The Graduate Challenge

This assignment explains the importance of marketing, finance, human resources, and production functions in increasing sales for TESCO. It emphasizes the significance of these functions working together.

The Graduate Challenge
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Executive summary-
The current assignment have been explained that marketing, finance, human resources
and production functions are providing several benefits to TESCO, in term of increasing it’s
sales rather than before. It has been described that all functions are really very important for
company as it help to sustain within retail industry for longer period.
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Table of Contents
Executive summary-........................................................................................................................2
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Different venture functions of TESCO...................................................................................3
Importance of all functions work together.............................................................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5
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INTRODUCTION
An organization is comprised of different functions, which make them able to retain
buyers and sustain within market place for long. The current study will be based on TESCO,
which falls under the world’s best supermarkets. This report will explain significance of varied
business functions and their importance in context of working together.
MAIN BODY
Different venture functions of TESCO
Marketing department-
It is one of the most essential and beneficial functions of TESCO. This department is
important because it help to reach at target market and generate brand awareness. It play
significant role in promoting mission and products or services of chosen brand (Makhitha and
Khumalo, 2019). It can be said that marketing department also contribute to promote accessible
job vacancy in market where job seekers are accessible and search for the best employment
chance within well reputed companies.
Finance department-
It is the main function of firm that is accountable for collecting and managing funds for
company, and plans for further expenditure of money on different profitable things (Nuthalapati
and et.al., 2020). This function along with above one is also important because it help TESCO to
manage their accounts and invest in valuable activities which are quite beneficial for
supermarket in term of increasing its sales rather than before. It provides manager with
information important to make strategic judgment such as which projects or market to pursue.
Human resource department-
This function or unit is responsible for minimizing issues at workplace and increasing
productivity rather than before. HRM is necessary for TESCO as it help to enhance performance
level which in return increase profit margin of chosen brand in the future. By hiring new and
skilled applicants at workplace by taking help to marketing department, human resource manager
allow firm to gain competitive advantages. It is essential for supermarket because HRM look
after hiring needs of business.
Operation department-
This unit assure that production and other operations are accomplished from beginning to
finish. It is important for company because it aid efficiently manage, organize and control supply
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or delivery of products to consumers. It is mostly utilized irrespective of size of brand or what
company do. Workers in this department are able to perform in form of collaboration with
marketing, HRM etc.
Importance of all functions work together
TESCO wants to become a global leader and stick with this position, for which its
management work hard to perform effectively and systematically in retail industry. At that time,
when marketing, HRM, operation and finance work together they can bring a lot of benefits to
firm. Their collaborative practices and actions are really very essential for chosen supermarket
because by working and performing together, all functions can drive sales of business even
better.
CONCLUSION
By summing up above discussion, it has been concluded that marketing function by
working with human resource management etc, drives organization towards gaining competitive
advantages. Furthermore, it has been indentified that by working together all functions enhanced
performance level of brand in market.
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REFERENCES
Book and Journals
Makhitha, K.M. and Khumalo, N.M., 2019. The influence of supermarket attributes on consumer
selection of a supermarket: a South African perspective. Journal of Consumer
Sciences. 47.
Nuthalapati, C.S and et.al., 2020. Supermarket procurement and farmgate prices in India. World
Development. 134. p.105034.
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