Introduction to Business Studies

Introduction to business studies
Table of Contents
INTRODUCTION...........................................................................................................................3

MAIN BODY...................................................................................................................................3
Internal and external factors which impact on business.........................................................3
Describe the role of HR, Marketing and finance functions within organisations..................4
Demonstrate knowledge of the role of financial management and reporting within the
organisation............................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
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INTRODUCTION
This assignment involves the scenario through which different types of services are
given. It signifies strategic planning as well as vision of organisation. It also provides
explanation regarding micro and macro elements that imposes direct impact on operations and
functions of organisation. It offers a brief description regarding role of marketing, finance and
HR functions in company. In addition to this, there is also a description regarding role of
financial administration within company (Alvarez, 2016).
MAIN BODY
Internal and external factors which impact on business
There are different factor that impose direct impact on the functions of business
organisation. It involves different kind of elements that is given below:
Internal factor
Employees and managers employees are determined as the most significant part of
internal atmosphere of organisation. It is important for subordinate to be performed their work in
good manner. The manager team focuses on handling lower-level subordinate during particular
phase of time period.
Money and resources when there is a lack of fund then the organisation are not capable to
earn more and more profit for staff of business organisation. It is significant to possess cash for
conducting different function in an appropriate manner. It imposes lot of individual person
within company during particular phase of time period. Therefore, it is necessary to have finance
that helps in advertisement of goods in an appropriate manner and possessing a superior quality
of products.
Company culture the company culture involves priorities, attitude as well as values for
performing their work in better way. It is significant to maintain favourable culture that is useful
in handling efficiency and conduct work of employees in an appropriate manner. The
subordinate of organisation possess good values and it is significant to promote, recruit or fire
subordinate.
External factor