Importance of Different Functions and Their Interrelationship

This report discusses the importance of different business functions and their interrelationship in achieving success in universities. It focuses on marketing, finance, human resource, and operations/production departments. It also emphasizes the development and evaluation of academic skills for overcoming graduation challenges.

GRADUATE CHALLENGE

INTRODUCTION
Nowadays students are facing academic challenges due to lack of academic skills and
knowledge of techniques to achieve success in universities. It is essential to understand
various functions operated in a business and their interrelationships with each other.
Sainsbury is a leading brand headquartered in UK with its chains operating in different
countries. This report shows the importance of different business functions.
Importance of different functions and their interrelationship
1. Marketing- It is one of the integral function which deals in selling, distributing,
market research and promoting with the aim of delivering customer satisfaction. It
helps in attaining overall objectives of a company and in developing strategies at
functional level as well as top level. It helps the management of a company in making
key decisions with its market research insights. It is central to all the other
departments and provides support in their operations. Sainsbury operates its
marketing function cooperatively in relation with other departments. It has a robust
marketing team utilizing various tools and methods optimally which helps in
achieving years of success and reputation.
2. Finance- It is the heart of an organization which pumps and circulates blood to all the
other major heads in a company. It is the source of funds in a company dealing with
financial statements, cost management, budgeting and investing etc. This helps in
taking sound financial decision and distributing funds in a company. It helps other
departments by providing financial insights and key information in their workings.
Financial data reflects the overall performance of a company as well as contribution
of various departments. It is done with evaluation techniques and finds out critical
deviations. Sainsbury has a strong financial department which leads all the other
activities for meeting its objectives.
3. Human Resource- It plays an important role in shaping work culture and recruiting
employees in company. HR helps in fueling fresh talents and managing employees
training, career development, redressing conflicts etc. Thus, it is focuses on the people
of an organization and helps in its growth. People are the most important assets and
leads in building competitive advantage. Sainsbury has effective people which
generates overall profits to the company. HR team helps other departments by
maintain performance records of each individual in their teams.
4. Operations/ Production- This department controls the production methods and
techniques for satisfying emerging needs. It helps in developing and shaping products
of a company. It plays an important function in packaging, designing and researching
which leads to innovation. Sainsbury has a strong team which procures quality raw
materials to maintain standards and customer satisfaction.

Academic skills
It is important to develop and evaluate academic skills for achieving success in
university. It includes time scheduling, teamwork, communicating, management,
analyzing, reasoning and decision making skills. It can be develop with practice and
utilizing techniques for their evaluation. It helps in enabling right behavior and
shaping attitudes in learning of academics in university.
CONCLUSION
Academic skills are necessary to overcome the graduation challenges to inculcate
right behavior in students. It helps in better understanding of various functions in an
organization.