In today's business sector, there are numerous management and external factors that every organization must deal with in their day-to-day circumstances. These factors include topic areas such as technology, sustainability, leadership and management, and common environmental factors. On a global scale, each organization will act differently, which increases the number of competitive elements. Within my essay I will discuss these issues in relation to Marks and Spencer, a major British multinational retail company. As a leading name on the high street, they specialize in selling luxury clothing, homewares and food products, making them a major competitor to other retailers. In relation to business management, the Mintzberg approach, known as the 5 Ps: Plan, Strategy, Model, Position, Perspective refers to M&S. In recent news, management at M&S ​​Hydepark's storage and distribution facility said 134 staff would be affected as operations at the site were "scaled back" around April 5. (DHL spokesperson "The Times"). Meetings have taken place with affected staff over recent months to discuss options which include; dismissal or redeployment to other areas of the company. Many find this to be a problem, however, thanks to the managers and structure in place at M&S, they can make it work. The result is the provision of aid to help build an organization with the resources and skills that people need. Mintzberg's role suggests that every manager's job combines these roles. M&S managers should recognize that they should use many of the roles as they influence others to act in response to future challenges. For current employees to be successful, they need to know what to do, understand their customers, manage… middle of the paper… overnight success. The structure of the current economic context is influenced by market characteristics, which determine the behavior of companies within the market. This behavior includes the extent to which companies compete on price, innovation, and how much they focus on addressing daily market challenges. With respect to environmental factors, all companies will be deemed to act ethically. We still have a corporate culture based on short-term financial success, in terms of quick profits. Every company in the world is facing the same problem. They have limited or finite resources, companies simply don't have enough resources at their disposal to meet all their needs. This means that management choices must be made, so decisions are needed to choose how to allocate scarce resources among a number of competing uses generated by the changing economic environment..