Comprehensive Report: Amazon's Departments, Finance, and Strategies

This report provides a comprehensive analysis of Amazon, examining its various departments including marketing, human resources, and finance, and their respective roles within the organization. It explores the significance of teamwork, highlighting its benefits and impact on company success. The report delves into collaborative work practices between departments and discusses the importance of financial management, including reporting methods like balance sheets and profit & loss accounts. The analysis covers key aspects of Amazon's operations, offering insights into its business strategies and financial performance. The report concludes by emphasizing the importance of departmental synergy and effective financial management for achieving organizational goals and overall business success. The document is contributed by a student to be published on the website Desklib. Desklib is a platform which provides all the necessary AI based study tools for students.

Introduction to business
studies- report

Executive Summary
Business studies is an academic subject and it is a combination of several study such as
marketing, HR, finance, accountancy as well as economics. As business activities influenced
daily lives of all humans as it helps in giving solutions of their problems and needs. In this report
discussed about the organisational departments, team work, financial management, reporting,
collaborative work practices and so on.

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Departments in an organisation.......................................................................................................1
1)Marketing department.........................................................................................................1
2) Human resource department..............................................................................................2
3) Finance department............................................................................................................2
Team Work......................................................................................................................................3
Why it is important to work in a team....................................................................................3
What are the benefits of working in a team............................................................................3
How team work benefits to the company success..................................................................3
Relate with company..............................................................................................................3
Collaborative Work Practice............................................................................................................4
How two departments work together.....................................................................................4
Financial management............................................................................................................4
Importance of financial management.....................................................................................4
What is reporting and its purpose...........................................................................................4
Explain any two...............................................................................................................................4
Balance sheet..........................................................................................................................4
Profit & loss account..............................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business defined as a place where many people works together in order to accomplish
organisational objectives and earning profits (Mäkikangas, 2016). It is divided in many
departments such as marketing, finance, human resource etc. which helps in performing
operational activities and deliver better goods and services to their customers. In this report
Amazon is chosen which is an American multinational technology company which focused on
cloud computing, artificial intelligence, e-commerce etc. Within the context of Amazon, discuss
the roles and importance of different departments, importance of team work, financial
management, reporting, collaboration between two departments, balance sheet, profit and loss
account.
MAIN BODY
Departments in an organisation
Organisation is a business corporation in which multiple people are working together in
order to attain organisational goals and objectives. Within the context of Amazon, several
departments includes HR, finance, marketing, HR, operation management and so on that makes
it easy for businesses to perform complex and various activities for achieving a common
objective.
1)Marketing department.
Definition:
It is a department of Amazon that builds the transparent relation with the customers and
promotes their business and drives the sale of their product and services to the customer. It also
provides the market analysis by which Amazon set their target customer which leads to increase
the sales of the company (Koo, 2016).
Role:
Marketing department plays a important role in Amazon as it promotes the product in the
market by which maximum number of customer get attracted towards their product. The major
role of this department is to reach out to maximum people and builds a positive image in people
mind and conduct the market research which provides the information about the need and
expectation of the customer.
Importance:

This is very important and needed department of Amazon as it provides the market
research by which company analyse different factor which is needed for the growth and
development.
Relate with company:
As Amazon is the e-commerce business thus there complete sale depends on the
marketing department as they are in direct contact with the customers and provides required
market research to the company that leads to the success of the company (Kakabadse, 2018).
2) Human resource department.
Definition:
This department of Amazon deals with the recruiting, interviewing, and placing of
workers and also handle the employee training and development, benefits, payments,relations
etc. HR department makes different plan and strategy that measures the growth and development
of the company.
Role:
The major role of human resource department of Amazon is to build the strong relation
between the employees and the workers. HR manager of Amazon works to satisfy the need of
every employee by which they get motivate and work with more commitment.
Importance:
This is a very important department of Amazon as the main work of this department is to
build employee confidence in the employee by which they work with more enthusiasm. and
make a competitive environment by which everyone works with more focus and concentration
that provides the success to the Amazon (Sunder, 2018).
Relate with company:
HR department of Amazon leads to change the performance of the employee by proving
training by which the collective performance of the company and employee will raised that helps
to company's growth.
3) Finance department.
Definition:
This is the department that deals with the monetary funds of Amazon and manage,
control, auditing the finance of the company. It deals with the purchasing of raw material,goods,
labour cost, asset, liability and measure other economic activities of Amazon as well.

