Importance of Different Business Functions: A Case Study of Shell Plc
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This report discusses the importance of different business functions such as marketing, human resources, operations, and accounting and finance, using Shell Plc as a case study.
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Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 CONCLUSION................................................................................................................................2 REFERENCES................................................................................................................................3
INTRODUCTION The term business function refers to those activities which are performed in organisation in orderto achieve its goals and objectives(Cagle, Yılmaz and Doğru, 2020). These functions ensure the proper functioning of business towards its customers, leaders, employeesand shareholders.A company can have one or more business functions and each function plays an important role for others. The essay report focus on different functions of business and their importance. MAIN BODY Business functions is the concept about what type of work is being conducted in an organisation or their role in business community. The structure of business depends on functions of organisation. Business functions are being categorised in to two main parts such as support functions and core functions. Marketing functionis related with carrying out all the promotional activities in order to aware customers about products and services offered by organisation. The marketing department of Shell plc evaluate customers needs and carry out an appropriate marketing mix in order to satisfy them. The marketing team collects information through thorough market research and accordingly prepares strategy. For example market research, products development, price setting, distribution, customers relationship management, packaging, customers services, advertising etc. activities are being carried out by marketing department of Shell Plc. Human resourceinvolves recruiting potential individuals and managing employees in an organisation(Heikkilä, Kaipia and Ojala, 2018). The human resource department carry out all those activities which are related to employees of organisation. Identification of workforce needs, recruitment and selection of individuals, providing training and development, designing compensations system etc. are activities carried out by human resource department of Shell Plc. The department is responsible for handling termination of employees, managing all industrial relations, handling human resource outsourcing strategy. Operation functionis also known as production function in implied with all the activities related to production of goods or services(Massa, Tucci and Afuah,2017). This department is related with producing output with the use of inputs such as raw materials and other components. The department ensures adequate availability of resources for production. The activities such as 1
maintenance of production level, output quality, high level efficiency achievement, providing consistent services etc. activities are being performed by operation department of Shell Plc. Account and financeis related to financial terms and is responsible for managing the money in the organisation(Wu, Buyya and Ramamohanarao, 2020). The finance department handles monitoring of money going out and in of business.The accounting and finance department of Shell Plc manage all records of financial transaction such as making payment of salaries, suppliers etc. The department is also responsible for disclosure of information to the interested parties such as creditors and investors through publishing financial statements. Fund raising and their management is also handles by accounting and finance department. CONCLUSION From the above essay it is ascertained that Business functions are different types of activities which are being performed in and organisation. Business function is the key aspect which helps in smooth flow of activities within an organisation. The objectives of each organisation differ form each other depending on its nature. Business functions are categorised in to two different categories such as support function and core function. 2
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REFERENCES Books and Journals: Cagle, M. N., Yılmaz, K. and Doğru, H., 2020. Digitalization of business functions under industry 4.0. InDigital Business Strategies in Blockchain Ecosystems(pp. 105-132). Springer, Cham. Heikkilä, J., Kaipia, R. and Ojala, M., 2018. Purchasing category management: providing integration between purchasing and other business functions.International Journal of Procurement Management.11(5). pp.533-550.\ Massa,L.,Tucci,C.L.and Afuah,A.,2017. Acriticalassessmentof businessmodel research.Academy of Management Annals.11(1). pp.73-104. Wu, C., Buyya, R. and Ramamohanarao, K., 2020. Modeling cloud business customers’ utility functions.Future Generation Computer Systems.105.pp.737-753. 3