Therefore, it is recommended to M&S to concern on this factor while developing its corporate-governance. It includes the effective system of rules, processes and practices, through which respected firm can direct and control its operations. In addition to this, CG practices also significantly involves the process of balancing the stakeholders interests. These practices will help in providing proper guidelines or plan to managers for managing and controlling its business operations. Through this process, respective company will gain advantage to fulfil its corporate goals and objectives in effective manner. It will create value of business in international marketplace, which seems to be beneficial for holding interest of stakeholders within business for longer period.
Furthermore, for improving current CG practices to gain competitive advancement and cooperation of stakeholders towards completion of major project, it is recommended to Board of Directors to