This report analyzes the importance of management functions in Sainsbury and how they enable business managers to operate with high efficiency standards. It focuses on marketing operations, finance operations, production operations, and human resources.
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Table of Content INTRODUCTION...........................................................................................................................3 Marketing operations.......................................................................................................................3 Finance operations...........................................................................................................................3 Productions operations.....................................................................................................................3 Human resources..............................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION Business management can be understood as an integral understanding of the business operationswherefundamentaldecisionsareanalysedbyfocusingonmarketing,finance operations, production and human resources. Sainsbury is one of the largest retail brand of UK with numerous stores and large variety of products and services catering to the advanced preferences of customers. This report analysis explains the importance of management functions and how they enable business managers in Sainsbury to operate with high efficiency standards. Marketing operations Sainsbury company lays high emphasis to marketing function of management as the big retail brand has large business scale regulations in products and services where it aims to reach thesetcompanyperformancegoals(Barrena‐Martinez,López‐FernándezandRomero‐ Fernández, 2019).The brand uses innovative technology to promote the products and services on global scale, along with partnerships among new brands coming up who have been able to positively impact customers.For example Sainsburyperforms marketing in market place by performing different activities like advertisement and social media marketing.Strong marketing enables Sainsbuty to deliver customer satisfaction services with large efficiency standards and maintain the established brand goodwill. Finance operations Sainsburyfinancedepartmentlayshighimportancetoplanningandallocationof resources and utilization of funds for reaching the set benchmarks with strong efficiency. The company has large number of stores in domestic as well as international market where the finance operations has huge role to employ appropriate resources into all functional areas and regulate the operations with established goals and benchmarks.Finance operations determine the key areas where Sainabury will invest in future and what percentage of capital needs to be deployed for increased profit margins (Davis, and Comeau,2020). Productions operations Production is one of the most crucial area where Sainsbury lays importance by bringing in more innovative products and services where advanced technology and equipments are used in production. Proper training of advanced skills are given to employee working in production department which enables company to establish cost-effectiveness and bring efficient quality
products.Sainsbury aims to deliver innovative products according to changing preferences of customers for establishing firm position in the industry and entering into new sectors of business. Human resources Human resources are the most vital department of Sainsbury as the company lays high importancetodelivercustomerssatisfactionserviceswithefficiencyandrecruittalented employees with advanced skills. The human resource department has the role to keep ethical working conditions for employees and keep them motivated with intrinsic as well as extrinsic factors. Leaders in Sainsbury take training sessions of employees where they are encouraged to use modernized technology and equipments with efficiency and reach the set company goals along with profitability margins (Myers, 2019). In Sainsbury Human Resource management perform training and development activities for employees to keep them upaed with latest market trends. CONCLUSION Marketing, finance operations, production and human resources are the most important functional areas of management in Sainsbury which allows top business management to take strongbusinessexpansiondecisions.Effectivecompletionofthesefunctionswithhigh performance standards enable Sainsbury to establish as competitive brand with high goodwill in dynamic business culture among other competitors brand in world.
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REFERENCES Barrena‐Martinez, J., López‐Fernández, M. and Romero‐Fernández, P. M., 2019. The link betweensociallyresponsiblehumanresourcemanagementandintellectual capital.Corporate Social Responsibility and Environmental Management. 26(1).pp.71- 81. Davis, C. H. and Comeau, J., 2020. Enterprise integration in business education: Design and outcomesofacapstoneERP-basedundergraduatee-businessmanagement course.Journal of Information Systems Education. 15(3). p.8. Myers, M. D., 2019.Qualitative research in business and management. Sage Publications Limited.