Graduate Challenge: Business Functions of Wilko Retail Ltd Report

This report provides an analysis of the business functions within Wilko Retail Ltd, a UK-based retail company. It examines the roles and interrelationships of key departments including Human Resources, Finance, Marketing, and Operations. The Human Resource department is responsible for recruitment, training, and employee motivation. The Finance department manages budgeting and capital allocation, crucial for organizational goals. Marketing focuses on promoting products and services to attract customers. Operations handles all business project tasks, from asset utilization to store design. The report emphasizes the importance of collaboration between these functions to achieve overall organizational objectives. The report concludes by summarizing the critical role each function plays in contributing to the company's growth and success.

GRADUATE
CHALLENGE

Table of Contents
INTRODUCTION...........................................................................................................................4
CONCLUSION .....................................................................................................................5
REFERNCES...................................................................................................................................6

INTRODUCTION
Business growth is relying on effective meting up of ecxah function that can contribute towards
achievement of laid organisational objectives in the provide time limits. Present the report is on
Wilko Retail Ltd that is a UK Based retail organisation started in the year 1930 (Bentley-
Goode, , Newton and Thompson, 2017). they are offering consumer products, groceries,
toiletries, supplies and stationery. The report provides a description of various business functions
such as finance, HR, operations with interrelationship to other functional units.
MAIN BODY
Human resource: Human resource department is crucial for every organization. HR
mangers are responsible to recruit to suitable candidate who will able to perform assign task in
an efficient manner. In addition , they fulfil the requirement of all other departments by
providing them qualifies candidates (Anwar and Hasnu, 2016). In Wilko Ltd there is
arrangement of training and development programs for work force in order to improve their
productivity as well as work efficiency. Further, they motivate personnels by rendering them
various monetary as well as non monetary benefits on timely basis. With this, HR managers
ensure to retain employees within company for a longer period of time.

Finance-: Finance play major role in an organisation because they are main function to
prepare budget to all other department. It involves to carrying out various activities of
organisation in rightful manner so accordingly prepare budget and required amount. In Wilko
Ltd It includes also arrangement of capital because it helps to attaining goal and objective of
company in proper manner. They are linked to other department in order to flow of proper
communication and developing budget in right full manner (Nankervis and et.al 2019). It is
established in each and every organisation because it properly maintain budget and analysed in
effective way so fulfil core requirements. They worked together with other department in
effective and efficient manner so provides funds to other department which easily carrying out
their activities.
Marketing: It is a department that is focusing on development of awareness for products
& services of company for their potential customers. The main role of this function in Wilko
retail. Ltd is to attract more customers to enhance present sales. They are having interrelationship
with finance department as they assist them with all financial resources.
Operations: Operations: This department normally performs every task involve in the
business project of Wilko Ltd. The important job of this branch is to use all the assets, to
maintain financial state of company, goods manufacturing, sealing and to develop the new
financial stoke management techniques, store design, product design etc. important aim of the
operational part of the company is to carry out all activities of business on regular basis in
effective manner (John and Taylor, 2016). This is directly connected to the human resource
department because it helps the organisational to get skilled workers so that directly helps in
better outcome of the task.

CONCLUSION
From the above discussed information it can be summarised that each function in organisation is
playing a crucial role in assisting towards growth of companies. For enhancing its work towards
variolous functional roles there has to be collaboration with overall organisations objectives with
higher efficiency and effectiveness.

REFERENCE
Books & Journal
John, R. and Taylor, B., 2016. Human resource management.
Nankervis and et.al 2019. Human resource management. Cengage AU.
Anwar, J. and Hasnu, S.A.F., 2016. Business strategy and firm performance: a multi-industry
analysis. Journal of Strategy and Management.
Bentley-Goode, K.A., Newton, N.J. and Thompson, A.M., 2017. Business strategy, internal
control over financial reporting, and audit reporting quality. Auditing: A Journal of
Practice & Theory, 36(4), pp.49-69.