Importance of Different Departments in an Organization
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Added on 2023/01/12
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This report discusses the importance of different departments in an organization, using Sainsbury as an example. It covers the roles and significance of the finance, human resources, marketing, and production departments. Additionally, it highlights the academic skills and techniques important for undergraduate students.
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Table of Contents INTRODUCTION...........................................................................................................................3 LO1..................................................................................................................................................3 Importance of different departments of an organization.............................................................3 LO3..................................................................................................................................................4 Academic skills and techniques important for undergraduate student........................................4 CONCLUSION................................................................................................................................4 REFERENCES................................................................................................................................1
INTRODUCTION Successful business come with a lot of efforts put by different departments of an organization. The different departments have a different role to play in an organization which are crucial for achieving different business objectives. In this report, Sainsbury is taken as an organization. It is a supermarket chain in UK which provides various products from groceries to homewares, clothing and electronics. This report is about different roles and importance of business function and the skills essential for an undergraduate student to be successful. LO1 Importance of different departments of an organization There number of functional departments in an organization and each department has its own role and objectives to play which are essential for the business (Guo and et.al, 2017). Importance of different departments are stated below. Finance The finance department works on analysing the financial position of the business which helps in taking various decision related to business. It also provides budgets and plans required for executing business plans (Gartenstein, 2019). It assists in making investment decisions. In Sainsbury, its finance team is very efficient to work in coordination with each other and is a team of highly professional individuals. Human resource The human resource department of an organization are responsible for maintaining the required workforce (Stewart and Brown, 2019). It includes recruitment, selection, training and development of employees, complying with employment laws, motivating the employee and establishing a positive work environment (Banfield, Kay and Royles, 2018). In Sainsbury, HR team is very efficient in meeting with its roles and responsibilities. Marketing The marketing department plays many roles for the success of the organization which includes market research, price fixing, analysing the demand and supply of the product and also helps in determining the changing trends and consumer taste (Kirova, 2017). In Sainsbury, the marketing team is highly efficient in identifying the and analysing the competitive position of the business with respect to threats and opportunities available. Production
The production department is responsible for making sure the production process is working as per the requirement (Jones and Kierzkowski, 2018). It requires managing the production of products. Its major role is to maintain proper inventory of material and products to meet the demand. Also, it is responsible for maintenance of the machinery. In Sainbury, its production team works in coordination which helps in achieving effective performance and productivity. The different function of various departments are required to work in coordination with one another to effectively run the business. Each and every department is related to each other. For example, finance department will provide budgets to different department based on its requirement to carry out the activities for a specific period. Similarly, other department are also connected. LO3 Academic skills and techniques important for undergraduate student The different skills essential are stated below (6 Academic Skills Every Successful Student Needs. 2020). Communication skills Problem solving skills Analytical skills Presentation skills Note taking skills Numerical skills CONCLUSION Itcanbeconcludedfromabovethatforproperandeffectivefunctioningofan organization it is very essential to have smooth functioning of different departmental functions. Also, some crucial skills which are required by the undergraduate student in order to achieve success.
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REFERENCES Books and journals Banfield, P., Kay, R. and Royles, D., 2018.Introduction to human resource management. Oxford University Press. Guo, L. and et.al, 2017. Different departments, different drivers.International Journal of Operations & Production Management. Jones, R. W. and Kierzkowski, H., 2018. The role of services in production and international trade: A theoretical framework.World Scientific Book Chapters.pp.233-253. Kirova, V., 2017. Exploring the role of strategic marketing department.Journal of Marketing Development and Competitiveness.11(2). Stewart, G. L. and Brown, K. G., 2019.Human resource management. John Wiley & Sons. Online 6AcademicSkillsEverySuccessfulStudentNeeds.2020.[Online].Availablethrough: <https://www.youniversitytv.com/college-tips/6-academic-skills-every-successful- student-needs/>. Gartenstein, D., 2019.What Roles Does the Finance Department Play in a Business?. [Online]. Available through: <https://bizfluent.com/facts-5683333-role-finance-department-play- business-.html>. 1