Assignment on Business Operations

Business Operations

TABLE OF CONTENTS
INTRODUCTION:..........................................................................................................................1
LO1..................................................................................................................................................1
A) Analyse three key business functions and the relationships between them ..........................1
B) Major challenges involved in managing business operations and its solutions ....................3
LO2 .................................................................................................................................................4
2) Evaluate the reinforcement of business operations and strategic planning within.................4
the manufacturing industries .....................................................................................................4
LO3 .................................................................................................................................................5
3) Analyse one model and one framework of supply chain management in Volkswagen ........5
CONCLUSION................................................................................................................................7
REFERENCES:...............................................................................................................................8

INTRODUCTION:
Departments are the main pillars of every organisation. They perform several activities to
achieve goals and objectives. Each department is having their own roles and responsibilities.
Business strategies are developed and implemented according to functions of department
(Ajmani and Kumar, 2017). Business operations consist of different tasks and activities that
help in achieving business mission. The success of business depends how the overall work is
integrated within enterprise. This assignment will throw light on different key functions and
relationship between them. Also, challenges involved in it are discussed.
For undertaking present assignment, organisation selected is Volkswagen. The cited firm
belongs to auto mobile sector and operates globally. However, existence of the company on such
a great level requires effective business operations (Steel, 2016). Thus, this report will help in
developing a relevant one.
LO1
A) Analyse three key business functions and the relationships between them
A business performs many functions in day to day operations. These functions consist of
different activities that are performed by business. The role of each function is decided by top
management. It helps in clarifying their goals. Overall efforts of functions are integrated that
results in achieving business mission and vision (Ramakrishnan, 2015). Business has different
function such as research and technology, operations, information technology, etc. There are
many functions that exist in an organisation. These are as follows:-
Marketing Function- This function plays a crucial role in marketing and advertising product. Its
main role is to develop strategies and plans on how to promote their product. Apart from this,
they perform different duties and task Volkswagen marketing function emphasis on increasing
customer satisfaction by providing them high quality services Moreover, their role is to promote
business mission and vision to attract more customers. It effectively communicates with R&D to
gather data and information (Matt, Hess and Benlian, 2015). On that basis, it takes decision on
developing product. Market research is done by sales force to collect data on marketing activities
that is implemented by Volkswagen.

Finance – Finance department is main pillar of business. It plays a vital role in allocating funds
to various departments. Their main goal is to ensure that there are enough funds available to
implement strategies. It controls overall incoming and outgoing of finance. On the basis of that it
create reports on what is the current position of Volkswagen. Business success is dependent is its
strategic planning and analysis (Jia, and et..al 2015). It develops budgets so that further
strategies can be made. An effective relationship is maintained between finance and other
departments. This helps in analysing requirement of each department so that funds can be
provided to them. Moreover, profit and loss is calculated to predict financial position of firm. It
also maintains financial statements so that reports can be developed.
Human Resource- HR performs responsibility related to workforce within business. It provides
experienced manpower that can perform activities in order to achieve goals and objectives.
Recruiting and managing employee is done by HR (Akhtar and et..al. 2018). They ensure right
person at right place. In addition, they develop job roles and responsibilities and accordingly
select candidate. Monitoring employee performance and maintaining records is done by them.
HR coordinates with other department to identify any vacancy so that it can be fulfilled. They
create report on requirement of employees in overall enterprise. Providing leaves, training is
main duty of HR.
In every business, mainly three types of decisions are taken by manager and leaders. It
depends upon what and where that decision is required to be taken. Every decision is having its
own impact on business operations (Chowdhury and et..al 2016). The decision taken is
implemented at every level within organisation. Generally, decisions are classified in three
categories that are as follows:-
Strategic Decisions – It refers to those decisions that are taken to develop strategies. This
includes developing plans, goals, objectives, etc. that have to be achieved in specific time period.
Usually, it is taken by top level management. Then it is applied in overall organisation. The
success of Volkswagen depends upon this decision. It provided platform for growth and
development. Decisions made are only related to strategies and plans (Allee, Schwabe and Babb
2015). CEO, COO and directors are involved in taking strategic decisions.