Introduction to Business Studies

Introduction to
Business Studies

Contents
INTRODUCTION...........................................................................................................................3
Task 1...............................................................................................................................................3
Describe the role of HR, Marketing and Finance Functions within organisation..................3
Task 2...............................................................................................................................................4
Develop an understanding of collaborative working practices..............................................4
Task 4...............................................................................................................................................5
Demonstrate knowledge of the role of financial management and reporting within the
organisation............................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business studies is a subject with comprises of various elements such as accounting,
marketing, finance, economics etc. that helps the businesses in managing their operations
efficiently (Peng, 2016). It enables the management of the organisation in taking more informed
decisions as with the help of this they can analyse various situation and importance of various
factors that can influence the operations of the company. The objectives of the businesses can be
achieved by analysing various policies and practices of the organisation along with the impact of
various internal and external business factors. In this report the organisation that is taken into
consideration in Unilever Plc which is a UK based multinational company offering a wide
variety of consumer goods. In this report the role of different departments are discussed along
with the collaborative working practices of the organisation. Apart from this the role of financial
management is also discussed.
Task 1
Describe the role of HR, Marketing and Finance Functions within organisation
In an organisation there are various departments who perform different roles so that the common
goal of the organisation can be achieved. All the activities and tasks are allocated as per the
nature of the department which then integrate their efforts towards the common objectives
(Abualoush, 2018). The role of different department of the organisation is given below:
Role of HR
Recruiting and selecting people: The HR department of Unilever enable them in
procuring employees by attracting people and creating pool of talent for them, out of which the
employees are selected by the company as per their needs and the description of the job. With the
specific methods of recruitment and selection the HR manager can ensure capable and competent
staff in the organisation.
Training and development of the employees: Various training and development
sessions are organised by the human resource department with the help of which the employees
can made capable of undertaking and performing various role such as Unilever provided the
computer skills to their employees by providing them trainings with the help of which they can
easily use the computer system for their work.
Role of Marketing