Business Functions Report

This report analyzes the importance of different business functions within Tesco, demonstrating how departments like HR, Finance, Production, and Marketing are interconnected and work together to achieve business objectives. It also highlights key qualities required for success in these functional divisions.

BUSINESS REPORT
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Table of Contents
INTRODUCTION ..........................................................................................................................3
Evaluate the importance of different business functions and show how they link together. 3
CONCLUSION...............................................................................................................................4
REFERENCES................................................................................................................................5
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INTRODUCTION
A business is consist of many functional operations. Each functional division is important
for the smooth running of the business. This assignment will help in understanding the
interrelation between different divisions of the Tesco and their importance.
Evaluate the importance of different business functions and show how they link together.
There are many functional divisions in a Tesco. Each division is responsible for
managing different set of roles and responsibilities (Tesco's marketing and its relationship with
other business activities, 2017). Some of the business operations division are HR, Finance,
Production, Marketing in Tesco are analysed in terms of making strategies and priorities for
processess groups. The board corporates various communiies and investors analytical procedure
for manaing the functions with creative plans and responsibilities. Corporate activities are also
analysed with different perspectives. However, there interrelation can be understand by the
following.
Finance and HR in Tesco are the two different divisions of the company. The HR
division helps in hiring a qualified and skilled candidate for the desired position in company.
Hence, the HR department can help the finance team by appointment well experienced and
skilled candidate which can help in increasing the productivity of the company (Marketing's
Interaction with Other Functional Units: A Conceptual Framework and Empirical Evidence,
2018).
Production department of Tesco is responsible for producing the products which are
served by the organisation. Whereas, the Marketing department helps in promoting the products.
Hence, the marketing division of a firm can help in promoting the products which are produced
by the production department of the company in order to raise the total sales of the organisation.
The finance division helps in providing sufficient funds in order to undertake all the othe
business operations of Tesco efficiently (Relationship Between Marketing Department and Other
Departments in Making Marketing Decisions, 2018). Whereas, the research department helps in
analysing and providing various data which can help in various business strategies and decision
making. Therefore, the finance division can provide adequate finance to the research department
in order to operate efficiently.This proves that all the functional departments work together in
harmony in order to assure the smooth running of the business and maximise its profit.
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There are many qualities which are required in order to work in an organisation in these
functional divisions. For example, communication, leadership, decision making and many more
qualities.
Communication is a very important element which helps in conveying the message to the
other members about their thoughts, plans and strategies. There is a specific order folloed in
terms of communication of with in Tesco. Flow of information found from senior level to level
level (Tesco's internal communication managmeent, 2018). A well versed communication frame
between the departments by the individual helps in smooth running of operations and
maximising the revenue.
Decision making is the quality which is required in all the functional devisions of the
business. This quality is required in order to take correct and quick decisions that needs to be
taken at every level of the the operations in an organisation.
CONCLUSION
From the discussion above, it can be concluded that a business is consist of many
different functional divisions such as HR, Finance, Marketing, etc. All the departments have
different work profile. However, these departments are inter related to each other and they work
together to attain maximum profit for the organisation. Also, there are many qualities that an
individual should have in order to work in an organisation such as communication,
leadership,etc.
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REFERENCES
Books and Journals
Hilton, R.W. and Platt, D.E., 2013. Managerial accounting: creating value in a dynamic business
environment. McGraw-Hill Education.
Online
Tesco's marketing and its relationship with other business activities, 2017 [Online], Available
through:< http://www.sanandres.esc.edu.ar/secondary/marketing/page_14.htm >.
Marketing's Interaction with Other Functional Units: A Conceptual Framework and Empirical
Evidence, 2018 [Online], Available Through:< https://www.jstor.org/stable/1251140?
seq=1#page_scan_tab_contents>.
Tesco's internal communication managmeent, 2018. [Online] Available
Through:<https://www.personneltoday.com/hr/employee-engagement-at-tesco-
optimising-two-way-communication/>.
Relationship Between Marketing Department and Other Departments in Making Marketing
Decisions, 2018 [Online] Available Through:<
https://www.bartleby.com/essay/Relationship-Between-Marketing-Department-and-
Other-Departments-P3VCWC3EKRYYS>.
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