Report on Business Functions and Their Importance within Sainsbury

This report provides an overview of the various business functions within Sainsbury, highlighting their roles and importance in achieving organizational objectives. It discusses key departments such as Human Resources, Finance, and Marketing, explaining how each contributes to the company's success through recruitment, financial management, and promotional activities. The report emphasizes the collaboration and coordination between these functions, which are essential for smooth operations and the attainment of common goals. It also underscores how these functions support product processes, develop strategies, and maintain a focus on the company's mission, vision, and objectives, ultimately contributing to Sainsbury's overall success. Desklib offers a range of solved assignments and past papers for students seeking further assistance.

THE GRADUATE
CHALLENGE
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INTRODUCTION
The term business function is being used to determine and represent various departments
in the organization with whose collaborative efforts a company is able to achieve their objective.
The different business functions includes human resource, finance, marketing, production and
various others (Alcorn, 2021). The present report talks about such departments of an
organization along with its importance with context to Sainsbury.
MAIN BODY
Different business functions
Business functions for a company are those who performs various essential activities of a
company and whose existence is necessary for the business success. The different functions that
are operating in Sainsbury are mentioned below:
 Human Resource: The department of human resource focuses upon recruiting and hiring
different candidates within an organization along with training, developing and providing
enough remuneration to them. In context to Sainsbury the HR department is responsible
for selecting best talent and training with higher skills. The HR department is most
crucial department of any organisation as the performance of workforce and their success
depends upon the selection of candidates for the business.
 Finance: The finance department in a company arranges, manages, allocates and invests
funds according to the need in different sections. The department also attract investors
and prepares company’s financial statements. They allocates required funds to the
business functions so that they can perform their work effectively (AlNaaji and Qusef,
2021). In context to Sainsbury the department of finance keeps a record of every
monetary transaction and invites investors to invest in company’s projects.
 Marketing: The function of marketing is to plan different promotional activities along
with a publication of company’s products and services in a form of advertisement. They
are also responsible for enhancing company’s brand image and their sales. In context to
Sainsbury the department of marketing plans and implements different marketing strategy
and increases company’s sales.
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Importance of business function
The business functions are categorized as the essential parts of company which all are
inseparable in nature. They helps in successful completion of target on time. The importance of
business functions in relation to Sainsbury are mentioned below:
 The different business functions collaborates with each other and develops co-ordination
which helps Sainsbury in achievement of its objectives.
 The business functions in a company provides an essential support and helps in product
process which is important for Sainsbury in having finalized product or services.
 Different business functions communicates each other and develops such strategies that
are directed towards the attainment of organizational objectives (Davydova and Koneva,
2020).
 All the business functions of a business are directed towards their common vision,
mission and objectives which carries a smooth flow of operations and provides greater
success to Sainsbury.
CONCLUSION
From the above report it can be concluded that there are different business functions that
are available in the business such as finance, marketing, human resource, etc. It is important to
understand the essence of business functions and their efforts towards business success. Each of
the department co-ordinates with each other and carries a flawless operations for the
achievement of objectives.
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REFERENCES
Alcorn, D.S., 2021. Interrelationships with other Corporate Functions. In Successful Product and
Business Development (pp. 217-227). CRC Press.
AlNaaji, H. and Qusef, A., 2021, July. A Conceptual Framework for Representing Business
Functions and Their Role in the Quality of E-Banking Services. In 2021 International
Conference on Information Technology (ICIT) (pp. 627-633). IEEE.
Davydova, A.A. and Koneva, A.A., 2020. Small Business: Essence And Functions. Business
Strategies.
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