International Journal of Logistics Research and Applications
Added on 2022-08-23
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Running head: INTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESS
Name of the student
Name of the University
Author notes
INTRODUCTION TO BUSINESS
Name of the student
Name of the University
Author notes
1
INTRODUCTION TO BUSINESS
Executive Summary
This report is aimed to understand and analyse different roles of the operational
departments in the organisation. The company selected for this report is Aldi. The role of the
deportments in the organisations and how they work in collaboration to achieve the success is
discussed in this report. Importance of team work is also discussed in the course of the report.
Two most important department of Aldi, human resource and the finance department roles
are discussed in this report as well. The examples of the team work and the financial reports
are provided as well. The reports like balance sheets and profit and gain reports are explained
as well.
INTRODUCTION TO BUSINESS
Executive Summary
This report is aimed to understand and analyse different roles of the operational
departments in the organisation. The company selected for this report is Aldi. The role of the
deportments in the organisations and how they work in collaboration to achieve the success is
discussed in this report. Importance of team work is also discussed in the course of the report.
Two most important department of Aldi, human resource and the finance department roles
are discussed in this report as well. The examples of the team work and the financial reports
are provided as well. The reports like balance sheets and profit and gain reports are explained
as well.
2
INTRODUCTION TO BUSINESS
Introduction
An organisation and its success depends on the functioning departments and the
workforce. The importance of each of the departments and the process of managing the
whole process effectively is the most difficult job in it. Each of the departments has their own
working process and impact on the company production. Collaboration of the departments
under a organisation makes the production possible. In this report, the researcher would talk
about the working departments of Aldi Company. The importance of collaboration and team
work would be discussed. Along with it, there would be an analysis of how the different
departments of the company work together to solve its financial and human resource issues.
Examples of different reports of the company would be provided for the reference of the
readers.
Role and Importance of Marketing Department, Finance Department,
Human Resource Department
Marketing Department
Marketing departments are the part of the organisations that controls the marketing
strategies and customers’ management. This department has the role of deciding the
marketing plan for the company and implementing the plan practically. Other than that, some
of the sales portion is also controlled and managed by the marketing department (Ogbonnaya
2019). Evaluation of the marketing strategies and to look after how the customers are being
treated and are they satisfied by the service their employees are providing to them.
Aldi uses cost leadership strategy for their marketing. There is no doubt in the fact
that to the marketing department of the company is quote active (Srinivasan and Ramani
2019). This department looks after the promotional aspects of the company as well. The
INTRODUCTION TO BUSINESS
Introduction
An organisation and its success depends on the functioning departments and the
workforce. The importance of each of the departments and the process of managing the
whole process effectively is the most difficult job in it. Each of the departments has their own
working process and impact on the company production. Collaboration of the departments
under a organisation makes the production possible. In this report, the researcher would talk
about the working departments of Aldi Company. The importance of collaboration and team
work would be discussed. Along with it, there would be an analysis of how the different
departments of the company work together to solve its financial and human resource issues.
Examples of different reports of the company would be provided for the reference of the
readers.
Role and Importance of Marketing Department, Finance Department,
Human Resource Department
Marketing Department
Marketing departments are the part of the organisations that controls the marketing
strategies and customers’ management. This department has the role of deciding the
marketing plan for the company and implementing the plan practically. Other than that, some
of the sales portion is also controlled and managed by the marketing department (Ogbonnaya
2019). Evaluation of the marketing strategies and to look after how the customers are being
treated and are they satisfied by the service their employees are providing to them.
Aldi uses cost leadership strategy for their marketing. There is no doubt in the fact
that to the marketing department of the company is quote active (Srinivasan and Ramani
2019). This department looks after the promotional aspects of the company as well. The
3
INTRODUCTION TO BUSINESS
creative and skilled employees of the marketing department do their required research and in
order to understand the market trends and build the strategy accordingly (Gremyr et al. 2019).
Finance Department
Finance department of the organisation is responsible for arranging funds, managing
funds, and planning for the expenditure of the organisation’s operations. The main functions
of the department are auditing, planning, organising, accounting and controlling the finance
of the company (Lescure 2019). Aldi has a strict finance department that works with
cooperation with the marketing and human resource department. The cost of the products
sold in the stores of Aldi are quite low. The management of the finance is therefore, has to be
very calculative. The role of the finance department in managing the expenditure profiles and
making audit reports (Wandfluh, Hofmann and Schoensleben 2016).
Human Resource Department
The human resource department has two types of role- one is for the managerial
functions and the other is for the operational functions (Klassen, Lisowsky and Mescall
2016). For the managerial tasks, Aldi authorities is depended on this department for planning,
organising, staffing and controlling the human resource. On the other hand, for the
operational facts, the human resource department of Aldi controls the procurement, logistics,
compensations, and maintenance, integration and employee engagement functions.
Team work and Its Importance
The importance of team work in the present business scenario is indispensable. A
specific task that could be tough for an individual to do could be easily worked out by the
team. According to Kakabadse and Bank (2018), workers who are not compatible to work in
INTRODUCTION TO BUSINESS
creative and skilled employees of the marketing department do their required research and in
order to understand the market trends and build the strategy accordingly (Gremyr et al. 2019).
Finance Department
Finance department of the organisation is responsible for arranging funds, managing
funds, and planning for the expenditure of the organisation’s operations. The main functions
of the department are auditing, planning, organising, accounting and controlling the finance
of the company (Lescure 2019). Aldi has a strict finance department that works with
cooperation with the marketing and human resource department. The cost of the products
sold in the stores of Aldi are quite low. The management of the finance is therefore, has to be
very calculative. The role of the finance department in managing the expenditure profiles and
making audit reports (Wandfluh, Hofmann and Schoensleben 2016).
Human Resource Department
The human resource department has two types of role- one is for the managerial
functions and the other is for the operational functions (Klassen, Lisowsky and Mescall
2016). For the managerial tasks, Aldi authorities is depended on this department for planning,
organising, staffing and controlling the human resource. On the other hand, for the
operational facts, the human resource department of Aldi controls the procurement, logistics,
compensations, and maintenance, integration and employee engagement functions.
Team work and Its Importance
The importance of team work in the present business scenario is indispensable. A
specific task that could be tough for an individual to do could be easily worked out by the
team. According to Kakabadse and Bank (2018), workers who are not compatible to work in
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