S/B/171. Profitability in most Companies will be more an indicator of macroeconomic conditions and market power rather than efficiency or management ability: comparative study of Marks & Spencer and NEXT
(2006, 4000 words)
The paper examines the impact of macro-economic influences, market conditions and managerial efficiency on the profitability of an enterprise. Theoretical approaches to the studied concepts are reviewed; an overview of the UK clothing market is presented focusing on Marks and Spencer and NEXT, and conducting their SWOT and Porter's Five Forces analysis.
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