Business Functions: Roles, Relationships, and Impact on Companies

This report provides an overview of key business functions and their interrelationships within a company. It focuses on three primary functions: Human Resources (HR), Marketing, and Managing Information. The report explains the role of HR in employee management, training, and maintaining employee relations, emphasizing its importance in fostering a strong company ethos. The marketing function is discussed in terms of its role in promoting products, creating brand awareness, and engaging customers. The managing information function is presented as essential for improving market competitiveness, decision-making, and strategy development. The report highlights the strong interdependencies among these functions, illustrating how marketing informs HR about customer needs, and how managing information helps evaluate company performance. It concludes that the effective collaboration of these departments is crucial for achieving business goals and sustaining a positive brand image, underlining the importance of a holistic approach to business operations. References include Haag, L. and Sandberg, E., Grigorescu, A., Maer-Matei, M.M., Mocanu, C. and Zamfir, A.M., Hacioglu, U., Ergün, S., and et.al.

Poster
INTRODUCION
The current poster is based upon the business function and how
they help a company to meet define roles. This helps to shed light upon
different business function and their interrelationship between each other.
In every business, there are some key departments who help the business to meet the
define aim. Also, a business function refers as a set of activities which is performed by
the department in order to generate best output such that HR department, Research and
development department, Operation management, Finance Department etc. Therefore,
these three key business functions helps them to meet define aim which are as mention:
Human Resource (HR): HR consider as a pillar of a business because
it evolving and strengthening the ethos of an organization. HR
department is also liable for enactment management, training and
development, enrollment and onboarding the morals of a business. With
the help of HR department, company get the best employees who assist
the business to meet define aim and objectives. They are also liable for
employee satisfaction and maintain employee relationship and develop
strategies in order to strengthen the employee-employer relationship.
This department is also responsible for performance improvement and
for that, HR Department provides training and development session
which help to analyse the actual performance of a company.
Managing information: It helps to become
more competitive in the market and also report
and identifies what is working and what not.
Through this, the company is able to recognize
the actual performance and owners of the firm
also make decisions which in turn help to
improve the business decision. Further, through
managing information, strategies can develop
and implement processes which based upon
them. Not only this, it also improve efficiency
and gaining competitive advantage which
means enhance profit.
Marketing: Another important business
function which informs the customers about a
product and services that a firm is offering.
Each company has their own marketing styles
which makes themselves different from their
rivals. Therefore, through marketing,
customer come to know the values of a
products, which in turn helps user to choose
the right brand among many. Moreover,
through effective marketing style, it creates
brand awareness and also makes business
stand out. Thus, it is analysed that marketing
consider as an effective way in order to
engage customers and inform customers
about new offers.
In the modern era, there are number of ways
through which company do marketing because it is
the only thing which attract range of customers
towards it. Also, this in turn helps a business to
improve its financial performance as well.
Therefore, it can be stated that after Human
resource, marketing department is another
important key operation which in turn leads a
business towards positive direction. In addition to
this, social media, advertisement, magazine blogs
are consider some of the advance and modern form
of marketing which are used by the company in
order to promote the brand.
Not only this they are also help the company to
provide healthy and safer environment and also
maintain the labor relation in order to stay ahead in
the company. Further, it provide compensation
facilities to their employees which in turn encourage
them to take participation within a business in order
to reach the business towards success criteria. This
show that in every company, there is a need to have
such key operations which in turn generate better
opportunities that help it to stay ahead in the
competition and this is possible when a company
have such department who provide views in order to
manage the things in proper manner.
Moreover, information is gather by many
department and this will help a company to examine
the need of customers and then provide the same in
order to keep attracted towards a business. Also, it
is stated that there is a system which is developed
within a firm such that management information
system that is a computer based software that help
to determine the database of a financial information
and produce the same in a report so that they all
company to know the actual performance if a
business and what are the different improvement
which needs to be added into this.

CONCLUSION
By summing up above it has been concluded that
all the business function of a company assist to accomplish the
define aim. Such that HR plays an important role in the success
of a firm while, Marketing department leads to promote the
brand and attract customers towards it. Thus, strong
collaboration will help a business for its smooth functioning.
REFERENCES
Haag, L. and Sandberg, E., 2020. Exploring key logistics characteristics supporting
embeddedness in retailers’ geographical expansion. The International Review of
Retail, Distribution and Consumer Research. 30(1). pp.1-26.
Grigorescu, A., Maer-Matei, M.M., Mocanu, C. and Zamfir, A.M., 2020. Key Drivers
and Skills Needed for Innovative Companies Focused on Sustainability.
Sustainability. 12(1). p.102.
Hacioglu, U., 2020. Digital Business Strategies in Blockchain Ecosystems. Springer
International Publishing, DOI. 10. pp.978-3.
Ergün, S., and et.al., 2020. Parameters affecting pleural drainage and management
strategy after Fontan operation. Journal of Cardiac Surgery.
Interrelationship between these business functions:
There is a strong interrelationship between the business functions such that with the
help of a marketing department, the company is able to determine the choice of customers and
this in turn helps HR department to recruit employees accordingly. Further, the marketing
department also communicate the marque of a company to customer and with working together,
HR finds the best employees so that they promote and construct brand, while marketing creates
as well as deliver the brand communication to employees.
Moreover, there is a strong relationship between managing information and HR
because it helps to determine the actual performance of the company and by analysing it, HR
make strategic action which in turn leads a business to positive direction. On the other hand, with
the help of collaboration between HR and managing information, the company is run in a smooth
manner and this clearly reflect that all business functions of a company are working together for
attaining the common goal and this in turn leads to sustain the brand image.
In addition to this, there is a relationship
between managing information and
marketing department such that with the
help of daily information collected by the
company, which is further analysed by
marketing department and then make
strategies in order to promote the brand
into further level. This collaboration
reflected that with a stronger working,
each department manages the work while
the HR prepare employees in order to
meet define aim and in the smooth
functioning of a business too.
Overall, it is analyzed that with the combination of
HR department, managing information and
marketing department company is perform well and
all the operations are interdependent upon each
other and that is why, if one department is weak,
then it affect the overall status of a company into
opposite manner which in turn leads to affect the
results as well. That is why, company need to focus
upon all the department because with the help of
collaborative working, they are able to manage the
things in better manner which in turn leads a
business towards positive direction.
For example, with the help of managing
information, it is analyzed that there is
a need of healthy product by a
customers. So HR department set a
target and specify the team who have to
complete the task within a define time.
On the other hand, after successful
testing, marketing department uses
marketing strategy which in turn leads a
company to promote new product and
also let customer understand about new
product which in turn leads to improve
the financial performance of a company
as well. This in turn leads to manage
the things and also meet the define aim
of a company as well.