Introduction to Business Studies

Introduction to
Business Studies

Table of Contents
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
Describe the role of HR, Marketing and finance functions within organisations..................3
Develop an understanding of collaborative working practices..............................................4
Demonstrate knowledge of the role of financial management and reporting within the
organisation............................................................................................................................5
CONCLUSION..........................................................................................................................6
REFERENCES...........................................................................................................................7
Books and journals.................................................................................................................7

INTRODUCTION
Business can be defined as an activity which is related to performing different
operations in order to achieve a profitability level and perform the functions in an appropriate
manner. In context of the present report the chosen organisation is Tesco. It is a British
multinational organisation which is operating in the environment of UK. Organisation is
providing services to number of countries where it was established by jack Cohen in 1919. In
context of the present report it includes discussion about role of HR marketing in finance
function in organisation. Along with this there is also discussion about collaborative working
practices and demonstration about the knowledge of finance management and reporting
(Ghauri, Grønhaug and Strange, 2020).
MAIN BODY
Describe the role of HR, Marketing and finance functions within organisations
There are different departments of the organisation which are for performing their
functions in order to improve organisational functioning as well as achieving better results.
Under this the three major departments are human resources marketing and finance. There are
different roles and responsibilities which are played by this department in organisation will
star as per is also operating with different departments where these three department perform
functions and appropriate manner. There some of these department roles are discussed below:
Role of HR function
Human resource planning is one of the role which is played by HR department of
Tesco. Under this, it performs functions related to hiring the employees and fulfilling the
vacant post within the organisation. One more function which is performed by human
resources department is related to recruitment and selection. Under this, organisation used to
recruit talented employees and select them in order to fill the vacant post as well as fulfil the
requirements of organisation in order to bring human resources (Morris, 2010). It is played by
HR function within an organisation is related to initiating the function of performance
management. Under this role of HR department within Tesco, manger used to perform
various activities which help in managing the performance and achieving objectives.
Learning and development is also function which is initiated by HR function of Tesco where