Importance of Business Functions in a Company

This document discusses the importance of business functions in a company and how they are interconnected. It explores the roles of human resources, marketing, finance, and operations in achieving business goals and objectives. The document also highlights the significance of each function and their interlinkages.

GRADUATE CHALLENGE

TABLE OF CONTENTS
MAIN BODY..................................................................................................................................3
REFERENCES................................................................................................................................5

MAIN BODY
Business functions and there importance in the business: -
Human resource : - Human resource refer to the function of business which control all the
business function related to human resources of the company. They work for the company in
maintaining all the business requirement to human resource and employees, they work to provide
the best employees for the organization and HR of Tesco is providing the best human resources
for the company so that company can achieve all the business goals and objective. HR is
connected to all the other business functions like operations, marketing, finance and it . Every
part ofo business functions are interlinked with other part of business. HR are linked to
marketing so that people get aware about the job position and finance gives the money to
marketing team so that they can spend the money to do marketing and HR (Macchi, Savino and
Roda, 2020). Operations team focus in providing all the operations works related to every part of
business and at last IT helps the company maintaining the business activities and provide them a
great IT solution to them.
Marketing : - Marketing works in promoting the business operating work and also helps in
development of business product. Tesco provide one of the best marketing process in market as
they are making the best marketing strategies for there product in market which are also helping
the business of Tesco in getting more of the audience and also providing th best of business in
the market. Marketing is lined with all the other functions as the HR is linked in providing the
best employee and hiring the best employees for Tesco so that they can work best for the
company and finance helps in providing the best salary and promotional finance to company in
making marketing strategies and operations to calculate the production according to the
promotional activities of the Tesco.
Finance : - Finance of the company works in providing the best financial objective on which
Tesco made other objective to overcome the goal. Finance of the company is to make the
financial structure better and also make them used in the best ways so that company does not
stuck or lack in future. Every function is related and linked to finance as without the financial
help the business functions cant perform to their best and every function need money to perform
and they are linked to finance some or the other how.
Operation : - Operation management refer to the process of business in which they focus in the
production of product and services (Tavana, 2017). They are interlinked with all the other
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functions of business and they need to make sure that they are interconnected so that Tesco can
perform to their best in the market.
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REFERENCES
Books and Journals
Macchi, M., Savino, M. and Roda, I., 2020. Analysing the support of sustainability within the
manufacturing strategy through multiple perspectives of different business
functions.
Tavana, M. ed., 2017. Enterprise Information Systems and the Digitalization of Business
Functions. IGI Global.
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