Graduate Challenge Report: Business Functions in UK Organizations

This report examines the critical role of various business functions in achieving organizational goals. It focuses on the UK market, analyzing how businesses like Tesco and Marks & Spencer leverage functions such as marketing, finance, human resources, and operations to maximize productivity and profitability. The report delves into specific strategies employed by these companies, highlighting the importance of effective marketing to boost revenues, efficient financial resource management for growth, strategic human resource practices for skilled employees, and streamlined operational processes for efficiency. The conclusion emphasizes the need for these departments to work collaboratively to achieve organizational objectives effectively. The report includes references to relevant academic sources.

GRADUATE
CHALLENGE

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Role of different business functions in organisation..............................................................3
Business function in TESCO..................................................................................................3
Business function in Marks and Spencer................................................................................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
This report focuses on different organisation and importance of different business
functions in organisation to achieve its goals and objectives as these functions help in
maximizing productivity and profitability of organisation. This report focuses on different
organisation in UK environment and how different business functions help them in boosting their
profits.
TASK 1
Role of different business functions in organisation
Every organisation productivity and profitability depends on its various departments such
as marketing, human resource, finance, operations etc. which help organisation in achieving
desired goals and objectives which help them in boosting their revenues. This part of report
focuses on importance of business function in several organisation such as TESCO and and how
these function help them in achieving their goals and objectives (Ali, Murphy, and Nadkarni,
2017).
Business function in TESCO
TESCO is second largest supermarket chain in UK which focuses on providing grocery products
and services to their consumers and make sure that their products should help organisation in
satisfying their consumers. This part of report focuses on different business functions of TESCO
and how it assist organisation in achieving its goals and objectives.
Marketing
TESCO focuses on doing effective marketing of their products by formulating and implementing
appropriate strategies as effective marketing help in spreading awareness about their products to
the consumers and it assist in boosting their revenues.
Finance
TESCO managers focuses on using their financial resources effectively and efficiently as finance
resources are the base of every business and TESCO focuses on using finance as effective tool to
promote their product and help in growth and development of organisation (Bussell, Schnabel
and Rinehart, 2020).
Human Resource

TESCO managers focuses on hiring employees which are skilful and have appropriate
knowledge. Organisation focuses on providing appropriate training and development
programmes for their employees which can help organisation in achieving its goals and
objectives.
Operations
TESCO managers focuses on implementing effective operations process in organisation which
help in maximizing efficiency of organisation. Operations help organisation in making the
functioning of organisation effective (Alinasab, Gholami and Mohammadnia, 2021).
Business function in Marks and Spencer
Marks and Spencer group is a major British multinational retailer in with its headquarters in
London. It specializes in selling clothes, home products and food products. This part focuses on
different business functions of Marks and Spencer.
Marketing
Marks and Spencer focuses on promoting their products by endorsing actors and sportsperson. It
focuses on promoting their products by TV ads, mobile ads and other social media campaign.
Finance
Marks and Spencer focuses on using their financial resources effectively and using it to enhance
the capital and infrastructure of organisation. Finance help organisation in expanding its business
and boosting their profits (Andama, 2020).
Human Resource
Employees are considered as asset to an organisation and Marks and Spencer focuses on recruit
employees which are capable and which can contribute in organisation growth and development.
Operations
Marks and Spencer focuses on delivering products and services according to demand and make
sure that it doesn't affect functioning of organisation.
CONCLUSION
This report help in concludes about importance of business function and concludes that it is
important for these departments to work together in order to achieve goals and objectives
effectively and efficiently.

REFERENCES
Books and Journal
Ali, A., Murphy, H. C. and Nadkarni, S., 2017. Sustainable development and hospitality
education: employers’ perspectives on the relevance for graduate employability. Journal
of Teaching in Travel & Tourism. 17(3). pp.159-172.
Alinasab, M., Gholami, J. and Mohammadnia, Z., 2021. Genre-based revising strategies of
graduate students in applied linguistics: Insights from term papers. Journal of English for
Academic Purposes. 49. p.100941.
Andama, E., 2020. Administrative Support for Graduate Education Success in Resource-Poor
and Culturally-Challenging Environments. In Postgraduate Research Engagement in Low
Resource Settings (pp. 173-186). IGI Global.
Bussell, H., Schnabel, J. and Rinehart, A. K., 2020. Meeting graduate student needs: an
exploration of disciplinary differences. Public Services Quarterly. 16(4). pp.213-233.