Introduction to Business Studies

Introduction to business
studies
1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Describe the role of HR, marketing and finance functions with in organisation...................3
Develop and understanding of collaborative working practices............................................4
Demonstrate knowledge of the role of financial management and reporting with in
organisation............................................................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................7
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INTRODUCTION
An organisation includes different functions and activities that is essential for conducting
business task and activities in effective manner (Ghauri, Grønhaug and Strange, 2020). It is
important for business to identify the role of its major functions so that desired goals could be
timely achieve. Collaborative working practices and financial management of business will lead
to perform business activities required way. In this report different roles of HR, finance as well
as marketing is identified. It includes proper and clear understanding about working business
practices in collaborative way. Apart from this various roles of financial management and
reporting is clearly identified.
MAIN BODY
Describe the role of HR, marketing and finance functions with in organisation.
There are different functions of organisation which includes human resource, finance and
marketing. All of these functions play crucial and critical role in accomplishment of set goals of
business. There are four different P's of marketing mix such as product, place, price and
promotion. All of these are crucial elements of organisation as this will lead to have impact on
performance of organisation. Role of human resource, marketing as well as finance for
conducting promotional activities of organisation is explain below in detail.
Human Resource role
Human resource function of organisation is majorly related to management of employees
as well as their performance to conduct business task. This function of business will help in
managing different activities of promotion. Major role of human resource function for promotion
are.
 It is role and responsibility of human resource department to find and hire accurate
employees that can conduct different promotional activities of organisation in better
manner. By hiring highly skilled employee who have complete information about
promotional activities will be helpful. Human resource department role is to manage and motivate employees correctly. This
will lead to boast the morale of employees and they will perform promotional activities in
better manner.
Marketing role
3