Introduction to Business Studies

Introduction to Business
Studies-Presentation

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Describe the role of HR, Marketing and finance functions within Vodafone Group plc...........1
TASK 2............................................................................................................................................2
Develop an understanding of collaborative working practices...................................................2
TASK 3............................................................................................................................................2
Demonstrate an understanding of the main factors, both internal and external, which impact
Businesses...................................................................................................................................2
TASK 4...........................................................................................................................................3
Demonstrate knowledge of the role of financial management and reporting within the
organisation.................................................................................................................................3
CONCLUSION ...............................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business studies helps an organization to make more informed decisions in day to day
business activities. It gives better understanding of business work to the company. Business
studies includes all the factors such as finance, marketing, human resource, accountancy,
operations and organizational studies. In the context of respective company Vodafone Group plc,
it is British based multinational telecommunication company(Aguilera and Grøgaard, 2019). In
November 2020 Vodafone Group plc owned and networks in approx 22 countries. This report
includes information about role of human resource, marketing and finance function in respective
organization. Understanding of collaborative work practices. Impact of internal and external
factors on an organization and at last role of financial management and reporting within the
organization.
TASK 1
Describe the role of HR, Marketing and finance functions within Vodafone Group plc.
In an organisations human resource, marketing, and finance is important useful factors
that ensure the growth of organisations. This function of Vodafone Group plc helps organisations
to build brand image and identity in market. Thus, below is detail study of role of these function
in organisations.
Role of Human Resource:
People working in Vodafone Group plc are the most important resource that ensure stable
profitability rate of organisations. HR is the process of hiring right employees for right job and
make sure that these people are working effectively for organisations. Employee training and
development is also main function of human resource management. They train and educate their
employees according the jobs they have to do to fulfil the expectations of company from them.
Role of Marketing:
This department of Vodafone Group plc plays vital role in promoting the business of
organisations. Marketing helps organisations to gain maximum profit from product, price,
promotion,and place strategies. Product management and promotion is main function of
marketing it helps in promoting the product and services of respective company in market.
Selling these product and services in most effective way company can gain advantages from
sales(Ghauri, Grønhaug and Strange, 2020).
1