MG408 Business Report: Analyzing Key Business Functions & Integration

This business report examines the critical functions within an organization, including marketing, finance, human resources, and operations/production, using Tesco as an example. It highlights the importance of each function and how they interlink to contribute to the overall success of the business. The report emphasizes the need for effective management and integration of these functions to overcome challenges and achieve business objectives, referencing academic texts to support its analysis. It concludes that a well-coordinated approach across these functions is essential for sustained growth and expansion.

Business Report

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Marketing...............................................................................................................................3
Finance...................................................................................................................................3
Human resource......................................................................................................................3
Operations/productions...........................................................................................................3
How business function links...................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES:...............................................................................................................................6
Books and Journals.................................................................................................................6

INTRODUCTION
This business report majorly focuses on the challenges and problems which are usually
focused by an organisation (Bolton and et.al., 2018). This report will discuss different functions
and operations are performed on regular basis such as finance, advertising, human resource
management, branding, advertising.
MAIN BODY
Organisations involve number of challenges which requires right skills to overcome
them. Different departments require respective skills according to the requirements such as
critical thinking, communication, decision making, consistency and time management.
Marketing
It is responsible for increasing the brand awareness of products with the help of
advertisements. Tesco uses marketing function so that they can overcome the T shirt challenge
which regulates their revenue generation. They focus on different designs, patterns and colours
which attract their customers.
Finance
It regulates all the transactions related to cost and capital in business so that they can
commence operations (Kim, 2018). Tesco can effectively eliminate presentation challenge so
that they can invest in appropriate advertisement. Balanced budget and finances help
organisation in providing training to their employees so that they can inherit presentation skills in
desired manner.
Human resource
Every organisation aims at managing their human resource in effective manner as they are
responsible for carrying out operations. Tesco hires diversified workforce so that they can
accomplish their goals. The apprenticeship challenges help them in inspiring teams and improves
communication skills so that workforce can involve creative ideas. Business objectives can be
easily achieved by focusing on this challenge.

Operations/productions
Tesco focus on maintaining required standards in their operations so that they can offer
higher quality products and services. They develop healthy relations with their suppliers so that
they get raw material and equipment in cost effective manner (O’Dochartaigh, 2019). Strategic
decisions are formulated by Tesco so that they can maintain accuracy in their production
procedures. It helps them in eliminating various challenges from business.
How business function links
Business involves numbers of operations which are directly and indirectly linked with each
other. Tesco hires experienced human resource who can effectively handle all the operations
related to marketing, finance, productions, etc. Combination of all these activities are responsible
for growth and success of business.

CONCLUSION
From the above report it can be concluded that organisations involve various challenges
which affect their growth and operations. Several functions are carried out by employees in day
to day basis which are responsible for the appropriate growth and expansion of business. Various
functions of business organisation are linked to these challenges.

REFERENCES:
Books and Journals
Bolton and et.al., 2018. The power of human-machine collaboration: Artificial intelligence,
business automation, and the smart economy. Economics, Management, and Financial
Markets, 13(4), pp.51-57.
Kim, T., 2018. Goldman Sachs asks in biotech research report:‘Is curing patients a sustainable
business model?’. CNBC.
O’Dochartaigh, A., 2019. No more fairytales: A quest for alternative narratives of sustainable
business. Accounting, Auditing & Accountability Journal.