MG408 Graduate Challenge: Business Functions and Tesco's Interrelation

This report, prepared for the MG408 Graduate Challenge, analyzes the core business functions of Tesco, a leading global supermarket chain. The report defines and explores the roles of marketing, finance, human resources, and operations within the organization. It emphasizes the importance of these functions working cohesively, highlighting their interdependencies and how they contribute to Tesco's overall success. The analysis includes an examination of how each function supports the others, ensuring smooth operations. The report is based on academic texts and provides evidence-based writing with Harvard referencing to demonstrate the interconnectedness of these functions. The report concludes by summarizing the importance of integrated business functions for organizational growth and success.

GRADUATE CHALLENGE

Table of Contents
GRADUATE CHALLENGE...........................................................................................................1
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Marketing.....................................................................................................................................3
Finance.........................................................................................................................................3
Human resource...........................................................................................................................3
Operation......................................................................................................................................3
How business functions links.......................................................................................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................1

INTRODUCTION
Business function are termed out as the activities that carried out by an enterprise to
accomplish the core and support functions within the enterprise (Cagle, Yılmaz and Doğru, 2020
). In addition to this, business function are categorised as operation, production, finance and
marketing. Therefore, present report is based on business activities of Tesco, it is global leading
brand that is engaged in grocery services as being supermarket chain across the world.
MAIN BODY
Marketing
This is termed out as the process that inclusive of researching, selling, promoting and
distributing the product and services. In addition to this, marketing satisfies the needs and wants
with help of exchanging the process and also assist to build the long term relationships within
Tesco.
Finance
It is type of business function that undertakes the process as to providing the funds for
business activities and makes the purchasing and investigating (Podder, Samanta and Gurunath,
2020). Therefore, the main finance requirements are as purchase assets, goods, raw materials and
other flow of economic activities. The main role of this department is to arrange the funds to
cope with the needs of enterprise.
Human resource
It is another business function that plays the huge role in terms to define both the
individual who works for the company and organisation that is responsible for managing
resource in relation to employees. Therefore, Human resource staff is responsible for recruit,
select and train employees to undertake the future course of actions effectively and efficiently.
Thus, human resource department is charged with finding, screening, recruiting and training to
job applicants to bring strategic approach within Tesco (Bogachkova, Usacheva and Usachev,
2017).
Operation
It is business function that is responsible for managing the procedure in relation to
creation of good and services. This is inclusive of planning, organising, controlling and
coordinating the business activities.

How business functions links
Henceforth, this can be stated that all business function to the enterprise are interlinked to
each other. Thus, working of the Tesco is interrelated to each business functions such as
marketing, operations, finance and human resource etc. Output of the one department is overall
dependent on the input of another working enterprise (Arvanitis, Hollenstein and Stucki, 2016).
Thus, finance department works as to systematic flow of funds so they can arrange the funds for
all other department to run out the operations without any interruption. Human resource
department aids to investigate the skilled personal that required by each department with specific
skills that suitable for working. Also, HR department frame out the rules and regulation so that
all other department performs the business functions effectively. Marketing department directs
the operation department to undertake the operation activities effectively as per the needs of
customer’s in market (Macchi, Savino and Roda, 2020). As this unit inclusive of function to
manage the day to day running. So, this can be true to say that all business function of Tesco are
interrelated to each other.
CONCLUSION
Hereby, it can be summarized that business function aids to promote the growth to the
enterprise. Thus, present report is based on the business activities of Tesco. Also, assignment has
covered the business function that aids to demonstrate the interrelation within business functions.

REFERENCES
Books and journals
Arvanitis, S., Hollenstein, H. and Stucki, T., 2016. Does the explanatory power of the OLI
approach differ among sectors and business functions? Evidence from firm-level
data. Economics: The Open-Access, Open-Assessment E-Journal. 10(2016-12). pp.1-46.
Bogachkova, L. Y., Usacheva, N. Y. and Usachev, A. A., 2017. Organization of small and
medium-sized business functioning in the cluster model of economic development.
In Russia and the European Union (pp. 375-382). Springer, Cham.
Cagle, M.N., Yılmaz, K. and Doğru, H., 2020. Digitalization of Business Functions under
Industry 4.0. In Digital Business Strategies in Blockchain Ecosystems (pp. 105-132).
Springer, Cham.
Macchi, M., Savino, M. and Roda, I., 2020. Analysing the support of sustainability in the
manufacturing strategy through a multiple perspective of different business
functions. Journal of Cleaner Production. p.120771.
Podder, S.K., Samanta, D. and Gurunath, R., 2020. Impact of Business Analytics for Smart
Education System and Management Functions. In Advances in Computing and Intelligent
Systems (pp. 479-488). Springer, Singapore.
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