Analyzing Technological Advancements And Financial Performance Of Marks And Spencer In An Essay.

1.Write a brief introduction outlining the purpose of the report.

2. Outline the current financial situation of the store using your findings from task 1. You must place your saved screenshots of your spreadsheet from task 1 to demonstrate that you have completed all required steps. 

3. Explain how Microsoft Office can help Marks & Spencer to increase productivity.

4. Describe three technological advancements currently happening at Marks and Spencer. Discuss both the hardware and the software.

5.Write a conclusion summarising the main points of your report.

Presentation and explanation of business data

This report has been prepared to analyze the technology and its benefits in an organization. This report has been prepared to explain the management of Marks and Spencer about the various advantages and the benefits of the advanced technology in Marks and Spencer. It has been explained that how the technology could help the company toe enhance its productivity and how the management of the company could be more competitive. Further, it has been explained that how the technology could make various changes for the betterment of the company. For this study, Microsoft office and various hardware and software have been analyzed so that a better understanding could be developed about the implementation of technology in Marks and Spencer.

Financial situation of the company is quite crucial to make any decision about the performance, strategy and policy of the company. This report depicts that the position of the company could easily be analyzed through using the spreadsheets. These sheets make it easy for the company to analyze the performance and make better decision about the position of the company (Ward, 2012). Following given tables are depicting about the financial position of the company as well as the formula view depict that how easy it would be for the management of the company to analyze the financial position of the company through using the technology:

Following table depict about the financial performance of the company. These tables depict that it is quite easy for the management of the company to calculate the total profit and identify the position of the company in no time through using the technology (Zimmerman and Yahya-Zadeh, 2011):

Further, the following table depict about the financial performance and the various functions which has been used to analyze the performance of the company. These tables depict that it is quite easy for the management of the company to calculate the total profit and identify the position of the company on the basis of profit and loss in no time through using the technology: 

Further, the Microsoft office has been analyzed to identify the benefits of the Microsoft office in operations and the business of Marks and Spencer. Microsoft office is software with an integrated suite of applications for Macintosh and windows computer. This software includes spreadsheet, processing, email, presentation graphics and communication programs which offers various functions to run a business smoothly (Neyeloff, Fuchs and Moreira, 2012). The entire applications of this software make it easy for the management to store and analyze the information with less effort and time. Following are some of the main application of this software and their benefits in the organization:

Benefits of Microsoft office to business productivity

It is also called MS word. This application is a graphical word which processes the program that could be used to store the information and type it to store it for a longer period. The main purpose of this application is to type the information, facts and the information of the company to save it for longer period and analyze the facts at any time. This document contains various functions such as formatting, graphing, tables etc to make it easy for the user to save entire information (Shen et al, 2014). This application make it very simple for an organization to evaluate and find each relevant information through using the key (Ctrl+F). Further, this application saves the time and the cost of the company and makes it very simple for the management to make better decision in lesser time (Shmueli, Patel and Bruce, 2011).

Further, Microsoft excel has been analyzed. It is also called MS excel. This application is a spreadsheet program which contains various functions and it processes the program that could be used to analyze the financial figures and represent them in graphical form. The main purpose of this application is to type the figures and put various excel formulas to analyze the figures. This document contains various formulas such as IF function, sum function, capital budgeting function, various financial function etc to get the correct result in no time (Robbins and Judge, 2012). It offers the exact information and the outcome to the user.  This application makes it very simple for an organization to evaluate and analyze the statistical, financial and mathematical data and make a better result. Further, this application saves the time and the cost of the company and offers the correct result to the management to make better decision in lesser time.

Further, Microsoft PowerPoint has been analyzed. This application is powerful presentation software which is developed by the Microsoft to make a better presentation and its productivity tool make it simple for the user to present the information, facts and figures in a better way. The main purpose of this application is to present the data with audience in a professional way (Goetsch, 2011). This document contains various functions to make perfect slides. It offers the professional information to a wide range of audience.  This application makes it very simple for an organization to communicate the relevant information with the stakeholders, partners, supplier etc. Further, this application saves the time and the cost of the company and offers the attractive slides to communicate the information with stakeholders.

