Analyzing Core Business Functions and Their Role in Market Success

This report provides an overview of core business functions and their importance in achieving organizational goals. It explores the roles of sales and marketing, HR management, and accounting and finance, highlighting how these functions contribute to a company's success. The report emphasizes the interconnectedness of these departments, using examples like Tesco to illustrate how effective integration leads to better outcomes. It discusses the significance of each function in terms of its activities and objectives, concluding that a well-managed approach to these core areas is essential for driving efficiency, managing tasks, and achieving overall business objectives. The report also includes references to relevant literature, supporting its analysis with academic sources.

Business Report

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Importance of business function.............................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
The term business functions refer to the activities which is performed and carried by an
enterprise for performing organisational work in an accurate manner. Core business function
such as sales, production and marketing etc. are motivated towards accomplish of organisational
goals and objectives to yield better income from production of goods and services. This report
highlights on different business function and their importance to accomplish success in market.
MAIN BODY
Importance of business function
Functions and operations play an important role but it relates with industry and service that aids
to set perform different functions with more efficiency and effectiveness. Production, marketing,
sales and accounting are some important functions of an organisation (Baker and Niederman,
2014). Moreover, all departments are inter-related with each other and this leads management to
perform work in an organised manner. This also maximise success which is used in completing
all work by inter-relating with each other. Business function is defined as a process which is used
to ensure and perform all functions according to decided task and objectives. Example- TESCO
performs function by inter-relating with each other for completing task as per objectives. In
simple terms, start-ups are defined as a perspective which is used to complete all work with
creative agency. As the company grow, its manager hire experts for completion of activities to
complete all task with involvement of different business departments.
The term corporation define specialized departments to complete all work according to
number of activities. With depending on nature of organisation, it is defined as a design
department, marketing department, human resource department and many more. Moreover,
activities generate income and define enterprise value to manage and control all activities as per
core business function. Some important functions are discussed as below:
Sales and Marketing- These two business capacities are regularly done by a similar office.
The function of deals and advertising offices is to advance the business and connect with
possibilities, potential and existing accomplices, financial specialists and then some. Its ultimate
objective is to produce deals and increment brand mindfulness (Fareri and et. al., 2018). Deals
and showcasing experts are answerable for exploring the market to intended the interest group,
observing the organization's picture via online media, making promoting efforts and gaining new

clients. Example- TESCO obtains better results by performing work through managing both
functions with each other properly.
HR Management- (HR) the executives is one of the main business offices for organizations
with countless representatives. HR masters are answerable for drawing in ability, screening
expected up-and-comers, overseeing worker relations and keeping up ideal working conditions.
The HR division additionally needs to guarantee consistence with work and business laws,
address representative requests and tackle clashes. In numerous associations, these specialists
create preparing programs for new representatives to assist them with getting to know the
organization's way of life and qualities. Example- TESCO HR department recruit professional
individuals to improve functional performance (Vandekerckhove and Ramioul, 2015).
Accounting and Finance- As an entrepreneur, organisation may re-appropriate
bookkeeping or handle this assignment all alone (Zoroja, Pejic Bach and Ćurko, 2014). In the
event management intend to recruit workers or extend all activities, getting proficient assistance
is an unquestionable requirement. For this situation, it merits setting up a bookkeeping and
money division. Example- TESCO performs all task and objectives with completing functions
within decided budget. The business elements of this division incorporate preparing charge
instalments and documenting expense forms, invoicing clients, surveying the organization's
money related execution and monitoring orders.
CONCLUSION
With the analyse of above report it is concluded by management that business functions
perform an important role and this leads to complete all work with more efficiency. Along with
this there all task are managed and controlled with analyse of business objectives to manage all
functions with an appropriate manner.

REFERENCES
Books and Journals
Baker, E.W. and Niederman, F., 2014. Integrating the IS functions after mergers and
acquisitions: Analyzing business-IT alignment. The Journal of Strategic Information
Systems, 23(2), pp.112-127.
Fareri, S and et. al., 2018. Workers 4.0: skills, profiles and jobs in different business
functions. Economy, employment and skills: European, regional and global perspectives
in an age of uncertainty, p.95.
Vandekerckhove, S. and Ramioul, M., 2015. Using business functions to identify new and
growing jobs. In Hard Work in New Jobs (pp. 35-48). Palgrave Macmillan, London.
Zoroja, J., Pejic Bach, M. and Ćurko, K., 2014. Data Mining Applications Framework for
Business Organizations: Business Functions Approach. The Business Review,
Cambridge, p.119.