Evaluate the Role and Importance of Business Functions in Tesco PLC

This report evaluates the role and importance of various business functions in Tesco PLC and how they link together. It focuses on finance, operations/production, marketing, and human resources.

Graduate Challenge –
Business Report

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Evaluate the role/ importance of the following business functions and show how they link
together...................................................................................................................................1
Finance...................................................................................................................................1
Operations/ Production...........................................................................................................1
Marketing...............................................................................................................................1
Human Resources...................................................................................................................1
How Business Functions link Together..................................................................................2
Conclusion.......................................................................................................................................2
References........................................................................................................................................3

INTRODUCTION
Present report will be focusing on different range of organisational functions which interconnects
with each other and help the company to effectively operate its business at national or
international market. Company that has been taken into consideration in this report is Tesco
PLC.
MAIN BODY
Evaluate the role/ importance of the following business functions and show how they link
together.
Finance
This is said to be one of a crucial business functions in a firm, which is responsible for
handling the organisations' finances or, in other words, a company's investments (Demmou,
Franco and Stefanescu, 2020). Throughout this, it can even be noted that such a position is
involved in budgeting and the consequent availability of capital to each department as needed. In
Tesco PLC, such department is responsible for ensuring that perhaps the company's costs need
not surpass the target, so the organization doesn't really incur losses.
Operations/ Production
Another very significant firm's feature is to be involved in the development of the
product's performance. This may help organisations' to fulfil the requirement placed on the
international economy by clients. In context of Tesco PLC, production unit or function is
conducted in a way that can guarantee its general publics supply of high-quality products
(Mahlangu, 2018).
Marketing
It is the division specific with a business that plays the role of making customers
knowledgeable including its goods and services that it offers throughout the globalised world
(Kotabe, 2020). This role of the business provides basis for the establishment of lasting
relationships among the enterprise as well as its clientele in this context. Tesco PLC ‘s marketing
feature aims to build a supply for its buyer personas by making a pitch to possible future clients
all over the world.
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Human Resources
One such function of a company is primarily responsible for managing the human
resources functioning all along limits of an organization (Bustinza, Vendrell-Herrero and Baines,
2017). In this regard, it has been studied that this position is involved in the implementation of
activities such as employee performance & assessment , training & development, recruiting &
hiring, employee development, and so on. The HR role inside the framework of Tesco PLC
guarantees that a healthy workplace conditions is generated also on organisational premises by
means of such processes and activities.
How Business Functions link Together
Every one of these capacities cooperate as a community oriented unit to get discipline the
business tasks and smoothing out all the hierarchical exercises. This further helps the association
in doing development and improvement, and further opening entryways for extension over the
long haul. The strong working of all the business capacities inside Tesco PLC permits the store
monster to enlarge its incomes by offering great types of assistance to the clients in market.
Conclusion
It is concluded that the business capacities in an organization cooperate in a firm way for
the accomplishment of authoritative objectives and destinations. This gives an edge to the
organization over opponent firms in a similar industry.
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References
Kotabe, M.M., 2020. Global marketing management. John Wiley & Sons.
Demmou, L., Franco, G. and Stefanescu, I., 2020. Productivity and finance: the intangible assets
channel-a firm level analysis.
Mahlangu, N., 2018. Destination management organisational functions in advancing business
tourism (Doctoral dissertation, University of Pretoria).
Bustinza, O.F., Vendrell-Herrero, F. and Baines, T., 2017. Service implementation in
manufacturing: An organisational transformation perspective.
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