Importance and Role of Business Functions: A Case Study of Tesco

This report discusses the importance and role of business functions in Tesco, a retail industry providing general merchandise and groceries, financial services. The report covers the major functions of business such as finance, marketing, production, and human resources.

Business report

Table of contents
INTRODUCTION...............................................................................................................................3
MAINBODY........................................................................................................................................3
CONCLUSION....................................................................................................................................4
REFERENCES....................................................................................................................................4

INTRODUCTION
Business organisation is an entity which helps out to implement commercial activities which
provides manufacturing, trading, processing etc. The main motive of all the organisations is
to increase the profit and also to generate maximum revenue. Business enterprise are of
various forms like partnership, sole trader, companies and many more (Roberts, 2021). The
organisation chosen in this report is Tesco, a retail industry provides the general merchandise
and groceries, financial services. This essay will cover importance and role of business and
its function.
MAINBODY
The major function of business is defined as important set of different activities which
used to cover out the companies in order to maintain the income. Tesco is a well-known
supermarket chain which carry different functions in order to maintain the profit. As in
context to Tesco the major role and importance of business functions are mentioned there
under
Finance provides a functional area in all the organisation where the focus on raising
the funds and also to operate the business and its practices with proper allocation of funds for
different areas and units. They used to carry out all the functional areas in effective manner.
As for Tesco the major role of financial unit is to acquire expenditure, manage, plan for the
company’s resources. The importance lead for the organisation is to ensure smarter and
smoother function of business (Stopford, and Wells, 2017).
Marketing provides communication, introduction and promotion of different
offerings for all the companies in the market areas which helps out to create proper awareness
for the customers. Tesco is an important department which used to cover out important roles
to promote and also to maintain proper communication of offerings for the market. This used
to create an effective area for the competitors in the market. The importance of marketing
unit is it helps out to maintain positive relations with all the consumers for a long-term basis
and also maintain the engagement of customers for the survival of business practises.
Production unit involves engagement of different kind of conversion of raw materials
for in the finished goods and products. The main aim of production in Tesco is to convert all
the raw materials into finished goods which is being taken for the customers. The major
importance is it helps out to add up offer for the relationship in order to build the customers
to build stable relation and provide better quality of products.

Human resource helps out to be a major function unit which helps out to recruit the
employees for the company and also to manage them in affective manner. Tesco used to
implement better techniques for recruiting and hiring the candidates the major importance of
this area is it helps out to hire the right employees who are skilled and efficient to maintain
the goals and achieve it (Velikorosov, and et. al., 2020).
In all the business functions it is important to maintain a proper collective work
between each other as they help out to produce new products in offering for the customers
and also implements accomplish of objectives for business. As these unit used to work
together with a better coordination and also remove all the confusions and disturbance in their
performance for the companies. The major essential function for Tesco is to carry out
operations in an effective manner.
CONCLUSION
From this above essay it is concluded that business function helps out to frame
different kinds of undertaking there like HR, production, marketing, finance etc. It helps out
to make better coordination between all the sectors and also to implement to focus on
objectives of the company and the resources.
REFERENCES
Velikorosov, and et. al., 2020. HR systems as a new method for the automatization of
business processes in organization. DEStech Transactions on Social Science,
Education and Human Science, (icpcs).
Stopford, J.M. and Wells, L.T., 2017. Developing an Organization for Multinational
Business. In International Business (pp. 181-203). Routledge.
Roberts, J., 2021. Disturbing Business Ethics: Emmanuel Levinas and the Politics of
Organization, by Carl Rhodes. Abingdon, UK: Routledge, 2020. 148 pp. Business
Ethics Quarterly, 31(3), pp.481-484.