Introduction to Business Studies

This report evaluates the role of HR, Marketing, and finance function within the organisations and the collaborative working which has been growing over the years. It further discusses Financial Management and Reporting in organisations.

INTRODUCTION TO
BUSINESS STUDIES

TABLE OF CONTENT
 INTRODUCTION
 MAIN BDOY
 CONCLUSION
 REFERENCES

INTRODUCTION
 This report evaluates the role of HR, Marketing, and finance function
within the organisations and the collaborative working which has been
growing over the years.
 This report further discusses Financial Management and Reporting that
is done in organisation.
 This presentation discusses different functions of Sainsburys.
 The Sainsburys is a reputed retail organisation of the United Kingdom.
 It currently has very large customer base in own home country the UK.

MAIN BODY
 An understanding of collaborative working process
 Collaboration is an essential factor for small and large businesses.
 It creates environment where people can work and communicate with other
freely.
 Collaborative work practices bring change in environment at workplace and
gives new dimensions to Sainsburys.
 It is important that employees accept the collaborative mindset and actively
participate in group dynamics.
 Progressive organizations are realizing the value of collaboration and looking
up for ways to foster it within their teams, both traditional and virtual.

CONTINUE….
 The following discussed below is how to create the culture of
collaboration in organisation -
 Assembling people together to solve problems – Now-a-days
organisation's bring together employees from various departments of the
organisation to brainstorm on issue or challenge and present their
diverse perspectives to come up with the innovative idea in order to
benefit to Sainsburys.
 Creating personal connections- Developing bonds with teammates and
colleagues in the organisation helps in making workplace more
comfortable and also differentiate the Sainsburys.

CONTINUE….
 Internal and external factors
 There are SWOT and PEST analytical tools has been used below for
identifying various internal and external factors of Sainsburys.
 SWOT Analysis
 This is a very useful tool which most companies use for knowing the affect
of factors of internal business environment.
 It discusses four key internal factors which has been discussed below;
 Strengths: Currently Sainsburys is the most reputed and leading retail
business within the United Kingdom.

CONTINUE…
 PEST Analysis
 PEST is one more useful tool of analytics that most of ventures has used for
identifying the impact of many external environment factors of business.
 It indicates four key external factors which has been mentioned below;
 Political factors: These factors affect to Sainsburys for fulfilling various duties
that has imposed by local government. For example; taxation.
 Economic factors: Current economic conditions of UK is not much effective to
Sainsburys, in which this factor can negatively affect to company, because present
poor conditions of the UK’s economy will reduce sales ratio of Sainsburys.

CONCLUSION
The following report above describes the role of
HR, Marketing, Finance functions how they are crucial
in an organisation.
It also discusses the advantages and how the
collaborative work practices should be adopted by the
company to build better and differentiate environment.
At last, report demonstrate knowledge about what
is financial management it functions and objective and
how financial reporting play key role in financial
management.

REFERENCES
 Books & Journals
 Bose, S., Dong, G. and Simpson, A., 2019. The Role of Finance in
Achieving Sustainability. In The Financial Ecosystem. (pp. 1-18).
Palgrave Macmillan, Cham.
 Da Costa, J .C. N., and et.al., 2018. The role of marketing
capabilities, absorptive capacity, and innovation performance.
Marketing Intelligence & Planning.
 Ghauri, P., Grønhaug, K. and Strange, R., 2020. Research methods
in business studies. Cambridge University Press.