An Analysis of Aldi's Key Departments, Teamwork, and Reports

This report provides a comprehensive analysis of Aldi's operational departments, including marketing, finance, and human resources, and their collaborative roles in achieving organizational success. It emphasizes the importance of teamwork and examines how these departments work together to address financial and human resource challenges. The report delves into the marketing strategies, financial management, and human resource functions within Aldi, supported by examples of teamwork in action and financial reports such as balance sheets and profit and loss statements. Furthermore, the report highlights the importance of financial management and reporting, demonstrating how Aldi utilizes these aspects to maintain its competitive edge and provide valuable information to stakeholders. Overall, the report underscores the significance of departmental collaboration, teamwork, and financial reporting in Aldi's success, offering insights into the company's operations and business strategies. The report also fulfills the requirements of the FY026 module, focusing on preparing for success through knowledge and creativity, and includes an executive summary, job description, and person specifications analysis.

Running head: INTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESS
Name of the student
Name of the University
Author notes

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INTRODUCTION TO BUSINESS
Executive Summary
This report is aimed to understand and analyse different roles of the operational
departments in the organisation. The company selected for this report is Aldi. The role of the
deportments in the organisations and how they work in collaboration to achieve the success is
discussed in this report. Importance of team work is also discussed in the course of the report.
Two most important department of Aldi, human resource and the finance department roles
are discussed in this report as well. The examples of the team work and the financial reports
are provided as well. The reports like balance sheets and profit and gain reports are explained
as well.

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Introduction
An organisation and its success depends on the functioning departments and the
workforce. The importance of each of the departments and the process of managing the
whole process effectively is the most difficult job in it. Each of the departments has their own
working process and impact on the company production. Collaboration of the departments
under a organisation makes the production possible. In this report, the researcher would talk
about the working departments of Aldi Company. The importance of collaboration and team
work would be discussed. Along with it, there would be an analysis of how the different
departments of the company work together to solve its financial and human resource issues.
Examples of different reports of the company would be provided for the reference of the
readers.
Role and Importance of Marketing Department, Finance Department,
Human Resource Department
Marketing Department
Marketing departments are the part of the organisations that controls the marketing
strategies and customers’ management. This department has the role of deciding the
marketing plan for the company and implementing the plan practically. Other than that, some
of the sales portion is also controlled and managed by the marketing department (Ogbonnaya
2019). Evaluation of the marketing strategies and to look after how the customers are being
treated and are they satisfied by the service their employees are providing to them.
Aldi uses cost leadership strategy for their marketing. There is no doubt in the fact
that to the marketing department of the company is quote active (Srinivasan and Ramani
2019). This department looks after the promotional aspects of the company as well. The

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creative and skilled employees of the marketing department do their required research and in
order to understand the market trends and build the strategy accordingly (Gremyr et al. 2019).
Finance Department
Finance department of the organisation is responsible for arranging funds, managing
funds, and planning for the expenditure of the organisation’s operations. The main functions
of the department are auditing, planning, organising, accounting and controlling the finance
of the company (Lescure 2019). Aldi has a strict finance department that works with
cooperation with the marketing and human resource department. The cost of the products
sold in the stores of Aldi are quite low. The management of the finance is therefore, has to be
very calculative. The role of the finance department in managing the expenditure profiles and
making audit reports (Wandfluh, Hofmann and Schoensleben 2016).
Human Resource Department
The human resource department has two types of role- one is for the managerial
functions and the other is for the operational functions (Klassen, Lisowsky and Mescall
2016). For the managerial tasks, Aldi authorities is depended on this department for planning,
organising, staffing and controlling the human resource. On the other hand, for the
operational facts, the human resource department of Aldi controls the procurement, logistics,
compensations, and maintenance, integration and employee engagement functions.
Team work and Its Importance
The importance of team work in the present business scenario is indispensable. A
specific task that could be tough for an individual to do could be easily worked out by the
team. According to Kakabadse and Bank (2018), workers who are not compatible to work in

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a team would not be able to find any solution towards their success in career. Leaders are an
important part of the team who organises the team and directs it towards its success.
The team members need to have strong communication among themselves. Team
work reduces the work time and adds creativity in it. The role of leader is to assign the job
roles in the team according to the skills of the members (Mohanty and Mohanty 2018). Other
than that when a team member is absent in the stores of Aldi, the other members are there to
share his work so that there would be no extra pressure in the operations. Basically team
work helps with maintaining the balance in the multidisciplinary work world.
Examples-
1. In the service sectors, the role of team work is even more than any other sectors.
There are a number of works that would need an effective team work to execute
properly. For example, in the stores of Aldi, the customer representative team has
to work with collaboration to provide the satisfactory service to the customers.
Right from welcoming the customers to the stores to understanding their needs,
offering them with available option and helping them to make the buying
decision, all this has to be done with the help of team members in the team
(Schmutz, Meier and Manser 2019).
2. Team work is evident in the logistics management of Aldi. The company finance
department allocates the cost and resources for the inventories. Then the human
resource department keeps the track of the inventories and provides it to the store
management teams (Mustafa, Glavee-Geo and Rice 2017). Again, the store
management team has to keep record of the sold products and inform the other
inventory team about the store requirement and storage.

