MG408 Business Functions: Importance in Successful Organizations

This business report analyzes the importance of key business functions—Human Resources, Finance, Production, and Marketing—within an organizational context, using Sainsbury's as a practical example. It highlights how each function contributes to the overall success and revenue generation of the company. The report emphasizes the necessity of effective communication and coordination between these departments to ensure efficient business operations and maintain a competitive edge in the market. It concludes that maintaining these business functions is invaluable for any company, providing a range of benefits that contribute to its sustainability and growth.

BUSINESS REPORT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Importance of the business functions:.........................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business functions are the effective tools which is carried by the organization, it defines
the internal functionalities which is present by the businesses to develop products and services
(Painter and et.al 2019). Sainsbury is the second largest super market chain in UK market
headquarter in London, England, United Kingdom. This report will define the importance of the
business functions.
MAIN BODY
Importance of the business functions:
It provides the framework which is required for viewing the business processes.
Organization main purpose is to improve their functionalities to achieve good revenues. For the
Sainsbury it is essential to organize their business function as they are interrelated to each other.
Human resource function:
Human resource is the most effective function which recruit the new candidate for the
organization. Human resource team plays most important role in company's business function as
they manage the resources also hire the candidate which is suitable for their work culture. Their
work also involve the training and coaching session for the employee so that they will able to
carry out their work effectively. Sainsbury company has good human resource therefore they are
able to acquire the good position in the market.
Finance function:
Finance function is the most important business process in which the finance
management team maintain all the investment or to control the financial resource planning. Good
control over this can enable the company to achieve good revenues or to make investment on
other projects. For the Sainsbury company it is necessary that their employees have great skills to
manage all the budget to make availability of fund in any situation as if their firm required a
immediate fund for the specific operation then in such they do not need to struggle for finances
(Munsamy, Telukdarie and Fresner, 2019).
Production function:
It is define as the connection between the quantity factors as employee or capital which is
essential for carry out any operation to produce the product. It involves the planning, strategies
which can be used to design the desire product. As for the Sainsbury company their production

team must be efficient to produce the product which is able to fulfil the demands of the customer
in the market.
Marketing function:
Marketing function is the most beneficial or important tool for any business. It is capable
of increasing the brand value of the organization in the market. It involves the tools which are
effective to promote the items so that it will attract the attention of the customer in the market. It
is important for the Sainsbury company to give this major responsibility to their employees who
are proficient in marketing field (Asaul and Asaul, 2018). It enables the company to conduct
good research on market through which they can use the marketing approach to promote their
items. Various platform as social media, mobile application can be effective for advertisement of
the products.
Therefore it is important for the organization to maintain all their business function with
care as to enable the effective communication between the department. It will help to manage the
business efficiently.
CONCLUSION
It is summarized from the above as maintaining the business function would be a treasure
for the company as it provides range of benefits. This report described the human resource,
production, finance and marketing business functions.

REFERENCES
Books and Journals
Asaul, A. and Asaul, M., 2018. Implementation of development function of business entity in
investment and construction cycle. European Journal of Natural History. (3). pp.35-38.
Munsamy, M., Telukdarie, A. and Fresner, J., 2019. Business process centric energy
modelling. Business Process Management Journal.
Painter, M. and et.al 2019. Sharing vocabularies: Towards horizontal alignment of values-driven
business functions. Journal of Business Ethics. 155(4). pp.965-979.