Graduate Challenge: Analysis of Key Business Departments and Functions

This report delves into the functions and significance of various departments within an organization. It examines the roles of marketing, finance, operation/production, and human resources, highlighting their individual contributions and interdependencies. The marketing division focuses on meeting customer needs and aligning them with organizational objectives, while finance manages financial resources. The operation/production department ensures smooth and profitable production, and human resources handles employee-related activities. The report emphasizes the importance of coordination and communication between these departments for achieving organizational goals, supported by examples like Asda's departmental practices. The conclusion reinforces the crucial role of each department and their collective effort in attaining desired business objectives.

Graduate Challenge
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INTRODUCTION...............................................................................................................................2
MAIN BODY.......................................................................................................................................2
Marketing..........................................................................................................................................2
Finance..............................................................................................................................................2
Operation/production.........................................................................................................................3
Human resource.................................................................................................................................3
Importance.........................................................................................................................................3
CONCLUSION....................................................................................................................................3
REFERENCES....................................................................................................................................4

INTRODUCTION
In an organisation there are several department or function who perform different
tasks. Activities or task done by these divisions are in accordance of personnel’s academic as
well as professional skills. This report will be going to discuss different department along
with their importance.
MAIN BODY
Marketing
Marketing division role is generally meeting customer’s needs and wants as well as
making them align with organisational objectives. In addition to this, it provides assistance to
company by impact in wider market and also by offering better services to customer which
help in making needs and wants satisfy (Ayyagari, Demirgüç-Kunt and Maksimovic, 2011).
For instance, marketing manager of Asda conduct research which provide assistance to them
in identifying customers needs and wants in effective manner and also results in making
satisfy.
Finance
Finance is the backbone of business because without inappropriate funds it will not be
easy for business to conduct operations. This department is concerned with management of
financial resources of business firm (Wing, 2016). In addition to this, finance division
includes acquisition and optimum utilisation of funds which are essential for smooth
operations in business. Role of finance division is generally related with financial
management which mean strengthen financial position. For instance, Asda’s financial
conduction is good and transparent which is possible because of finance department.
Operation/production
Main purpose of production department is facilitating profitable and smooth
production in company. Moreover, main role of division is to keep running business in
effectual manner. If production in organisation het stop than it may hamper other functions
also (Hawkins and Mothersbaugh, 2010). They also have to ensure that production have to be
of good quality which result in making customer satisfy. For instance, Asda in multi brand
business in United Kingdom which become possible because of their production and
operation facilities.

Human resource
HR department is responsible for managing each and every activity of business and
employees also. In an organisation major role of HR is to fill vacant position by recruiting
and selection process (HR practices, 2020.). Along with this, several other roles are also
performed by HR division such as training, employee relation, managing grievances of staff
and many more. For instance, Asda is supermarket chain at leading position and reason
behind their success is effective Human resource management.
Importance
It is important for an organisation to have different department with good
coordination as well as communication among them (Tiainen, 2019). Because without proper
communication it will get impossible for manager to accomplish desired objectives, as every
division work is totally depended on each other, for instance, production division should have
to know forecasted sales from marketing department for initiating production. Apart from
this, another example is that each and every department is depended on finance division for
funds purpose (Mutheneni and et. al., 2017). Although, above mention examples clearly show
that every division are interrelated with each other.
CONCLUSION
After going through this report, it has been concluded that in an organisation there are
distinct department such as marketing, finance, operation/productions and human resources.
Each and every division play important role within a business firm and when every division
work together it results in accomplishing desired goals and objectives.

REFERENCES
Books and journals
Ayyagari, M., Demirgüç-Kunt, A. and Maksimovic, V., 2011. Firm innovation in emerging
markets: The role of finance, governance, and competition. Journal of Financial and
Quantitative Analysis. 46(6). pp.1545-1580.
Hawkins, D. I. and Mothersbaugh, D. L., 2010. Consumer behavior: Building marketing
strategy. Boston: McGraw-Hill Irwin,.
Tiainen, E., 2019. Optimizing production by harmonizing product specifications: company
X, division X.
Mutheneni, S. R. and et. al., 2017. Dengue burden in India: recent trends and importance of
climatic parameters. Emerging microbes & infections, 6(1), pp.1-10.
Wing, E. A. S., 2016. Finance division. Government of Pakistan,“Pakistan Economic
Survey”, Varios números.
Online
HR practices. 2020. [Online]. Available through:
<https://www.humanresourcesmba.net/worlds-30-innovative-corporate-human-
resources-departments/>