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Financial Management and its Importance
Financial management is important for a firm to keep all other departments working.
Finance is the base of any organisations functions, if there is lack of money, the firm would
not be able to produce effectively. The importance of financial management could be
classified in four parts- planning and budgeting, resource allocation, monitoring, operation
and safeguarding and finally evaluation and making financial reports. The business concerns
of the firm is fulfilled by the financial management of the firm. Aldi publishes its financial
reports each year in order to keep record of their expenditure and profits. The company’s
finance department has the responsibility to allocate the resources and monitoring the
operations in the departments. Acquisition of funds in the departments according to their
requirements is done by the financial management plan. Other than that, the finance and
accounting department also takes care of the investors and funding resources for Aldi.
The right allocation of the fund could actually reduce the cost and increase the profit
margins. This is why, the Aldi Ltd, has been able to increase their business even if they sell
their products in the lowest price in comparison to other two supermarket brands. The
financial department of the company works with direct collaboration with other departments
to understand the requirements. There lies the importance of collaborative work as it is
instrumental to control, analyse and evaluate the financial decision making process.
Reporting and Its Importance
The business report provides the information of the company’s valuable aspects for
any industry or enterprise. The performance measurement is an important part of any
organisation. as opined by McNally, Cerbone and Maroun (2017), this allows the company to
understand and analyse their problems or the profit charts. There are several types of business
reports for various purposes. Some of the reports are the legal necessity. For example, Aldi

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has to maintain their financial report and publish it every year so that it could manage its
taxes and all other governmental issues. The regular business reporting is about the
information that the company has to provide to their stakeholders, the investors or the
customers as well (Stubbs and Higgins 2018). The main objective of the business report is to
analyse how the company is performing and what changes are required to achieve higher
business goals.
Balance sheet
The financial position of the company is started through the balance sheet. This is the
financial statement that is for the interested party who are interested in the facts of what the
company earned and what it owes till now. The investors especially show their interests in
balance sheets as they have to know how their money is been utilised by the company they
have invested.
Figure: Aldi Balance Sheet

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(Source: Aldi.com)
Profit and loss account
Aldi provides its annual profit and loss account in order to show the information of its
income and expenses. The profit and loss statements are also use to understand the future
scopes and business directions of the company. The profit and loss account helps the
company to forecast their future business gains or loss. Therefore, it is one of the most
important reports for a company. The accounting department keeps the track of the profit and
loss and publishes it at the year-end usually.
Figure: Profit loss account of Aldi (2015)
(Source: Aldi.com)
Conclusion
The above discussion shows that the departments and their role in business building
are quite impactful. All the departments need to work with collaboration with the other to

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perform at their best level. The Aldi is one of the highly growing supermarket chain in
Australia. The company has been successful in achieving immense success in their business
because of their product qualities and effective departmental works. Role of different
department and their work process are different, but they have to work in collaboration. The
financial department and the human resource department have their roles to play in Aldi but
at the same time, they would not be able to achieve success if the works are not done through
effective communication with each other. The importance of reporting in business industries
lies in the stakeholder’s right and company performance. These reports helps the company
and its stakeholder to keep track of their performance and profits.

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References
Gremyr, I., Elg, M., Hellström, A., Martin, J. and Witell, L., 2019. The roles of quality
departments and their influence on business results. Total Quality Management &
Business Excellence, pp.1-12.
Kakabadse, A. and Bank, J., 2018. Working in organisations. Routledge.
Klassen, K.J., Lisowsky, P. and Mescall, D., 2016. The role of auditors, non-auditors, and
internal tax departments in corporate tax aggressiveness. The Accounting Review, 91(1),
pp.179-205.
Lescure, M., 2019. From the function of finance to financial departments. Entreprises et
histoire, (2), pp.5-15.
McNally, M.A., Cerbone, D. and Maroun, W., 2017. Exploring the challenges of
preparing an integrated report. Meditari Accountancy Research.
Mohanty, A. and Mohanty, S., 2018. The impact of communication and group dynamics
on teamwork effectiveness: The case of service sector organisations. Academy of
Strategic Management Journal, 17(4), pp.1-14.
Mustafa, G., Glavee-Geo, R. and Rice, P.M., 2017. Teamwork orientation and personal
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Industrial Psychology, 43(1), pp.1-13.
Ogbonnaya, C., 2019. Exploring possible trade‐offs between organisational performance
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Management Journal, 29(3), pp.451-468.
Schmutz, J.B., Meier, L.L. and Manser, T., 2019. How effective is teamwork really? The
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