Introduction to Business Studies

Introduction to business
studies

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Role of human resources.............................................................................................................3
Role of marketing........................................................................................................................4
Role of finance............................................................................................................................4
Collaborative working practices.................................................................................................5
The role of financial management...............................................................................................6
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business studies is a study in which analyse the market position, how to make the budget
for investment. This subject is studied in schools, collages and university, so that students are
looking forward to become a excellent enterprenuer. Students are able to willing acquire new
innovation. It also involve the component of accountancy, finance, marketing, organisations
theories and operations. This study is wide in social science and studies, human resource
management, man power planning, e-commerce and marketing which includes the overview of
the enterprise for start up new business. This reports includes the role of human resources,
marketing and function with the organisation and the understanding of collaborative working
practices and the act of financial management. In the context of Tesco limited. Tesco is British
multinational company which deals in grocery, clothing and other segments(Ghauri, Grønhaug
and Strange,2020).
MAIN BODY
Role of human resources
HR plays very important role in every corporation. Which operations the function of selection,
recruitment, workforce of the company, organisation sector, enterprise or economy of the
company. Human resources looks forward in different variations of the candidates In terms of
law of labour, salary structure, incentive, standards, and advantage for the employee, so in this
act personnel feel happy . This thing build good relationship between employer and the
employee. Because HR full-fill the needs of the personnel in best way along with the efforts.
This role gives advantage to the company and the employees so business are able to run
smoothly which emphasises excellence towards the company. Human resources involve the
performance, training skills, researches, employee, potential, leadership skills and recruiting. In
the relation of Tesco , the act of human resources manager are present the various task for
everyday to complete the projects and gives best results. There are some points to cover the act
of Human Resources:
Recruit candidates-
The first part of human resources have to analyse the company after that understand the industry
needs, what is need of the company for expand the business, give right job to right person, those
specialised in particular field. When Human resources do their selection process for the