Role of HR, Marketing, and Finance Functions within Organizations

Introduction to Business
Studies.

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Role of HR, marketing and finance functions within organizations............................................3
Understanding of collaborative working practices......................................................................4
Role of financial management and reporting within the organization.........................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
There are certain departments in the organisation. Those departments are very necessary
for an organization to work. Departments present in the organization are finance department, HR
department, marketing department, research and development department etc. This report will
discuss the role of HR, marketing and finance functions within organization and also develop an
understanding of collaborative working practices. Further it will evaluate the role of financial
management and reporting within the organization.
MAIN BODY
Role of HR, marketing and finance functions within organizations
Role of HR: Human resource means personnel in an organization, which accomplish the
task assigned to them for the attainment of organizational objectives. Some of its roles are
recruitment and training, which means hiring right people for the right job in the organization.
Legal contract is signed between company and employee within the organization. Proper training
is also provided to employees so that they can carry out smooth work. HR motivates the
employee so that they can work effectively and efficiently. They also direct and give suggestions
to their employees so that they can improve their performance (Ghauri, Grønhaug and Strange,
2020). HR also insures that there is good working environment for every employee and no
employee will face discrimination in the organization. If there is any kind of disputes arise in the
organization than it is the duty of the HRM to resolve such disputes nicely. It is the work of HR
to develop public relations by arranging meetings, seminars and conferences within the
organization and with other firms also to build healthy relationships.
Role of marketing: Marketing department takes final product to the customers. They also
promote business and its activities. Marketing team manage company's brand which tells that
who is the company and what they do. They even carry out campaign for marketing. They do all
the promotional and advertisement activities for the products and services provided by the
company. Marketing team maintain the website of the company. Website is the reflection of the
company, its content should be proper and current and also site of the company should come first
when anybody search about similar companies. Managing social media platforms is also the role
of marketing team. Social media is the cheapest and easiest way to promote your business
(Esswein and Chamoni, 2018). They should ensure that timely posts are posted so that large