Interrelationship of Business Functions in Rio Tinto
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Added on  2023/01/19
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This report explores the interrelationship of different business functions in Rio Tinto, a metals and mining industry. It also discusses the necessary academic skills and techniques for successful undergraduate students.
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BUSINESS REPORT
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 Business functions and its interrelationship with each other......................................................1 Necessary academic skills and techniques for successful undergraduate students.....................2 CONCLUSION................................................................................................................................2 REFERENCES................................................................................................................................3
INTRODUCTION Different business functions are playing different role to the business in effective manner by having effective coordination and interrelation with each other(Albertoni, Elia and Piscitello, 2017). Present study is based on the organisation Rio Tinto that is a metals and mining industry having its headquarter in London, UK. Report will include interrelation of different business functions of Rio Tinto among each other. Report will also include the respective academic skills and techniques that are necessary for an undergraduate student. Business functions and its interrelationship with each other Different business functions with respect to Rio Tinto and there interrelation is as following:- Financeandmarketing:-Thetwobusinessfunctions,Financeandmarketing department of Rio Tinto is having an effective interrelation that helps the business to achieve its goals. The role of Finance is to allocate business resources and provide funds to other business functions. On other side of business, marketing helps the business in promoting its offerings. Both the departments are interrelated to each other as for promoting the products and services, marketing department depends on finance for getting funds so that they can run there promotional activities(Zhou And et.al., 2015). Marketing and operations:- The role of marketing in Rio Tinto is to promote the offerings, but these offerings are basically prepared by operation department. Both the departments have interrelation with each other as operation department depends on marketing to make the offerings effective in eyes of the customers and also for doing proper research so that operation department can bring the respective change in its activities and offerings. Operations and Finance:- Operation department works to prepare the effective offering and do different business operations in Rio Tinto. On the other hand finance department allocate respective resources and funds so that business operations can run effectively. There are different operations for which finance department of Rio Tinto depends on Operations in order to run business smoothly. On the other side to run these business operations, funds are required and finance department allocate respective resources for operation department of Rio Tinto. In this way all the respective departments are having an effective interrelation with each other(Cantù and et.al., 2015). 1
Necessary academic skills and techniques for successful undergraduate students The necessary skills and techniques for being a successful undergraduate student are as following:- ï‚·Interpersonal skills:-The interpersonal skills of a student helps them to have effective listening and problem-solving that also helps them to grow academically and also professionally. ï‚·Writing and reading skills:- Another most important skill for undergraduate students is to have effective reading and writing skills. Reading skills helps the individual to think critically and on the other hand writing skills builds knowledge of an individual with respect to spellings, grammar and also punctuations(Drew, 2018). ï‚·Computer skills:-There are some computer skills that are essential for an undergraduate like MS office, SQL etc. that helps the individual to work effectively on systems for various tasks assigned to them. ï‚·Time management skills:- In order to complete the respective tasks on time and with effectiveness, Students are required to have time management skills that can helps them to be on right track for their academic as well as career goals. CONCLUSION From the above report it is been concluded that the business functions in Rio Tinto is having an effective interrelationship with each other. They work together for achieving business growth and to bring organisational profitability. Report also concluded that there are different skills and techniques that undergraduate student have to adopt for working effectively with respect to assigned tasks and achieving their academic goals. 2
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REFERENCES Books and Journals Albertoni, F., Elia, S. and Piscitello, L., 2017. Complementing the reshoring of manufacturing activities: the relocation of business functions. InReshoring of Manufacturing(pp. 57-75). Springer, Cham. Cantù, C. and et.al., 2015. Innovative and networked business functions: customer-driven procurement.Journal of Business & Industrial Marketing. Drew, S., 2018.The student skills: guide. Routledge. Zhou, K.G. And et.al., 2015.System for user guidance for connecting business functions. U.S. Patent Application 14/135,547. 3