Cadbury Business Report: HR, Marketing, Finance, and Teamwork Analysis

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This report provides an executive summary and in-depth analysis of Cadbury's business operations, focusing on the roles of human resources, marketing, and finance. It explores the importance of teamwork, illustrating how different departments collaborate and share information. The report details the significance of financial management within an organization, covering financial planning, resource allocation, and reporting techniques like balance sheets and profit/loss accounts. It highlights the crucial functions of HR in attracting and retaining talent, the role of marketing in promoting products, and the importance of finance in strategic planning and budgeting. The report concludes that effective teamwork and management of financial resources are critical for achieving organizational goals. The report also includes an introduction, main body, and conclusion, as well as references to support the findings.
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INTRODUCTION TO
BUSINESS
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EXECUTIVE SUMMARY
Business consist of different functions and task that is helpful in performing
organisational operations in effective manner. The major department of organisation includes
human resource, marketing and finance. It is essential that all functions are performing their
business activities in effective manner in order to achieve desired goals. It has been analysed that
team work practices will help in enhancing performance as well as productivity of organisation.
Team work will aid in improving skills or capabilities of employees in order to achieve desired
goals. There are different tools and techniques that could be used by company for managing its
financial resources as well as reporting.
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Contents
EXECUTIVE SUMMARY ............................................................................................................2
INTRODUTION..............................................................................................................................4
MAIN BODY...................................................................................................................................4
Describe the role and importance of HR Marketing and finance functions within organisations
................................................................................................................................................4
Explain teamwork and its importance and example to show how different departments work
together and share information with each other.....................................................................5
Explain financial management and its important for any organisation..................................7
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUTION
Motivation play a crucial role in growth and development of organisation. it is essential for
organisation to conduct various activities though which employees get motivated. This will help
in performing business task in effective and efficient manner (Herzberg, 2017). Motivation will
lead to enhancing productivity as well as performance of organisation in order to achieve desired
goals. The chosen company for this report is Cadbury. This organisation is dealing in
confectionery industry as well as providing different types of products to customers. Cadbury
company was established in 1824 and founder of this organisation was John Cadbury. This is one
of the well known company that is providing its products and services to different parts of
organisation. This report includes different roles of marketing, finance as well as human resource
function in a company. it includes in depth detail about collaborative working practices as well
as role of reporting and financial management within the business.
MAIN BODY
Describe the role and importance of HR Marketing and finance functions within organisations
In an organisation human resource, marketing as well as finance play a crucial role in
promotion of products and services (Steers and Sánchez, 2017). All of these are the important
functions of organisation as well as help in performing business activities. It is very important for
company to Human resource, marketing and finance play different role in promotion.
Role of Human resource Department
Human resource is responsible to conducting effective and efficient business functions. In
respective organisation human resource management team have to attract and retain talented
employees of organisation as this helps achievement of desired goals. Human resource is
important part of organisation as it play critical role in promotion of products and services
offered by organisation. It helps in finding or recruiting employees that is able to perform
promotional activities in effective manner. Human resource role is to train and develop
employees skill as well as capabilities so that employees of respective company can conducting
promotion function in effective and efficient manner. There are various was though which
respective company is promote of advertise its product in targeted market area. Role of Human
resource team is to understand and analyse the potential of employees in order to enhance its. By
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managing as well as resolving issues of employees human resource team will be able to motivate
as well as influence employees to perform business activities in correct and appropriate manner.
Human resource role is to manage organisational conflicts of that promotional activities could be
perform in correct and appropriate manner.
Role of marketing Department
Marketing and promotion are closely linked with each other and help in enhancing sales
of respective company. There are several roles of marketing function which is help in providing
products and services to different types of customers. The major role of marketing is to conduct
various activities in order to promote product and services of respective company (Pinder, 2014).
Marketing role and responsibility includes identifying different types of promotional activities as
well as determining which activity will be more suitable for respective company. This role of
marketing will help in using more appropriate as well as relevant method of promotion. Though
this activities respective organisational will be able to attract more and more customers towards
organisation as well as gain competitive advantage over other rival organisation. This is essential
role of marketing as it help in promotion of products and services to targeted customers. This
will lead to achievement of desired goals and objectives.
Role of finance Department
Finance function or department of respective organisation is majorly responsible for
managing as well as using all financial resources of organisation in effective manner role of
finance in company includes strategic planning and budgeting the financial resources in such a
manner that respective company is able to earn more profits for organisation. Promotion
activities required huge financial resource as well as other resources in order to attract more
customers towards organisation. In order to conduct promotional activities in effective manner,
financial team of this company have to identify as well as plan budget for marketing team so that
respective company is able to earn profits.
Explain teamwork and its importance and example to show how different departments work
together and share information with each other.
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Team work can be describe as sum of efforts that is important for organisation as well as
help company to achieve desired goals and objectives. There are number of employees working
within respective company so it is important to enhance team work. It is a activity that through
which employees can work collaborative manner and accomplish task. Collaboration refer to the
way in which individuals as well as organisation is working together in order to achieve desired
goals. It is essential for organisation to have collaborative working within company as this will
help in performing task and activities in correct manner. There are different ways though which
an organisation can conduct collaborative practices in organisation. it is essential that Cadbury
company is promoting as well as enhancing team work practices in organisation. This could be
done by developing better relationship in organisation to improve team work working practices
(Latham, 2016). There are various advantage could be gain by respective company by
understanding as well as developing team work working practices in organisation. collaborative
working practices benefits are mention below in detail.
Increased learning possibilities – When employees of organisation is engaged in
collaborative working practices respective company will able to increase learning possibilities.
