Role of HR, Marketing, and Finance Functions in Business Studies

INTRODUCTION TO
BUSINESS STUDIES

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
TASK...............................................................................................................................................3
The role of HR, marketing and finance functions within organisation.......................................3
Understanding of collaborative working practices......................................................................4
Role of financial management and reporting in the organisation................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
Books & Journals:........................................................................................................................8

INTRODUCTION
Introducing of a new business require many things for their success and growth in the
market such as effective HRM system, using of marketing methods, and performing financial
functions in the organisation (Opstad, 2018). It is very important for a company that should make
sure about all important functions which helps them to stay competitive and survive in the
marketplace. Companies identifies that human resource is a key element of success and growth
and that's why it becomes necessary for organisation to use effectively their human resource. In
order to promote goods and services organisation uses marketing methods. In this context, The
Body Shop is undertaken which is the British cosmetic company. They have headquartered in
London Bridge, UK. This report covers the role of HR, marketing and finance functions. It also
covered the use of collaborative working conditions. To survive in the market companies need
finance and that’s why they should be managing their finance.
MAIN BODY
TASK
The role of HR, marketing and finance functions within organisation
The Body Shop is a large organisation which provides cosmetics, skin care and perfume
to the customers. It is established in London, UK that runs their business very well. The success
behind their organisation is efficient functions in the company (Colli and Perez, 2020). They
regularly focus on making effective and efficient function such as HR, finance and marketing.
The Body Shop identifying that these all three functions play a very important role in the success
and growth of company. It can be better understand with the separate role of each function which
is mentioned below:
HR function
Human resources is an important element of success which every organisation need to
manage. It is very obvious that our company is run by people and for people that mean
employees are the person who run the organisation for customers (Farooq and et. al, 2017). Due