Challenges and Functions of Business Organizations: A Case Study of Tesco
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Added on  2023/06/04
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This report discusses the challenges and functions of business organizations, with a case study of Tesco. It covers marketing, finance, human resource, operations/productions, and how these functions are linked.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Marketing...............................................................................................................................3 Finance...................................................................................................................................3 Human resource......................................................................................................................3 Operations/productions...........................................................................................................3 How business function links...................................................................................................4 CONCLUSION................................................................................................................................5 REFERENCES:...............................................................................................................................6 Books and Journals.................................................................................................................6
INTRODUCTION This business report majorly focuses on the challenges and problems which are usually focused by an organisation (Bolton and et.al., 2018). This report will discuss different functions and operations are performed on regular basis such as finance, advertising, human resource management, branding, advertising. MAIN BODY Organisations involve number of challenges which requires right skills to overcome them. Different departments require respective skills according to the requirements such as critical thinking, communication, decision making, consistency and time management. Marketing Itisresponsibleforincreasingthebrandawarenessofproductswiththehelpof advertisements. Tesco uses marketing function so that they can overcome the T shirt challenge which regulates their revenue generation. They focus on different designs, patterns and colours which attract their customers. Finance It regulates all the transactions related to cost and capital in business so that they can commence operations(Kim, 2018). Tesco can effectively eliminate presentation challenge so thattheycaninvestinappropriateadvertisement.Balancedbudgetandfinanceshelp organisation in providing training to their employees so that they can inherit presentation skills in desired manner. Human resource Every organisation aims at managing their human resource in effective manner as they are responsible for carrying out operations. Tesco hires diversified workforce so that they can accomplish their goals. The apprenticeship challenges help them in inspiring teams and improves communication skills so that workforce can involve creative ideas. Business objectives can be easily achieved by focusing on this challenge.
Operations/productions Tesco focus on maintaining required standards in their operations so that they can offer higher quality products and services. They develop healthy relations with their suppliers so that they get raw material and equipment in cost effective manner (O’Dochartaigh, 2019). Strategic decisions are formulated by Tesco so that they can maintain accuracy in their production procedures. It helps them in eliminating various challenges from business. How business function links Business involves numbers of operations which are directly and indirectly linked with each other. Tesco hires experienced human resource who can effectively handle all the operations related to marketing, finance, productions, etc. Combination of all these activities are responsible for growth and success of business.
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CONCLUSION From the above report it can be concluded that organisations involve various challenges which affect their growth and operations. Several functions are carried out by employees in day to day basis which are responsible for the appropriate growth and expansion of business. Various functions of business organisation are linked to these challenges.
REFERENCES: Books and Journals Bolton and et.al., 2018. The power of human-machine collaboration: Artificial intelligence, business automation, and the smart economy.Economics, Management, and Financial Markets,13(4), pp.51-57. Kim, T., 2018. Goldman Sachs asks in biotech research report:‘Is curing patients a sustainable business model?’.CNBC. O’Dochartaigh, A., 2019. No more fairytales: A quest for alternative narratives of sustainable business.Accounting, Auditing & Accountability Journal.