Role of HR and Financial Management in Adidas

Introduction to Business
Studies

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 3 ......................................................................................................................................3
TASK 4 ......................................................................................................................................5
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business studies refers to the area of study which teaches the principles of management,
business and economics. It basically combines the elements of finance, accountancy, marketing,
human resource management, organisational studies and operations. It basically provides the
increased understanding of mutual dependence by the system of business and the people also
become increasingly dependent on others. In the present report, Adidas is taken into
consideration(Agormedah and et.al., 2019).Adidas is a German multinational corporation, which
is headquartered in Herzogenaurach Bavaria that designs and manufactures the clothing, shoes
and accessories as well. The present report will cover discussion about the role of HR for
motivating their staff members. In addition to this, the report will cover analysis about the
theories related to HR and motivation. Moreover, the report will cover discussion about the
financial management concept, role of finance manager and significance of financial functions
among the organisation with the source of finance.
MAIN BODY
TASK 3
Human resource management: It basically refers to the practice of deploying, hiring,
recruiting and managing the employees within the organisation. Within the process of human
resource management, it generally includes strategic level activity which has been carried out
through the management of top level of the organisation.
Motivation: It refers to the word motive which means the desires, needs, drives or wants
within the individuals. It is basically the process of stimulating people to actions in order to
accomplish the goals (Fainshmid and et.al., 2020). Within the process of motivation it basically
comprises of different kinds of activities such as biological, cognitive and emotional forces that
results into activating the behaviour. At the organisational level, they motivate their employees
through the participation that creates the positive impact.
Theories of motivation: In context to motivation theory, it basically include the basic
understanding and knowledge which supports in terms of driving the individual towards the
specific outcome or objective.

Maslow's hierarchy of needs: With reference to this theory, it basically include five categories
of needs of human which act as support system in terms of giving direction to the human
behaviour. It is presented in the form of pyramid and according to the point of view of Maslow
the individual move forward towards their higher needs after completion of their basic needs.
Physiological needs: With reference to the lower needs, these are the physiological needs which
comprises of food, water, rest, health, clothing etc. In context to Adidas, the company provides
proper and accurate salary and breaks as well so that they can purchase for the basic
requirements of life.
Belonging and attachment needs: In context to social needs, it basically comprises of certain
parameters such as friendship, emotional bond, family bonds, friendship etc(Huang and Li.,
2019). With reference to Adidas, the company's major focus is towards creating the
belongingness that carries out different activities and also organises different social events.
Esteem Needs: Under the head of esteem needs, it basically include certain needs such as ego
driven needs, self esteem and self respect as well. In context to Adidas, the organisation
rewards the employees and staff members when they exceed the target and also offers better
position within the organisation.
Self actualisation needs: With reference to self actualisation needs, it involves certain needs such
as skill development, self fulfilment, self actualisation, education etc. In context to adidas, the
organisation offers the challenging situations and positions for the purpose of achieving the
success and look for growth opportunities as well.
Herzberg's Motivation theory: Under the case of Herzberg's Motivation theory, this theory is
also known as the two factor motivation theory. This theory basically argues that there are
different sets of factors of exclusive nature in the workplace that results into causing
dissatisfaction and job satisfaction as well. These are the factors which result into
encouragement of job satisfaction into context of self growth and actualisation(Li and et.al.,
2019). With reference to two factor theory, it is one of the most important framework when it
about the job satisfaction research. In context to the theory, it has considered two kinds of factors
that could detract or add from the job satisfaction which includes hygiene and motivation factors.
In the case of hygiene factors, these are mainly related to the need to avoid unpleasantness”.