The Role and Importance of Business Functions Working Together at Asda

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Added on  2022/12/16

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This essay examines the significance of business functions within Asda, a prominent British supermarket. It identifies core functions such as marketing, finance, operations/production, and human resources, detailing their individual roles and contributions to the company's success. The essay emphasizes the importance of these functions working collaboratively to achieve organizational goals, highlighting how each department relies on the others to ensure smooth workflow and overall effectiveness. It concludes that the proper functioning and interrelation of these business functions are crucial for Asda to maintain efficiency, adapt to changing environments, and achieve its objectives through effective strategies and cross-departmental communication. Desklib provides this and other solved assignments for students.
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Business Asda
Business Functions
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Different Business Functions.................................................................................................3
Importance of the Business Functions Working Together for Asda......................................3
CONCLUSION................................................................................................................................4
REFERNCES...................................................................................................................................5
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INTRODUCTION
Business Functions includes the activities conducted so as to ensure effective functioning of
the organisation. The main aim of these functions is to maximise the profit margins. These
business functions are bifurcated as core functions, they add value in the business and support
functions they are the ancillary activities which are required for core functions (Haulder, Kumar
and Shiwakoti, 2019). The essay examines the significance of business functions in Asda, a
leading British supermarket.
MAIN BODY
Different Business Functions
Marketing is one of the essential business activity which is used by the organisation to
promote its products or services in the market. This activity helps to draw attention of customers
towards its products or services. The marketing activity is beneficial for Asda Company as it
helps to formulate effective strategy in response to it. Further it helps the company to meet its
objective of customer satisfaction effectively.
Finance Department is responsible for the efficient financial functions in the organisation.
These functions aims to control the financial activities and also devise planning to maximise its
resources (Strike and et. al., 2017). The department helps the Asda Company with necessary
information to formulate strategic decision and further ensures the financial track.
Operation/Production functions helps in to illustrate policies in order to transform
effectively the resources of the organisation into final goods. They devise policies which may
add value to its products or services. The department ensures the smooth and efficient workflow
of the Asda Company. Further it provides the company with the insight view of workflow.
Human Resource functions helps the organisation in finding best recruits and applicants
through various process such as recruiting, selecting, training and programming. The department
plays crucial role in maintaining the brand image of Asda Company. Its process helps to devise
skilled workforce which will help the company to achieve its desired goals (Shinde, 2018).
Importance of the Business Functions Working Together for Asda
The main business functions which need to carry in the organisation are discussed above.
Together these functions help the company to achieve its goals as they contribute differently in
the organisation. The common aim of all these functions are to attain efficiency and effectiveness
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in the company. Anecdotally, the company is formulating strategies keeping in view the
changing environment (Zhao and et. al., 2019). Proper working of the business functions help the
Asda to acquire effective organisation structure.
As business function being an integral part of the organisation are interrelated to each other.
The operation/production department requires raw material in order to transform into final goods
which can be obtained from suppliers in exchange of fund. Finance department help the
company to allot funds for raw material (Sroufe, 2017). Further human resources department
helps to provide the skilled workforce in the production department to ensure smooth workflow.
Lastly Marketing department with its activities help the company to promote its final goods in
the market. Thus, all the functions collaboratively contribute towards organisational goals.
The cross departmental communication is considered as key to success as it makes the
information flow in the organisation effectively and efficiently. It helps the increase the level of
productivity in the company. Further it helps in building strong employment relations in the
company.
CONCLUSION
Form the above essay it is concluded that the various sources are used while evaluating the
topics. The sources used are accurate and can be relied upon. Further the essay examined the
importance of business function and their role in the Asda Company. Also shown how these are
interrelated in order to achieve organisational goals.
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REFERNCES
Books and Journals
Haulder, N., Kumar, A. and Shiwakoti, N., 2019. An analysis of core functions offered by
software packages aimed at the supply chain management software market. Computers &
Industrial Engineering. 138. p.106116.
Shinde, S.V., 2018. Functions of management. Lulu. com.
Sroufe, R., 2017. Integration and organizational change towards sustainability. Journal of
Cleaner Production. 162. pp.315-329.
Strike and et. al., 2017. The functions of strategic planning. Higher Education Strategy and
Planning: A Professional Guide. p.30.
Zhao and et. al., 2019. The roles of aspirations, coefficients and utility functions in multiple
objective decision making. Computers & Industrial Engineering. 135. pp.227-235.
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