Microsoft word

Further various other technologies have been discussed to brief the management that how the various application, software and hardware of the company could assist the company to reduce the manpower, cost and at the same time, it would also assist the company to enhance the performance and the position of the company (Kulkarni and Agrawal, 2014). Following are the few technologies which could be used by the company to enhance the performance of the company:

The company should sell its products through online portal to manage and enhance the performance as well as the market share of the company. Further, it would also assist the company to make various better decisions about the position and the performance of the company (Grint and Woolgar, 2013). Online portal is essential for every organization nowadays as it makes it simple for the company as well as for the client to buy the products and avail the services. Further, it would also assist the company to enjoy the success.

Further, the company should use various new technologies and the methods to manage the inventory and the position of the company in terms of supply chain. The company could use the tracking technology, inventory management technology, order technology etc to manage the better position of the company and it would also assist the company to do the activity of supply chain in a better way (Feghhi Farahmand, 2011). Further, it would also assist the company to make various better decisions about the position and the performance of the company (Mocetti, Pagnini and Sette, 2010). Supply chain technology is essential for every organization to maintain the position of the inventory and enhance the relationship with the stakeholders of the company. Further, it would also assist the company to enjoy the success.

Further, the company should use various new technologies and the methods to manage the various network, data centres, hardware, software, various related equipment and the position of the company in terms of infrastructure. The company could use the infrastructure technology to solve entire issues related to the IT of the company and the various operations issues could also be resolved through infrastructure technology of the company. It maintains all the physical system of the business to improve the productivity of the organization (Wang and Lai, 2014). Further, it would also assist the company to make various better decisions about the position and the performance of the company. Infrastructure technology is essential for every organization to maintain the position of the physical activities and the elements of the organization to and enhance the performance and the productivity of the company. Further, it would also assist the company to enjoy the success.         

Microsoft Excel

Thus the above study depicts that few changes into the operations of the company could make various changes in the performance of the company. If the company would follow the above discussed technology than the profitability position of the company would also improve.

Conclusion:

Thus the above study depicts that the technologies are quite important for every organization to maintain and manage the performance of the company. This report depicts that if Marks and Spencer would adopt the above given technology, than the manpower and the cost of the company could be reduced on a huge level. Further, the various advantages and the benefits of the advanced technology have been discussed in order to enhance the performance of Marks and Spencer. It has been explained that how the technology could help the company to enhance its productivity and how the management of the company could be more competitive. Further, this report explains that how the technology could make various changes in the operations of the company or its betterment.

The study over the Microsoft office and the various other technology depict that few changes into the operations of the company could make various changes in the performance of the company. If the company would follow the above discussed technology than the profitability position of the company would also improve.  

References:

Feghhi Farahmand, N., 2011. Technology management of organization. Pearson.

Goetsch, D.L., 2011. Occupational Safety and Health for Technologists, Engineers, and.

Grint, K. and Woolgar, S., 2013. The machine at work: Technology, work and organization. John Wiley & Sons.

Kulkarni, S. and Agrawal, P., 2014. Introduction. In Analysis of TCP Performance in Data Center Networks (pp. 1-15). Springer, New York, NY.

Mocetti, S., Pagnini, M. and Sette, E., 2010. Information technology and banking organization. Pearson.

Neyeloff, J.L., Fuchs, S.C. and Moreira, L.B., 2012. Meta-analyses and Forest plots using a microsoft excel spreadsheet: step-by-step guide focusing on descriptive data analysis. BMC research notes, 5(1), p.52.

Robbins, S.P. and Judge, T., 2012. Essentials of organizational behavior. Pearson.

Shen, Y., He, X., Gao, J., Deng, L. and Mesnil, G., 2014, November. A latent semantic model with convolutional-pooling structure for information retrieval. In Proceedings of the 23rd ACM International Conference on Conference on Information and Knowledge Management (pp. 101-110). ACM.

Shmueli, G., Patel, N.R. and Bruce, P.C., 2011. Data mining for business intelligence: Concepts, techniques, and applications in Microsoft Office Excel with XLMiner. John Wiley and Sons.

Wang, W.T. and Lai, Y.J., 2014. Examining the adoption of KMS in organizations from an integrated perspective of technology, individual, and organization. Computers in Human Behavior, 38, pp.55-67.

Ward, K., 2012. Strategic management accounting. Routledge.

Zimmerman, J.L. and Yahya-Zadeh, M., 2011. Accounting for decision making and control. Issues in Accounting Education, 26(1), pp.258-259.