This will help in enhance overall performance of organisation. Learning is one of the crucial part
of organisation and it is important that company is conducting different activities that help in
collaborative working practices.
Improve productivity Team work practices will help respective company to enhance
its productivity. it is essential for respective company to improve productivity in order to earn
more profits. Collaborative practices in organisation will lead to improve the performance of
employees as well as performing business activities in effective and efficient manner.
Enhance relationship - This will help organisation to enhance relations between
employees as well as organisation. It is significant for respective company to have strong relation
between organisation and its employees. This will lead to conducting business activities in
effective as well as efficient manner. By creating and developing strong stakeholder relationship
respective company, it will lead to reduction in organisation conflicts as well as issues. This will
lead to creating and developing better working environment of Cadbury company.
Attain set goals – It is very important for Cadbury company to achieve its long term as
well as short term relationship. Each and every company is working to accomplish its desired
goal as well as objectives. Team work working practices will help on improving the performance
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of organisation as well as attaining set goals (Kuranchie and Amponsah, 2016). This will help in
developing strong image of organisation in market area. Through collaborative working practices
respective company will be able to motivate its employees in order to achieve set goals.
How different departments work together and share information with each other
There are different departments working in organisation that are performing business
activities in effective and efficient manner. It is important that all department of respective
company is working its business activities in collaborative manner in order to achieve desired
goals. Interrelation of different departments of organisation are mention below in detail.
Human resource and marketing department - Human relation department is majorly
related to employees as well as their productivity. This department needs to coordinate with
employees of marketing department in order to enhance their performance. Marketing
department of respective company is responsible to promoting its products and services. Human
resource department will provide training to its employees in order to improve their skills and
capabilities. Both of the department will share information with each other as well as work
together with the motive of achieving set goals.
Marketing and Production department - Production department of respective company
is responsible to producing as well as manufacturing products. Marketing department have to
identify as well as analyse needs and wants of customers. All the information collected by
marketing department will be shared to production department in order to make appropriate as
well as accurate products and services. This will aid in producing right quality or quantity
products in order to enhance sales of respective company.
Explain financial management and its important for any organisation
Finance and report both play crucial and report role in achievement of business
objectives. it is significant for organisation to manage its finance as well as reporting activities so
that respective company as enhance its business activities. The major role of fiancé management
as well as reporting within Cadbury organisation is mention below.
Finance decision and control – There are various important financial decisions that
should be taken by organisation. These decisions play crucial role in earning more profits for
organisation. Through this respective company will be able to control cost of business and
achieving profits. It is essential for respective company to control different financial activities.
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Financial planning – The role of finance management as well as report is to conduct
effective planning for organisation (Pinder, 2014). In this finance manager have to organize as
well as analyse various financial activities in order to conduct different financial activities in
better manner. Planning will help in perform task in correct way.
Allocation of financial resources – One of the financial management as well as
reporting role in to allocate or effectively use all financial resources of organisation. there are
different types of financial resources that is used for conducting business activities. Optimum
utilization of resources is role and responsibility of finance management and reporting.
Explain reporting and its purpose for organisation.
Reporting can be describe as a recording of data and details that will help respective
company to achieve desired goals. This is considered as an effective methods in order to
communicate information from one person to other. There are different types of reporting tools
and techniques used by respective company in order to take better decision for organisation. The
main purpose of reporting is to communicate information within organisation. Reporting will
support in taking better decision for this organisation.
Balance sheet – This is one of the crucial reporting techniques that is used by
organisation in order to take better business decisions. Balance sheet can be describe as a
statement that includes assets, liabilities as well as capital of organisation in order to analyse and
evaluate income or expenditure of respective company.
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Profit and Loss account – This is considered as a statement that includes complete
information about business activities as well as performance. It is very important for respective
company to keep record of profit and loss account as this helps in a identifying profits and lose
occurred by respective company.
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CONCLUSION
From the above report it can be concluded that there are various function of organisation
that help in promoting product and services in marketing. It is essential for each and every
organisation to perform its functions in correct and accurate manner. This will help in
achievement of desired objective as well as gain competitive advantage over other rival
companies. it has been analysed that collaborative working practices within organisation will
help in conducting business task in better as well as effective manner. There are different ways
that should be used by organisation to enhance collaborative working practices. Finance
management and reporting play a crucial role in achievement of objective. It is important in
performing business task and activities in effective manner.
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REFERENCES
Books and Journals
Herzberg, F., 2017. Motivation to work. Routledge.
Steers, R.M. and Sánchez‐Runde, C.J., 2017.
Pinder, C.C., 2014. Work motivation in organizational behavior. Psychology Press.
Latham, G.P., 2016. Work motivation: history, theory, research, and practice. Sage.
Culture, motivation, and work behavior. The Blackwell Handbook of Cross‐Cultural
Management, pp.190-216.
Deal, J.J., Stawiski, S., Graves, L., Gentry, W.A., Weber, T.J. and Ruderman, M., 2013.
Motivation at work: Which matters more, generation or managerial level?. Consulting
Psychology Journal: Practice and Research, 65(1), p.1.
Kuranchie-Mensah, E.B. and Amponsah-Tawiah, K., 2016. Employee motivation and work
performance: A comparative study of mining companies in Ghana. Journal of Industrial
Engineering and Management (JIEM), 9(2), pp.255-309.
Pinder, C.C., 2014. Work motivation in organizational behavior. Psychology Press.
Weinstein, N., 2014. Human motivation and interpersonal relationships. Department of
Psychology, pp.1-335.
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