Role of Different Business Functions in Marks and Spencer Company
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Added on 2023/06/17
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This article discusses the different functional areas of Marks and Spencer Company, including marketing, finance, operations, and human resources, and their roles in achieving business objectives.
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Table of Contents Role of different business functions............................................................................................3 REFERENCES................................................................................................................................5
Role of different business functions The business venture is associated with all different functional areas that contain a certain and specific role and responsibility related to the business operations. All different functions associated with the venture can be demonstrated in following points. Marketing MarketingisacorebifunctionalactivityassociatedwiththeMarksandSpencer Company. This involve promoting the products of the business venture in front of target customer with the use of effective channels. Company delegate its marketing activities with support of online mediums like facebook, Instagram and such other social media and digital platforms (Khatri and Samuel, 2019). Along with the modern technique company also usage the traditional method of marketing and promotion that include email marketing, holding, radio advertisement and television advertisement. All these are the major sources that support the business venture to promote its products. Role of marketing is significant in convincing the customer to make a buying decision. Finance Finance is denoted as managing the financial resources associated with the organisation. This involve assessing about the financial requirement of company and take strong decisions to manage all the financial resource of company. Marks and Spencer Company hold a particular finance team to overlook at the financial management practices adopted by the company. This involve investment decision, budgeting and such other functions. All these operations contribute defectively in the overall success of the business venture. Financial resources are limited in number which require a strong and optimum level of utilisation than only company can witness success in market. The role of this operation or functional activity is significant in addressing all different success and achieving business objectives. Operation Operation management is considered as major functional area that need to cover by the Marks and Spencer Company in order to achieve the business objectives. This involve taking decision for managing all different operation related decision. Operation management involve ensuring the efficiency at all different operational function adopted by company, overlook at the logistic of company and such like of functions that is adopted by the company. The role of
operation management is significant for addressing the overall success of the business venture in the market. Human resources Humanresourcedepartmentisamongthemajordepartmentassociatedwiththe organisation structure adopted by the Marks and Spencer Company. Human resource involve managing the all different designated role company hold, The role of employee is massive in the overall success that business venture entrain in the respective target market. Management ensure all the best level of operation responsibility with support of its human resources at all different level (Siminica, Motoi and Dumitru, 2017). Employee handle all the various responsibility at all different level that contribute aggressively in the overall success of the Marks and Spencer Company at the internal level. The role of human resource team, is to ensure the resources of company as well. In all the planning related to operation, business expansion and all other human resources play the dominating role.
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REFERENCES Books and Journal Khatri, V. and Samuel, B. M., 2019. Analytics for managerial work.Communications of the ACM.62(4). pp.100-100. Siminica, M., Motoi, A. G. and Dumitru, A., 2017. Financial management as component of tactical management.Polish Journal of Management Studies,15.