Role of Different Organisational Functions in Tesco
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This report contextualizes Tesco and discusses the role of different organisational functions in promoting products, managing finances, production, and human resources. It also emphasizes the importance of these functions working together to achieve organisational objectives.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Role of different organisational functions...................................................................................3 Importance of functions working together..................................................................................4 CONCLUSION................................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION Business functions can be defined as activities that are carried out by the organisations in order to achieve their organisational objectives. This report will contextualise Tesco, British multinational groceries and general merchandise retailer. This report will discuss role of different organisational function along with importance of these working together well. MAIN BODY Role of different organisational functions Marketing This function is concerned with activities with help of which Tesco promote its products and brands. This has important role in increasing sales and growth of business of Tesco. This involves but is not limited to activities like market research and advertising (Mahlangu, 2018). Marketing plays role through which Tesco can identify and understand demand of customers, produce marketing and promotional activities. Finance Finance is another functional area in organisations and is one of the most important functions that are carried out in organisation. Finance is concerned with activities like financial management, accounting, budgeting, and management of cash flow. Finance function in Tesco also plays important role in determination of financial targets of the company and plan profits and cost of the company. Operations/Production Operations or production is concerned with the activity or activities through which inputs like material, resources are converted into output or products that can be utilised by customers of the company. Operations or production function involve planning of production in terms of quality and quantity of the production and this is followed by undertaking production activities so that Tesco can provide required products to its customers.
Human Resource Human resource activities are those activities with help of which Tesco ensures that it has right kind of manpower in organisation (Berman and Thelen, 2018). Other than this, HR function also plays role in salary and wages and its distribution, training and development of employees and on boarding of employees and other functions that are related to employees of Tesco. Importance of functions working together Marketing, finance, production and HR all these functions are carried out separately to achieve individual functional objectives. But in order to achieve organisational objectives of Tesco it is important functions are carried out together or they are effectively coordinated. This is becauseitisnotpossibletosuccessfullyachieveorganisationalobjectiveswithoutthat. Importance of functions working together is as follows- Working together with HR ensures that Tesco and different departments within Tesco has effective manpower to carry out all organisational functions. Byworkingtogetherproductionandmarketingcancontributeinorganisational objectives of customer satisfaction. This means that marketing undertakes function of market research regarding customer requirements and production ensures that products are developed accordingly. Working together with finance is important as with help of finance all other functional department remain aware of their contribution in achieving financial objectives of Tesco (Martínez-Sánchez, Vicente-Oliva and Pérez-Pérez, 2020). Along with this, budget of different departments are also prepared by finance. CONCLUSION On the basis of above discussion, it can be concluded that all functions play important role in operations of organisations. Effective coordination of these functions is highly important for attainment of organisational objectives.
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REFERENCES Books and Journals Berman,B.andThelen,S.,2018.Planningandimplementinganeffectiveomnichannel marketing program.International Journal of Retail & Distribution Management. Mahlangu, N., 2018.Destination management organisational functions in advancing business tourism(Doctoral dissertation, University of Pretoria). Martínez-Sánchez, A., Vicente-Oliva, S. and Pérez-Pérez, M., 2020. The relationship between R&D,theabsorptivecapacityofknowledge,humanresourceflexibilityand innovation: Mediator effects on industrial firms.Journal of Business Research.118. pp.431-440.