Introduction to Business Studies

Introduction to Business
Studies

INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Describe the role of HR, Marketing and finance functions within organisations........................3
Develop an understanding of collaborative working practices....................................................5
Demonstrate knowledge of the role of financial management and reporting within the
organisation ................................................................................................................................5
CONCLSUION................................................................................................................................6
REFRENCES ..................................................................................................................................8

INTRODUCTION
Business studies are those studies which helps in developing knowledge related to
business and various aspects of it. Such studies covers variety of topics that has been helping in
attaining knowledge about different subjects related to business. Business studies are one of the
most dynamic studies as it deals with those factors that has been helping in developing business
in appropriate manner. Also these studies has capability to develop interest of an individual
within business and ways to do business. Scope of such studies are wider as it covered all kind of
subjects related to business. Nature is dynamic as such studies develop an idea about elements
required to set up a business. In this this file the organization that has been taken is Sainsbury.
This file covers about HR, marketing and finance functions. Also internal and external factors is
being discussed. In the end role of financial management and report has to be explained.
MAIN BODY
Describe the role of HR, Marketing and finance functions within organisations
Human resource: This is considered to be that division of business that has been formed
in order to make sure that screening, recruiting and training person selected. In this employees
beneficial program is conducted by Human Resources Management. It plays very important role
in helping organization to deal with fast-changing business environment and also helps in
dealing with employee’s selection process. Role played by human resource in Sainsbury has
been explained as follows:
Hiring from within and outside: This is one of the most important role and key part that is played
by Human Resource Management. In it a person is been hired by human resource manager of
Sainsbury from inside and outside. Inside training helps in making an organization helps in
filling jobs from existing employees. Also it helps developing saving cost as employees knows
working pattern within an organization. If right talent is not found then organizations goes for
outer hiring in which proper interview is taken and training is given about the environment, skills
and knowledge over the working platform of an organization (Giuliani, Santangelo and
Wettstein, 2016). ss