Role of Marketing, HR, and Financial Function in an Organization

Introduction to Business
studies

Table of Content
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Role of marketing, HR and financial function within a firm...................................................3
Importance of collaborative working practices .........................................................................4
Role of financial management and reporting in an organization ..............................................6
CONCLUSION................................................................................................................................7
REFERENCESS..............................................................................................................................8

INTRODUCTION
An organizational or business function is a core process or set of activities
carried out within a department or areas of a company. Common functions include
operations, marketing, human resources, information technology, customer service,
finance and warehousing.
This report will over case study of Mark & Spencer which one of the top leading
company in Uk retail industry. It will briefly explain role of Human resource,
marketing and finance function of in an organization. This report will also analyses the
importance of collaborative work practices. In the end of this report will demonstrate
knowledge of the roles of financial management and reporting within the organization.
MAIN BODY
Role of marketing, HR and financial function within a firm
Human resource, Marketing and finance has huge role in a Mark & Spencer
company and these all functions have different different roles which helps to provide
smooth functioning and profitability to them (Elia, Massini and Narula., 2019). All
functions of the business are interlinked with each other, and they take help of each
other to run their day to day business activities.
Human resource
Human resource management of the Mark & Spencer company has huge roles
to pay. They make polices, and they provide skillful employees to the company who
can effectively run function of the organization. They also make polices related to the
employees, so they can get their rights (Garson., 2017). Human resource manager
run activities which helps in employees engagement and also provide training to the
employees. Training emphasis motivation and employees can do their task more
effectively and give their best to achieve objectives of the company which lead Mark
& Spencer toward the success in their business.
Marketing
Marketing is the process of advertising products of the company in a market so
people can be aware about the new product of the Mark & Spencer company. M&S
company has their own marketing team who used to advertise their product and study
about the market to understand needs of their customers so company can develop