Graduate Challenge Report: Analysis of Business Functions and Skills

This report, addressing a Graduate Challenge, examines the internal and external factors that pose challenges for businesses, using Tesco as a case study. The report details the importance of various business functions like finance, HR, and operations, highlighting their interrelations and how they contribute to organizational success. It also explores the academic skills crucial for undergraduate students, including communication, analytical skills, and time management, essential for navigating their academic journey. The report emphasizes the need for students to acquire specific skills to excel in their fields and successfully complete their graduation. The report concludes that by understanding these challenges and developing the necessary skills, individuals can effectively achieve their goals and succeed in their academic pursuits. The report references several academic sources to support its findings.

GRADUATE
CHALLENGE

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 1............................................................................................................................................3
Importance of business functions and their interrelations ...........................................................3
TASK 2............................................................................................................................................4
Academic skills and techniques important for undergraduate student.........................................4
CONCLUSION................................................................................................................................4
REFERENCES...............................................................................................................................5

INTRODUCTION
There are a number of internal and external factors in corporate world that gives birth to
challenges for a business. It is necessary that businesses are aware of all these challenges so that
they can carry out their activities swiftly (Carmichael, 2018). Tesco is dealing in retail sector
and is one of the largest supermarket with its headquarter in United Kingdom. The firm has a
number of stores throughout the world. In the following report various functions of business
along with their interlinks is discussed. Also the academic skills required to face challenges for a
undergraduate are mentioned.
MAIN BODY
TASK 1
Importance of business functions and their interrelations
There are a number of different functions as well as operations carried out by human
resources present in the organisation (Alosani and et. al., 2020). Tesco have a number of
different functions including finance, HR, operations and so on.
Finance department in organisation is responsible to make budgets for all other
departments and also allot funds to them. Along with it they look for different opportunities to
invest and finance funds from .
The Operation function in Tesco is responsible to look for various ways to improve their
tasks and generate efficiency and productivity within employees. These are applies to human
resources as well.
Human Resource department is responsible to recruit, train and develop employees in
organisation. These employees are recruited for all different departments.
In this way all the departments in Tesco are interrelated to each other (Beneke and et. al.,
2016). All the departments together work and support each other to maximize profits and attain
their objectives.

TASK 2
Academic skills and techniques important for undergraduate student
When taking a students perspective into account it is necessary for them to attain a
number of skills to graduate successfully. There are a number of skills that a student required to
master in while in their graduation period. These include communication skills, listening skills,
reading skills, analytical skills, presentation skills and so on. These are some of the common
skills required by all the students (Dhakal and et. al, 2018). Apart from these there are also some
specific skills that are required by individuals based upon the field in which they are graduating
from. These usually includes the technical knowledge and skills in their respective fields. Along
with all these management skills are required in students such as self-management and time
management all these helps them to easily face the challenges they might face while completing
graduation. Attaining all these skills will help them to make the best of their classes, webinars,
presentations and successfully attain their goals.
CONCLUSION
With the help of above report it can be concluded that in order to be successfully
complete graduation a number of challenges have to be faced by an individual. It is necessary to
gain certain skills and work on them specifically so that individuals can achieve their goals,
Students are required to be well prepared so that they can improve their skills and successfully
complete their graduation.

REFERENCES
Books and Journals
Beneke, J. and et. al., 2016. The impact of market orientation and learning orientation on
organisational performance. Journal of Research in Marketing and Entrepreneurship.
Carmichael, D.G., 2018. Organisations as systems–difficulties in model development and
validation. Civil Engineering and Environmental Systems, 35(1-4), pp.41-56.\
Alosani, M.S. And et. al., 2020. The mediating role of innovation culture on the relationship
between Six Sigma and organisational performance in Dubai police
force. International Journal of Lean Six Sigma.
Dhakal, S. and et. al, 2018. The Transition from Graduation to Work: Challenges and Strategies
in the Twenty-First Century Asia Pacific and Beyond. Springer.