Role of HR, Marketing, and Finance in Organizations

Introduction to Business Studies

INTRODUCTION.....................................................................................................................................3
Describe the role of HR, Marketing and finance functions within organisations.........................................3
2.1 Describe the role of HR within TESCO..........................................................................................3
2.3 Describe the Finance Functions within TESCO.............................................................................4
3. Develop an understanding of collaborative working practices in TESCO.................................................4
3.1 Describe the organisational culture in TESCO..............................................................................5
3.2 Briefly discuss the Management / Leadership style in the Body shop.........................................5
4. Financial management and reporting within TESCO........................................................................6
4.1 Explain what a Profit and Loss Account is....................................................................................6
4.2 Explain what a Balance Sheet is...................................................................................................6
4.3 Explain what a Cashflow Statement is.........................................................................................7
5. CONCLUSION......................................................................................................................................7

INTRODUCTION
HR, Marketing and finance plays important role in an organisation through which
company can effectively perform their business operations in a well define and effective manner.
Furthermore, with the help of financial reporting and management company can manage its
finance in an effective manner. This report is conducted on TESCO in which number of
departments are performing their roles.
Describe the role of HR, Marketing and finance functions
within organisations
2.1 Describe the role of HR within TESCO
Human resource is related to hiring, onboarding, training and developing employees and
effectively administrating workers within company. Human Resource Department is a group
those who have functions related to human resource planning, performance management,
rewards, industrial relation and other key aspects in order to effectively manage workforce. In
addition to this, this department is responsible to manage most valuable asset of company which
is its employees (Bhattacharya and Fayezi, 2021). Human resource play central role in TESCO in
terms of developing, reinforcing and changing organisational culture and conducting recruitment
and onboarding, performance management, reinforcing organisational value, training and
development and other activities in order to make sure that each and every employee is satisfied
with an organisational workplace culture. Human resource leaders within TESCO assures that
there is a successful and effective employee like cycles and work experience prevail in company,
as it helps in developing strong relationship between employees and employer.
2.2 Describe the role of Marketing within TESCO
Marketing refers to the activity’s organisation take use in order to promote their products,
services and brand within targeted set of audience. Marketing department plays essential role in
Tesco as it promotes organisation mission by developing over reaching experience of company.
This department is responsible to reach out to maximum number of consumers, community and
investors in order to enhance organisational reach. Within Tesco this department conduct their
responsibilities with the help of different marketing measures such as digital marketing,