Evaluate the Internal and External Influence on Primark and Relate to It to Best Practices, Corporate Governance, Corporate Social Responsibility and Ethics?
Submitted By
Mr. AMJAD IQBAL
INDEX
HISTORY OF PRIMARK
PESTEL ANALYSIS
SWOT ANALYSIS
CORPORATE GOVERNANCE
CORPORATE SOCIAL RESPONSIBILITY AND ETHICS
CONCLUSION
REFERENCES
Evaluate the internal and external influence on Primark and relate to it to best practices, corporate governance, corporate social responsibility and ethics?
Majority organizations need best practices for achieving organizational objectives in the terms of profit, social and ethics issues. Primark’s best practice frame work is discussing below:
PRIMARK'S HISTORY
Foundation of Primark in Ireland
In June 1969, the first Penneys store opened in Mary Street, Dublin. In 1970, four more stores were added – all in the Greater Dublin area. In 1971, the first large store outside Dublin was opened in Cork and by the end of that year there were 11 more stores in Ireland and one in Northern Ireland.
Expansion
By 1973, the number of stores had reached 18 in Ireland and Primark began trading in Great Britain with four out-of-town stores. The following year the Primark was opening the first UK High Street stores in Derby and Bristol. In the next ten years, 18 stores were added in the UK and nine in Ireland, bringing the number of stores in the UK and Ireland to 22 each. Also in 1984, the first multiple acquisition took place with the purchase in Ireland of five Woolworth stores.
From 1984 to 1994 a further 13 stores were opened in the UK and 12 in Ireland, bringing the total to 66 stores – 32 in the UK and 34 in Ireland. A major flagship store was purchased in 1992.
Primark opened its first store in the Netherlands (Rotterdam) in December 2008.
In May 2009, Primark opened its first store in Portugal (Lisbon) and its first store in Germany (Bremen).
In November 2009, a second Primark store opened in Germany (Frankfurt).
In December 2009, Primark opened its first store in Belgium (Liège).
Number of Stores Trading at 18th May 2010
COUNTRIES NO. OF STORES
United
Mr. AMJAD IQBAL
INDEX
HISTORY OF PRIMARK
PESTEL ANALYSIS
SWOT ANALYSIS
CORPORATE GOVERNANCE
CORPORATE SOCIAL RESPONSIBILITY AND ETHICS
CONCLUSION
REFERENCES
Evaluate the internal and external influence on Primark and relate to it to best practices, corporate governance, corporate social responsibility and ethics?
Majority organizations need best practices for achieving organizational objectives in the terms of profit, social and ethics issues. Primark’s best practice frame work is discussing below:
PRIMARK'S HISTORY
Foundation of Primark in Ireland
In June 1969, the first Penneys store opened in Mary Street, Dublin. In 1970, four more stores were added – all in the Greater Dublin area. In 1971, the first large store outside Dublin was opened in Cork and by the end of that year there were 11 more stores in Ireland and one in Northern Ireland.
Expansion
By 1973, the number of stores had reached 18 in Ireland and Primark began trading in Great Britain with four out-of-town stores. The following year the Primark was opening the first UK High Street stores in Derby and Bristol. In the next ten years, 18 stores were added in the UK and nine in Ireland, bringing the number of stores in the UK and Ireland to 22 each. Also in 1984, the first multiple acquisition took place with the purchase in Ireland of five Woolworth stores.
From 1984 to 1994 a further 13 stores were opened in the UK and 12 in Ireland, bringing the total to 66 stores – 32 in the UK and 34 in Ireland. A major flagship store was purchased in 1992.
Primark opened its first store in the Netherlands (Rotterdam) in December 2008.
In May 2009, Primark opened its first store in Portugal (Lisbon) and its first store in Germany (Bremen).
In November 2009, a second Primark store opened in Germany (Frankfurt).
In December 2009, Primark opened its first store in Belgium (Liège).
Number of Stores Trading at 18th May 2010
COUNTRIES NO. OF STORES
United
References: 1. By Andrew Chambers Tuesday, 02 December 2008 – Ten Principles of Corporate governance. (Online Article) 2. Report of the Committee on the Financial Aspects of Corporate Governance: The Code of Best Practice (Cadbury Code) - 1 December 1992 3. Roger, J (1999) Facilitating Group Management Futures Ltd. London 4. A Joshi, NL Erhardt - Journal of management (Chapter SWOT analysis), 2003 5. RS Kaplan, DP Norton - Your Organization on Strategy 2000