Role of HR, Marketing, and Finance Department in Business Studies

Within large entity such as TESCO, there are
various functions that are performed through
finance, marketing and human resources
department. Some roles which are played by all of
them in TESCO are discussed below:
Role of human resources:
 Training and development: There are
various changes that are occurring within
business atmospheres. So, for being
upgraded as well as up to date with whole
that modifications, this is essential for them
that their staffs within firm are competent
as well as well trained. Thus, human
resources department needs to facilitate
Role of finance department
 Financial planning: For successfully deal with
whole marketing operations this is vital that
appropriate budget are planned through entity as
well as assigned among various departments.
Within TESCO, finance department is essential as
this assist them to accomplish whole these
monetary requirements as well as planning.
 Financial decisions and control: The TESCO’s
financial department is accountable for
performing whole physical practices which are
undertaking within entity. In addition to this, it is
vital that they are facilitating much information so
that
as well as development session to staff with TESCO
so that they could successfully deal with the
modifying external business surroundings.
 Staff relations: This becomes essential for
entity to assure that staff relations into firm
are successful. Moreover, the department of
human resource within TESCO is
accountable for assuring that effectual as
well as open communication among whole
staff in workplace is undertaking so that they
may perform together towards the objectives
without any disputes or grievances.
 Recruitment: Recruitment is considered as
the fundamental accountability of human
resource department within TESCO that the
professionals within human resources
department are needed to accomplish into
vacant post of various jobs with competent
persons. Moreover, this is essential as these
people would assists entity for successfully
accomplishing overall objectives in effective
and efficient manner (What is the role of
Introduction to Business Studies
Role of HR, marketing and finance department