Introduction to Business : Assignment
Added on 2020-12-18
10 Pages2714 Words142 Views
Professional DevelopmentEconomics
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INTRODUCING TOBUSINESS 1
Table of ContentsIntroduction......................................................................................................................................3Functional areas and hierarchy of management...............................................................................3Communication in Leadership and Management............................................................................5Drivers of Globalisation and their impact on businesses.................................................................6Comparison of styles of Leadership/Management..........................................................................7Conclusion ......................................................................................................................................8REFERENCES..............................................................................................................................10
IntroductionBusiness refers to an activity of making money by developing or buying and sellinggoods. The business is controlled by managers and leaders who look out for the activities andoperations performed by the workforce in order to achieve the organisational goals. Thesemanagers and leaders needs to have suitable skills so that they can perform their role effectively.The taken organisation in this assessment report is Rowlinson Knitwear which is a clothmanufacturer based in United Kingdom. The company is providing personalised school weargarments and corporate wear garments. This report will discuss the various functional areas andhierarchy of management adopted by the taken firm. Further drivers of Globalisation and theirimpact on businesses and the comparison of styles of Leadership/Management in the takenbusiness will be discussed.Functional areas and hierarchy of managementRowlinson Knitwear is a UK based cloth manufacturer which is the leading supplier ofpersonalised school wear garments and corporate wear garments to the independent retail marketof United Kingdom. This company is medium sized organisation which is conducting itsbusiness operations in UK. The firm was started in 1939 with an aim to become one of theleading suppliers of the garments in UK (Aithal, 2016). The firm has various functional areassuch as sales, operations, finance and quality check who are contributing their maximum effortsfor raising the productivity and profitability of the company in UK market. These areas arediscussed below:Finance: This department is responsible for providing the money to various businessdepartments for ensuring the smooth flow of business operations. This department assistthe Rowlinson Knitwear in purchasing the various tools and equipments which areessential for business operations so that they can perform their work without facing anymonetary barriers. Finance manager prepare budgets and allocate finance to differentdepartments so that operations and activities can be run smoothly and effectively. Sales and marketing: This department of the Rowlinson Knitwear deals with the clientsin order to promote the products of the company in the market. Marketing departmentprovide the insight of market to the business functions in order to develop products whichcan fulfil the needs of their targetted customers. This marketing department also publish
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