Introduction to Business Studies

INTRODUCTION TO
BUSINESS STUDIES

EXECUTIVE SUMMARY
These report describe the structure of organisation and various department in the
organisation. Marketing Department, Human Resource Department and Finance Department has
been describe below in this report. It has also explained about the importance and benefit of team
work in achievement of organisation goals .Lastly, this report explained about financial
management and its importance and purpose of reporting.

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Departments of Amazon..............................................................................................................4
Marketing department..................................................................................................................4
Human Resource department.......................................................................................................5
Financial department:..................................................................................................................5
Importance of Team work:..........................................................................................................6
Interrelation of various departments............................................................................................6
Financial Management.................................................................................................................7
Importance of financial management:.........................................................................................7
Reporting.....................................................................................................................................7
Balance sheet...............................................................................................................................7
Profit and Loss account...............................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Amazon is an American multinational technology which was founded by Jeff Bezos in
July 5, 1994, in Bellevue, Washington, United State. It mainly deals in consumer electronic, E-
commerce, Digital distribution, E-commerce and grocery. On the basis of revenue and market
capitalisation amazon is the world largest online place. In this report amazon has been taken as a
company .The report explain about the important of various department in Amazon Company. It
discuss about the benefit of working in team or collaborative work in an organisation for the
success of Amazon Company. The report has also explain about importance of financial
management for a company and the purpose serve by various financial accounts.
MAIN BODY
Departments of Amazon
Organisation can be defined as an institution comprising of multiple people working
together as a team for achievement of particular objectives. So the company divided the work
among employee and task are assign for attainment of predefined objectives. It helps
organisation in coordination of work of employee and procurement of resources for attainment of
company goals. Amazon is a huge organisation with second largest employer in United States
and world's largest online market place in term of revenue generation. There are various
department in an organisation such as Marketing, Accounting, Personnel, Production, and
Administrative. Amazon also has various other departments such as Production, Research and
Development, Purchasing, Marketing, Human Resource Management for smooth functioning of
business. As amazon deals in varieties of product and services there are various department to
perform a specific task .Thus the company can easily coordinate the work of different aspect of
worker by the help of department heads as it deal in variety of products. Department lead to
division of labour and specialisation that benefit the company as it increases efficiency, reduce
cost due to specialisation.
Marketing department
It is the most crucial department of organisation as it generate sales by satisfying the
needs of the customers. Marketing promote the product or service by proving a brief about its
quality, use and value of products. Amazon markets its product online by providing various
offers and discount to the customers. Marketing play various role in generation of sales such as
use of various marketing tools, increase brand value, and build relationship with customer.