Role:
This department of Amazon deals with the inflow and outflow of cash, the major role of
this department is to keep the record of every activity of the company, make suitable budget for
the company, manage the taxes and investment (Gupta, 2017).
Importance:
This is the important department of Amazon as it deals with the cash flows thus this
department makes sure that cash is always available in the company, and by which the Amazon
effectively and efficiently achieve their goals and objectives without any hindrance.
Relate with company:
As Amazon is the e-commerce business that deals with several product thus it is finance
department responsibility to make the cash always circulated in the company by which there is a
continuous production of all the product which leads to attain the profit (Zietlow, 2018).
Team Work
Why it is important to work in a team.
Team work is a collective effort of all the members of the team who achieve the goals
and objective of Amazon within a particular period of time. It is the major aspect of the
company's success if every member of the team is committed towards their work and completely
focused to achieve their goals that leads to the overall success of employee's as well Amazon.
What are the benefits of working in a team.
There are several benefits of working is team are as it increases the productivity,
generation on more creative ideas, comes with better solutions, more effective outcome is
generated (Frank, 2017).
How team work benefits to the company success.
The effort of team includes the generation of creative ideas, and one person is a leader
who leads the teams and assign the roles to all individual by which every one is aware towards
their goal, thus that makes the effective result that results to the company's success.
Relate with company.
Amazon have different department and every department have their team that works to
achieve the target and that result to the collective outcome of all the department that leads the
success of amazon (Rowley, 2016).

Collaborative Work Practice
How two departments work together.
Amazon have different department that work together on some projects to gain the profit
and that work together by sharing their views and strategy and make a succession plan that is
followed by all the members of that department. As both the department depends shares their
opinion by which they comes with best outcomes which enhances the growth of the company.
Financial management.
It includes the planning, controlling, defining, staffing and monitoring of different source
of funds that is presented in the business. It deals with the analysis of the cash flow and
investment of a company that help in the decision-making process of company (Burtonshaw-
Gunn, 2017).
Importance of financial management.
Financial management is important as it plan tax payment at a particular period of time, it
leads to proper allocation of funds, helps to provide the control on financial factors and
decisions, provides stability in the firm, it also promotes the saving that all helps the company to
measure the success.
What is reporting and its purpose.
Report is systematic format that contains all the required information, analysis, research
about the company. The purpose of report is that it covers the all the important topics which is
used to present that report to the specific audience.
Explain any two
Balance sheet.
It is defined as a financial statement which reports Amazon's assets, liabilities as well as
stakeholders equity for a particular period of time (Bratton, 2017). It is important to use in an
organisation as it facilitates a picture of firm's account as it helps in knowing actual financial
position of business. Balance sheet is essential tool for the owner for insights the financial
situations and for investors to take the investment decision regarding the company.

(Source : Balance Sheet, 2019)
Profit & loss account.
It is also considered as a financial statement as it summarize costs, revenues as well as
expenses that are occurred during a financial year (Reid, 2018). This helps in showing the
abilities or inabilities of Amazon's in order to make profits by minimising cost and raising
revenue. As it shows that how revenues are transformed into net profits or incomes and used to
calculate income as well as corporation tax of company. It can be managed by the finance
manager and used for attracting investors.

(Source : Profit & Loss Account, 2019)
CONCLUSION
It has been concluded from the above report that all the departments of an organisation
are most significant for their operational activities. As all these have their own roles and
responsibilities and required for accomplishing the objectives and goals in an effective way.
Whereas, collaborative work practices helps in achieving the success and growth of each
department and manage business finance adequately. Along with this, financial management is
necessary for managing the financial position of business along with the better investment.
Overall this will help in earning more profitability and better coordination of all activities that is
essential for all businesses.

REFERENCES
Books & Journals
Bratton, J. and Gold, J., 2017. Human resource management: theory and practice. Palgrave.
Burtonshaw-Gunn, S.A., 2017. Risk and financial management in construction. Routledge.
Frank, M.C. and et. al., 2017. A collaborative approach to infant research: Promoting
reproducibility, best practices, and theory‐building. Infancy. 22(4). pp.421-435.
Gupta, S. and et. al., 2017. Digital revolutions in public finance. Washington, DC: International
Monetary Fund.
Kakabadse, A. and Bank, J., 2018. Working in organisations. Routledge.
Koo, T.K. and Li, M.Y., 2016. A guideline of selecting and reporting intraclass correlation
coefficients for reliability research. Journal of chiropractic medicine. 15(2). pp.155-
163.
Mäkikangas, A. and et. al., 2016. Work engagement–team performance relationship: shared job
crafting as a moderator. Journal of Occupational and Organizational Psychology.
89(4). pp.772-790.
Reid, W., 2018. The meaning of company accounts. Routledge.
Rowley, J., 2016. Information marketing. Routledge.
Sunder, J. amd et. al., 2018. Balance sheet conservatism and debt contracting. Contemporary
Accounting Research. 35(1). pp.494-524.
Zietlow, J. and et. al., 2018. Financial management for nonprofit organizations: policies and
practices. John Wiley & Sons.