Role of HR, Marketing and Finance Functions in Mark and Spencer

INTRODUCTION TO THE
BUSINESS

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Role of HR, Marketing and Finance Functions...........................................................................3
Evolve an understanding of collaborative working practices in organization.............................4
Demonstrate knowledge of the role of financial management....................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Organization is combination so many activities for generate profit and revenue with
effective performance in the competitive market. Impressive business manager or business
developer include so many activities for proper strategic company expansion (Narendran, 2021).
Mark and Spencer is retail service provider n UK. They are mainly sold cloths, food products
with their own label. This report will provide idea about how various business departments are
managed their different aspect for organization growth. This report also gives idea that how
company can manage effective relation with employee.
MAIN BODY
Role of HR, Marketing and Finance Functions
According to the competitive and effective market policies, organization is follows some
activities for effective utilization of all the resources. Every activity which is beneficial for
organization growth and their success is important part. Planning and strategy for innovative
organization development is difficult task. Mark and Spencer is large retail industry they have
great team of human resource which are essential for the overall business success. They use
various techniques for the management of their marketing and finance activities. So the functions
of different essential aspects of organization are as follows,
Human resource functions:
HR is important role for organization performance. Human resource management
department has so many responsibilities to make impressive business performance like employee
recruitment, training, selection, hiring etc. Mark and Spencer HR team follow some rules for
business management like they prepare proper structure for the recruitment. According to recent
trend they use advertising technique for the new employee selection, And also they provide
effective training with the helps for technology advance. Business plan takes so many things for
their development and their survive in the market (Allal-Chérif, Simón-Moya and Ballester,
2021). Effective human resource management team can directly affects the sales and profit of the
company, because employee work force is totally depends on their selection process.
Marketing function:
Almost every one knows that marketing activity is essential for part organization because
it increases the overall sells ad profit. Marketing experts are developed new things they prepare