Exploring Business Functions: MG408 Graduate Challenge Business Report

This report provides an overview of essential business functions, including marketing, finance, human resources, and operations, emphasizing their individual roles and the importance of their interconnectedness within an organization. It highlights how these functions contribute to the overall success of a business by ensuring efficient operations, effective management of funds, strategic marketing, and competent human resource management. The report underscores the necessity for these functions to collaborate effectively to achieve organizational goals and maintain a competitive edge, with a conclusion that appreciates managing students for their future.

[Type the company name]
Graduate Challenge
CW1 Business Report-
NEW BUCKS ID NUMBER :
Word Count 550

Table of Contents Page Numbers
1.1Executive Summary 3
1.2 Introduction 3
1.3Marketing 3
1.4Finance 3
1.5Human Resources 4
1.6Operations/ Productions 4
1.7How Business Functions Link 4
1.8Conclusion 5
1.9References 6
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1.1Executive Summary
Business function is an activity that performed to enhance the function of the business by the
department of organization. This report includes the importance of different business
functions and academic skills of students.
1.2 Introduction
Business function determined the level of the organization that shows the working behaviour
of the company and their capabilities. Business function also ensure the company runs
properly and does well for their customers. Function of business are method to view the
process and procedure of the business. This report show the link between business function.
1.3 Marketing
marketing include all those activities that company needs to run their company for increase
their productivity of goods and services. Like, promoting the goods and services of the
company. Most of the business uses inside out approach for their business to doing marketing
(Lai, 2021). business function main aim to strategies the all operation business and operate
them to see the business mission and vision. Strategy in the business analyze the competition
in the business and how they will access the opportunity.
1.4 Finance
finance function of the business need planning for managing the business funds for long-term
or short term. Business finance department is answerable for the funding and loans that
business taken or going to take (Cannella-Malone, Dueker, Barczak, and Brock, 2021).
accounting provide the business to gain information about the resources and work done by
the company. Ultimate goal of this method is to analyse the transaction of the business in
internal and external. There are two types of accounting; financial accounting and managerial
accounting. In financial primary work is preparation of financial statement. In managerial
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accounting providing information about the budget, asset, and business performance
appraisal.
1.5 Human Resources
human resource are the top management of the organization that hire employee that suitable
for their company, and they have ability to hire the employee and manage them in the
coordinating way for the business they run. (Zelazo, Forston, Masten, and Carlson,2018).
1.6 Operations/ Production
operation is the process where the input converted into output for e.g., Students will apply the
skills they learn and train for. Operation is the main part of the business. In many start-up
businesses the business operation perform many roles for run the business in the initially
period.
1.7 How Business Functions link Together
Businesses are frequently divided into divisions that rely on one another for success. The
closer the departments collaborate, the better the chances of success. The operation,
management, finance, human resource are all interrelated to each other in business to work
together.
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1.8 Conclusions
Business function mainly used for mange the activity in the company. This report concludes
the appreciation and managing students for their future before their work life start would
great for them.
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1.9 References
Cannella-Malone, H.I., Dueker, S.A., Barczak, M.A. and Brock, M.E., 2021. Teaching
academic skills to students with significant intellectual disabilities: A systematic
review of the single-case design literature. Journal of Intellectual Disabilities.25(3).
pp.387-404.
Lai, Z., 2021. Research on Advertising Core Business Reformation Driven by Artificial
Intelligence. In Journal of Physics: Conference Series (Vol. 1757, No. 1, p. 012018).
IOP Publishing.
Sagnak, M., Ada, N., Kazancoglu, Y. and Tayaksi, C., 2017. Quality function deployment
application for improving quality of education in business schools. Journal of
Education for Business.92(5). pp.230-237.
Zelazo, P.D., Forston, J.L., Masten, A.S. and Carlson, S.M., 2018. Mindfulness plus
reflection training: Effects on executive function in early childhood. Frontiers in
psychology.9. p.208.
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