Role of HR, Marketing and Finance Functions within Organisation

INTRODUCTION TO
BUSINESS STUDIES

Table of Contents
INTRODUCTION ..........................................................................................................................1
MAIN BODY...................................................................................................................................1
Role of HR, Marketing and finance functions within organisation............................................1
Develops understanding of collaborative working practices......................................................2
Knowledge of role of financial management and reporting within organisation........................3
CONCLUSION ...............................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business studies refers to that activity which affect the day to day lives of the people.
Business activity defines to that term which reflects an individual earning by producing the
commodities to gain the high customer base and enhance the profit margin. This will show the
decisions that is taken by the organisation for their survival to a longer period of time. In every
organisation different department can function and all these are very significant for the company
to gain the higher profits and revenues. This report is based on Marks and Spencer that is a
leading British multinational retailer company that deals in clothing, food, financial services.
This report includes role of HR , marketing and Finance functions. It also inculcates the
collaborative working practices and role of financial management and reporting in the
company(Khajeheian, Friedrichsen and Mödinger, 2018).
MAIN BODY
Role of HR, Marketing and finance functions within organisation
In this there are several types of role that a different functions within the organisation can
perform. In case of Marks and Spencer , role of HR, finance and marketing are to be discused
below:
Role of HR
 Analyse the employee performance- The main role of human resource function within
the Marks & Spencer is evaluate the performance of the workers by examine their current
and past information. This gives the productive work by the employees side to the
company that helps in generating higher profits and revenues(Ribeiro-Soriano, 2017).
 Recruiting and selection- The other role of HR manager is to recruit and hire best
suitable applicant for the job role so that working can be done smoothly in Marks and
Spencer. It will increase the profits and revenues by hiring the best candidate. It will
develops the image of the brand within marketplace.
 Training and development- The major role of human resource function is to provide
training and development to their employees as per their skills and capabilities so that
high returns can be enjoyed by the firm in their long term survival. In context of the
Marks and Spencer, human resource function play a significant work to provide the
training and development to their staff members so that working capabilities and skills is
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