Role of HR, Marketing, and Finance in The Body Shop

Report on The Body Shop

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Describing the role of HR, Marketing and finance functions within organisations........................3
Identify the role of HR within the Body Shop.............................................................................3
Assessing the role of Marketing within chosen company...........................................................3
Identify the Finance Functions within an Organisations.............................................................4
Develop an understanding of collaborative working practices........................................................4
Organisational Culture.................................................................................................................4
Describing the organisational culture..........................................................................................5
Leadership style in the Body shop...............................................................................................5
Leadership style in the Bodyshop contribute towards a collaborative environment...................5
Financial management and reporting within the BodyShop............................................................6
Profit and Loss Account..............................................................................................................6
Importance of Balance Sheet.......................................................................................................6
Analysing the necessity of Cashflow Statement..........................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
In an there are many factors that are responsible for the success of the company such as HR.
Marketing and Finance department (Boiral, Heras-Saizarbitoria and Brotherton, 2019). This can
be done to achieve through integrated together that has specific goals and objective which is
directed towards the common goal. In this report Body shop is chosen, which is British
cosmetics, skin care and perfume company founded in 1976 by Dame Anita Roddick. It is being
analysed that types of financial management and financial reporting in the company. Apart from
that collaborative working practices has been used in the firm.
MAIN BODY
Describing the role of HR, Marketing and finance functions within organisations
Identify the role of HR within the Body Shop
Human resources will help in managing the employees in the company which include the
finding, screening, recruiting and training job applicants. This helps in creating the demand and
value of the company. Their importance is increasing nowadays due to improving the diversity in
the workplace in the corporate world and that also leads in dealing with many others issues in the
organisation. This enhance the quality of the employees and ensure the effectiveness of their
performance (Clinton, Giovannucci and Hursting, 2020). This department play important role in
retaining the employees and motivating them to perform better. This also help in dealing the
salary related problems in the company. In the context of Body Shop, HR will help in hiring the
employees and will develop the effectiveness in the company through addressing their
misunderstanding between the employees and employers. HR is useful in maintaining the overall
performance of the company and employees through proper selection according to their qualities
and competence.
Assessing the role of Marketing within chosen company
Marketing refers to the department that will help in attracting the buyers to buy the goods
and will help in improving the efficiency and effectiveness of the company Selling is the part of
the marketing and will help in dealing in attracting the customer. In the context of Body shop,
the need to understand the importance of the marketing function as this tells the importance of
company to attract the customer and to influence them to buy their product. This plays important