Role of HR, Marketing, and Finance in Business Organization

Portfolio Assignment

Table of Contents
Introduction......................................................................................................................................1
Main Body.......................................................................................................................................1
Discuss the role of HR, marketing and finance functions within business organisation.......1
Explain collaborative working practices................................................................................1
Discuss the role of financial management and report within business organisation..............1
Conclusion.......................................................................................................................................1
References........................................................................................................................................2

Introduction
The organisational functions is defined as the set of activities carried out inside various
department of the business organisation in order to achieve certain goals and objectives, the are
number of functions performed by the business organisation such as marketing, finance,
operations and human resource, collaborative working towards the achieving the organisational
goals and objectives enhancing overall profitability and productivity of the business. The
collaborative working allows the effective exchange of communication, knowledge and
information within the business organisation. For this report The Body shop is taken into
consideration. The Body shop is a British cosmetic, skin care and perfume company started in
1976 by Dame Anita Roddick having more than 3000 stores. This report highlights the detailed
analysis of role of HR, marketing and finance within the organisation and analysis of
collaborative working practices. In addition to this the role of financial management in the
organisation is also highlighted.
Main Body
Discuss the role of HR, marketing and finance functions within business organisation
The business functions are the set of activities carried out by the different departments of
the organisation, collaboratively working towards achieving desired goals and objectives of the
organisation (Abe, 2020). There are various departments in the organisation each performing
specific functions such as human resource, marketing and finance. In context to the Body Shop
the role of various functions within organisation are discussed below:
Human resource: The human resource department is one of the essential functions of the
business organisation, the main role of human resource department is to manage and control the
workforce of the organisation, human resource ensures that there is availability of skilled
employees in each and every department. In addition to this the essential role of the human
resource is to hire, compensating, training, motivating and developing employees. In context to
the Body Shop the human resource department ensure that there is availability of skilled
workforce in the company and continuously providing training to employees in order to improve
their skills and overall performance (Al Zubaidi-Polli and Verdezoto, 2018).
Marketing: The another function is marketing, the role of marketing department is to
increase the sale and productivity of the organisation through attracting large number of
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