MG408 Graduate Challenge: Business Functions & Organizational Success

This report provides an overview of key business functions and their significance within organizations, using Unilever as a case study. It defines and discusses the roles of Human Resource Management, Marketing, Finance, and Operations/Production, highlighting their individual responsibilities and the importance of their cohesive collaboration for overall organizational success. The report references academic sources to support its analysis, emphasizing the need for evidence-based writing and Harvard referencing as per the MG408 Graduate Challenge assignment requirements. The conclusion reinforces the idea that well-managed business functions are crucial for serving the interests of consumers, employees, officers, and shareholders.

Business Functions
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Contents
Business Functions...........................................................................................................................1
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Different Business functions.......................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
Books and journals......................................................................................................................6
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INTRODUCTION
Business activities are the activities of any firm they can be slip up into deep purposes and carry
all the tasks. Key business activities are for profit business activities, the productive of storage
commodities or services deliberated for the marketplace or foreign companies. Unilever has been
taken as a base company which is founded on 2 September, 1929 by lever brothers. It is the
leading customer commodities of a business in a global marketplace which is headquartered in
London, UK. This file covers different business functions and their role and importance of all the
functions of industries (Dion, 2017).
MAIN BODY
Different Business functions
A business function describes the internal attitudes taken by a business role that are necessary to
produce a set of goods and services. There are many different marketing functions, including:
Human Resource Management: Human resources (HR) management is one of the very
important business departments for companies with a huge variety of workers. In case of
Unilever, HR professionals are responsible for entertaining talent, assessing possibility of
workers, managing workers relations, and maintains a high quality workplace.
Marketing: Promoting and Marketing experts are liable for surveying and interest group,
checking the organization's image via online media, making publicizing efforts and acquiring
new clients. They can likewise make hand outs and other promoting materials, post content on
the site and connected to the journalist. In context to Unilever, marketing and its activities are the
obligation of managing the showcasing plan of an industry, campaign arranging and yearly
essential arranging exercises. Different obligations incorporate specialized and functional
assessment just as announcing and information investigation (Enyinna, 2020).
Finance: As a small business manager, one can take on an financing job or run the firm on their
own. If they are planning to hire staff or expand their work, it is essential to bring in a
professional. In this case, setting up a financial and accounting department is appropriate. The
business functions of the division include processing tax returns and filing tax returns,
purchasing invoices, evaluating a company's financial performance and following up on all
orders. Accountants will also be responsible for calculating wages and salaries, recording income
and identifying problems.
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Operations or Production: Production / operations management is defined as the procedure of
transforming an organization's inputs / resources into final goods (or services) through a defined,
controlled and defined set of policies. It is the process of combining and converting disparate
resources used in an organization's production / operations subsystem into value-added
products / services in a controlled manner in accordance with organizational policy. In relation to
Unilever, operations management is the general process of planning, controlling and monitoring
production and manufacturing processes and the provision of services. Operations management
is important in a business organization because it helps to effectively manage, control and
monitor goods, services and people (Min, 2019).
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CONCLUSION
It is concluded from the above report that business functions are the peak-level grouping of a
company's capabilities and procedure that explain its work. Business functions also make sure
that an organization a function well and serves its consumers, workers, officers and shareholders
well. A firm can have a main commercial function or several.
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REFERENCES
Books and journals
Dion, M., 2017. The Impact of Disguised Bribes–Distorting the Basic Functions of Gift-Giving
Practices. In The Handbook of Business and Corruption. Emerald Publishing Limited.
Enyinna, O., 2020. Internal Audit Functions Outsourcing Versus The Independence Of The
External Auditor: Separation Of Staff Of Audit Firm To The Rescue?. International
Journal of Accounting and Finance (IJAF), 9(1), pp.107-129.
Min, H., 2019. Blockchain technology for enhancing supply chain resilience. Business
Horizons, 62(1), pp.35-45.
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