Introduction to Business Studies

Introduction to
business studies

Contents
Introduction.................................................................................................................................................3
Task 1..........................................................................................................................................................3
Evaluate the role of human resource marketing and Finance functions in an organisation......................3
Task 2..........................................................................................................................................................4
Create an understanding of collaborative working practices in a company.............................................4
Task 4..........................................................................................................................................................5
Demonstrate knowledge about role of financial management and reporting in a company.....................5
Conclusion...................................................................................................................................................6
References...................................................................................................................................................8

Introduction
Business is determined as a company or any business entity that is engaged in in
commercial professional or industrial practices. A business unit sell their products and services
for the profit or non-profit motive at the potential market place (Andersson, Cuervo-Cazurra and
Nielsen, 2020). Organisation selected for respective report is Unilever that is conducting its
business in consumer goods industry. Its head office is located at London United Kingdom and it
is founded in year 1929. Respective company offer wide Range of products such as beauty and
personal care food and refreshment cleaning products and so on. This report include information
related to rule of different departments in a company as well as it also include knowledge based
on collaborative working activities. Along with this it include role of finance management in an
organisation.
Task 1
Evaluate the role of human resource marketing and Finance functions in an organisation
In an organisation there are a number of functions performed by different departments
such as human resource, Finance, marketing, operational and many others. From all these
departments most essential and common functions are human resource, marketing and Finance.
These all functions perform several roles so that company can attain its desired goal, explanation
of all these functions in respect of Unilever are given below:-
Role of Human Resource function - Human Resource Department plays number of essential role
in the company such as recruitment learning and development performance management and
many others (Dimbleby and Burton, 2020). One of the main role of Human Resource function is
to conduct planning according to the requirement of company, in this HR Manager conduct
evaluation within an organisation so that they can understand requirement of different
departments and employees accordingly which they plan strategies or policies. Another role of
HR function is related to recruitment and selection according to which HR manager conduct
interview and selection process so that they can hire best candidate for the racket position. Along
with this human resource function also do performance management of employee so that they
feel motivated at the workplace and conduct their work in bestway.