Role of Organizational Functions in Argos Company

ARGOS COMPANY

TABLE OF CONTENTS
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
Role of various organizational functions within the organization.........................................3
Understanding collaborative working practices.....................................................................4
Role of financial management and reporting in an organization...........................................5
Role of financial reporting in an organization.......................................................................6
CONCLUSION..........................................................................................................................6
REFERENCES...........................................................................................................................7

INTRODUCTION
Business studies is the subject that deals with the business and includes a wide range
of subjects such as accountancy, marketing, finance and e-commerce. In this report, Argos
company is taken as an organization. It is the retail merchant headquartered in UK. It is
owned by the Home Retail Group and is one of the biggest retailers in Britain, founded in
1973. The company provides and sells its products through catalogues in stores from where
customers can make purchases. This report provides an insight about the role of various
functions in the organization, understanding collaborative working practices. It also includes
the role of financial management and reporting in an organization.
MAIN BODY
Role of various organizational functions within the organization
There are different types of organizational departments which are created as per the
organization’s requirement (Bai and et.al, 2017). Each of the department plays a crucial role
in the overall success of the organization. A detailed description is given below.
Marketing
Marketing is an important function in every organization. Marketing plays a crucial
role in establishing a good relationship with the customers and the organization which gives
sort of confidence to bring something new in the market. Marketing shapes the image of the
organization. It is also responsible for increasing the revenue of the organization which leads
to increase in profitability (Kirova, 2017). The marketing function in Argos company, helps
in growing the customer base for the organization especially when the company is dealing
with the more corporate customers. The marketing team of Argos also works on branding and
promoting the products of the organization by initiating various marketing campaigns and
activities.
Human Resource
The main role of human resource department of the organization is to channelize the
efforts of each and every employee from the organization’s point of view. The HR
department of Argos company is involved in recruiting the right kind of people at the right
time. Under this, a legal contract is signed by the employer and the employee. Also, a proper
training is provided to the employees with respect to the task to be carried out (Buzkan,
2016). HR team comes up with various activities to encourage and motivate the employees to