Role of HR, Marketing, and Finance Functions in Organizations

CW1 Portfolio

EXECUTIVE SUMMARY
All the functions of Management are equally important and plays a vital role in the success
of organisation. It is seen that the most important functions in an organisation our marketing
finance as well as human resource full stop in this report there is discussion believed it to all the
functions of Management as well as how culture helps the organisation in collaborative working.
Along with that the finance department has to formulate various reports for their functioning
smoothly the discussion related to same is also done in this report.

Contents
EXECUTIVE SUMMARY.............................................................................................................2
1. INTRODUCTION.......................................................................................................................5
MAIN BODY...................................................................................................................................5
2. Describe the role of HR, Marketing and finance functions within organisations..............5
3. Develop an understanding of collaborative working practices in the Body shop..............6
4. Financial management and reporting within the Body Shop.............................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10
Books and Journals:..............................................................................................................10
Appendix........................................................................................................................................11
LO1................................................................................................................................................11
LO 2 and 3.....................................................................................................................................12

1. INTRODUCTION
There are various functions of Management that help the organisation to work in an
effective and efficient manner. The report is based on body shop which teams in skincare
cosmetics and perfumes (Opstad, 2018). It is a multinational organisation that has its franchise
stores in around 65 countries. In the current report there is discussion related to role of finance,
marketing and HR in the organisation. The importance of collaborative working practices in an
organisation or also discussed. Finance is one of the vital functions and helps in formulating
reports of the organisation.
MAIN BODY
2. Describe the role of HR, Marketing and finance functions within organisations
There are various functions in an organisation that are responsible for the smooth working
of the company (Colli and Perez, 2020). It is important to know that all the functions have their
own nature and all of them are important for the company. In relation to Body Shop the main
functions are discussed below:
2.1 Describe the role of HR within the Body shop
The human resource management plays a vital role in an organisation. They are the one
that manages the humans that is working population of the company. The human resource
department recruits the employees as well as motivate them to work effectively. The HR
Manager is responsible to manage the conflicts if any arise in the organisation (Olalla and
Merino, 2019).The human resource of Body Shop plays a vital role by analysing the demand of
employees and feeling the vacancies with the most talented employees that can work for the
organisation achieves their goals and objectives. It is seen that the organisation has proper
training and development that is provided by the human Resource Department. All the conflicts
that arise are also solved by the HR of the organisation on timely basis that helps in success of
the organisation
2.2 Describe the role of Marketing within your chosen company
Marketing is the process that is used by company to enhance the sales of the product
service that they are offering. It is said to be most important function of the organisation that
helps to persuade the buyers and attract them towards the organisation. The sales of an
organisation depend upon how effectively they are able to market their goods and services. In

relation to Body Shop the marketing department takes care of the needs and wants of the
customers and then tells the production department to manufacture the same. It is seen that it
helps to get the needs and wants of customers in an effective manner. Along with this Body Shop
is also focuses on digital marketing as it helps to attract more customers via Internet.
2.3 Describe the Finance Functions within an Organisation
Finance is called lifeblood of an organisation. It is seen that Financial Management is one
of the prominent activity in an organisation. It helps to know about the requirement of money
and availability of money in the organisation (Nicolescu and Nicolescu, 2019). Financial
function also helps to know about the utilisation of funds and how to earn benefits with its use.
In relation to Body Shop finance is considered as a major department as it helps to manage the
money of business. All the budgets are formulated by finance department and the liquid position
of the company is also maintained due to effective working of the financial department. The
Finance Department analyse the need of fund and decide the best source that will benefit the
company and will help them to operate effectively.
3. Develop an understanding of collaborative working practices in the Body shop
Culture plays a vital role in the success of an organisation. It is seen that culture is set of
beliefs, values and norms that are followed in the organisation. In relation to Body shop it is
multinational organisation and supports diverse culture (Lundan, 2018). The company takes
cares of all the employees and treaty all the employees equally. As it helps them to work
effectively and maintain good working environment.
Charles Handy's concept of organisational culture