Importance of Marketing, Finance, Operations, and HR in Marks and Spencer

This article discusses the importance of Marketing, Finance, Operations, and HR in the success of Marks and Spencer. It explains how these functions are interrelated and contribute to the company's growth and profitability. The Marketing team promotes the company's products through various channels and conducts market research. Finance provides financial resources to other departments and ensures proper utilization. The Operations department is responsible for smooth and efficient production, while HR recruits and trains employees.

MG408 Graduate
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Table of Contents
MAIN BODY ..................................................................................................................................3
REFERANCESS .............................................................................................................................5

MAIN BODY
Marks and Spencer is one of the top leading company in United kingdom, and they are
specialist in the quality clothing, home appliance and food product. This success they get from
some of their function which helps to promote, manage. Produce and finance. Without those
function such as Marketing, finance, operation and human resource. They have different
different roles in the company but all are interrelated with each other.
Marketing
Marketing is one of the necessary function for the Marks and Spencer because it helps to
promote their product in the market by using marketing tools. Function of the marketing is to
convene customers buy their product through advertisement on the Social media, TV
advertisement etc (DOES MARKETING RELATE TO FINANCE? – “MARKETING IS
FINANCE?” THEORETICAL PERCEPTION. 2014). Marketing team not only advertise, but
they are also responsible to research the market. They have to research the market and provide
information to the company about the market according to that company take decision about the
expansion in the particular market.
Finance
Finance play important role for the Marks and Spencer company because they provide
financial resources to the every other department of the company, so they can run their functions
properly. Without having finance Marks and Spencer company cannot be successful in their
business. They have to find proper resources of the finance from the market, some of the
resources are bank, public finance etc. they arrange the finance from the market and provide
them to the other department of the organization (Garson., 2017). They have to make proper
budget for the every department and destitute according to the need to run organizational
activities. They also ensure that company is utilizing financial resources properly or not
otherwise it affect on the profitability of the Marks and Spencer company. Proper utilization
enable them to achieve their goals and company can take competitive advantages.
Operational department
The operations department of a Marks and Spencer is answerable for smooth and gainful
production. If your operations department is running tightly, your company will produce what it
needs to produce when it needs to produce it — and without undue stress or backtracking. They
are also responsible to develop and design the products for the customers, so they can convene

and attract the customers to but their products (On the Interface Between Operations and Human
Resources Management. 2003). They are expert in the design the products and improve the
product, and they take help from the marketing team of the company who collect the data from
the market and provide the information related to the customers demand and their needs.
HR
Human resources management is responsible to provide required employees to the
company so they can run their activities. They also provide proper training and development to
the employees, so they can gain new skills and perform their task more effectively. They recruit
the employees for the Marks and Spencer company according to the Job available in the
workplace. they take various test of the candidates, so they can get employees who are having
necessary skills to perform task.

REFERANCESS
Books and journal
Garson, J., 2017. Against organizational functions. Philosophy of Science.84(5). pp.1093-1103.
Online
DOES MARKETING RELATE TO FINANCE? – “MARKETING IS FINANCE?”
THEORETICAL PERCEPTION. 2014. [online] available through
<https://www.researchgate.net/publication/285046523_DOES_MARKETING_RELATE_
TO_FINANCE_-_MARKETING_IS_FINANCE_THEORETICAL_PERCEPTION>.
On the Interface Between Operations and Human Resources Management. 2003. [online]
available through <https://www.semanticscholar.org/paper/On-the-Interface-Between-
Operations-and-Human-Boudreau-Hopp/7b230d5c80844deeefa4ab0e8bb7a7ce8f85ef10>.