Business Report: HR, Marketing, Finance Functions at Sainsbury's

This report provides an in-depth analysis of the business functions within Sainsbury's, a major UK-based company. It explores the crucial roles of Human Resources (HR), Marketing, and Finance departments, highlighting their responsibilities and contributions to the organization's success. The report examines the significance of HR in recruitment, employee record management, and training. It details the finance function's role in budgeting, profit planning, and capital management. Furthermore, the report analyzes the marketing function's role in promoting the brand and fulfilling customer needs. It also emphasizes the importance of collaborative working practices between departments such as marketing and HR, and finance and production. The report concludes with a discussion of financial management and reporting, emphasizing its role in strategic decision-making, capital management, investment opportunities, and risk management. Overall, the report highlights how these functions contribute to Sainsbury's profitability, market share, and long-term sustainability.

INTRODUCTION TO
BUSINESS

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Role of HR, Marketing and Finance functions within organisations..........................................1
TASK 2'...........................................................................................................................................2
Understanding of collaborative working practices.....................................................................2
TASK 3............................................................................................................................................3
Demonstrate role of financial management and reporting within organisation..........................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................6

INTRODUCTION
Business studies is a prominent term that includes the several activities to attain the
objectives and attracting the customers within the organisation. It helps the business enterprise to
sustain in the market. This report is based on Sainsbury's that is one of the largest company in
UK that deals in food, home wares etc. This project report includes the role of Human resource,
financial and marketing function within the Sainsbury that helps in smooth running the activities
of the working area so that more profits can be enjoyed by the firm. It also inculcates the several
collaboration at the working area that helps in accomplishing the targets effectively and on a
specify period of time. Further it also involves the role of financial management and reporting so
that capital and monetary resources are to be reserved successfully so that organisation can invest
more to gain the higher growth and market share(Ghauri, Grønhaug and Strange, 2020).
TASK 1
Role of HR, Marketing and Finance functions within organisations
Role of Human resource function within Sainsbury's
There are several roles that a human resource can function in the Sainsbury to manage the
workforce of the working area that can be shown below:
 Recruitment and selection- In case of Sainsbury's the human resource can perform the
role of hiring and attracting the number of candidates with or outside the company so that
objectives can be attained effectively. In this HR manager can function to advertise the
vacant job so that interested candidate can apply and firm will receive the best applicant
for filling the position.
 Maintaining records of employees- Another major role of Human resource maanger
within Sainsbury's is to maintain all the records of the workers so that human resource
department can effectively examine the skills of the employees that is useful to offering
the training to the candidate and enhance their overall capabilities to completing the
targets on time frame(Van Tulder, Verbeke and Piscitello, 2018).
Role of Finance function Sainsbury's
In case of Sainsbury's, role of finance function is very prominent as it helps in assisting
all the capital and monetary resources of the business enterprise so that profitable results can be
enjoyed. Some roles of finance function can be shown below:
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 Developing the Budget- It is one of the best role that a finance manager can play within
the company to attain the profitable results. In this department of finance can manage and
organise all the reserved capital and monetary resources that helps in gaining the high
returns for a longer period of time.
 Planning for profit- It refers to that in which finance department can planning for profit
so that firm will sustain to a longer period of time. In case of Sainsbury's, finance
department is highly working for planning to gain the high revenues and returns so that
competitive advantage can be enjoyed. This term is very helpful to prepare the budget so
that wastage can be eliminates and employees are using the resources very optimally.
This also helps in attaining the targets effectively and proficiently(Olalla and Merino,
2019).
Role of Marketing function Sainsbury's
In terms of Sainsbury's this department play a different role that can be shown below:
 Promoting and advertising brand within marketplace- It is an intense role of
marketing function that is perform by the Sainsbury's marketing department. In
organisation marketing function can mainly focus on promoting the products and services
for attracting the large number of customers, it helps in enhancing the brand image within
business industry. Due to this company can enjoy the long term survival and gaining
competitive advantage(Yeung, 2018).
 Fulfilling customers needs and demands- It is another major role of marketing function
in which they can focus on attracting the attention of customers towards the products and
services. In case of Sainsbury's, marketing manager can focus on analysing the needs and
wants of the customers so that they can satisfy their demands and enhance their profit
margin. It also helps in developing the loyalty in the customers that will maximise the
competitive advantage and market share in business industry(Jones, 2019).
TASK 2'
Understanding of collaborative working practices
Working practices refers to the process of performing a task that contains low risk in
relation to people, equipments, processes etc. so that goals can be on specify period of time. In
terms of Sainsbury's collaborative working practices is very prominent because due to this goals
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can be attained in efficient and effective way. Some collaborative working practices in case of
Sainsbury's can be shown below
 Collaboration between Marketing and Human resources- In business enterprise, team
collaboration is very essential specially marketing and human resource department.
Department of HR within Sainsbury's can display the vacant job role that are present
within the marketplace so that marketing department can promote that job role in
marketplace so that interested candidate can be attracted and applied for a job that is
vacant in the organisation (Paul and et .al., 2018). It helps in attaining the objectives on
specify period of time and it is possible with the positive collaborative working practice
within Human resource and marketing department in Sainsbury's.
 Collaboration between Finance and production department- It is the prominent
collaborative working practice in Sainsbury's that helps in attaining the profitable results
with optimum utilisation of resources. In this department of finance can prepare a budget
for the departments so that monetary wastage can be eliminated that is useful for
enhancing the profit margin. In this production department can take the use of these
budget at the time of producing the goods so that they can eliminates the wastage and
getting the higher profits and revenues.
Importance of Collaborative working practice
Collaborative working practice is very useful to manage and organise the working
structure within the organisation. It helps in enhancing the profitable results so that several
problems related to task completion can be solved in effective and efficient manner. In terms of
Sainsbury's, this type of working practice can be understand by the effective team work and their
high satisfaction level. This helps in achieving the smooth working and attaining the high
revenues and growth so that competitive advantage also get achieved(Howitt, 2019).
TASK 3
Demonstrate role of financial management and reporting within organisation
Financial management refers to a prominent activity within the organisation it reflects the
process of organising, planning, monitoring and controlling the several resources for attaining
the organisational goals and objectives. In this reporting helps in running the organisation and
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making decision appropriately so that task can be attained. In terms of Sainsbury's, financial
management and reporting playing a significant role that can be presented below:
 Helps Top authority to take strategic decision- This is another major role of reporting
management within the business firm that helps in running the company smoothly. In
terms of Sainsbury's reporting management can highly indulged in the several activities
so that several departments can attain their task in a proficient manner. It also enhances
the flexibility within the working place so that objectives can be reached on specified
period of time(Maseland, Dow, and Steel, P., 2018).
 Capital management- It is the vital role of financial management in the organisation as
it helps in analysing and managing the capital of the company so that profitable results
can be attained. In case of Sainsbury's financial management can perform the role of
managing the capital requirements so that funds can be effectively used in reaching the
overall targets so that high growth and revenues can be achieved.
 Investment opportunities- This is a major role that a financial management of the
organisation can perform. In case of Sainsbury's financial management can indulge in
capturing the investing opportunities that supports the profits and sustainability in the
working environment of the company. This also helps in gaining the competitive
advantage so that high revenues can be enjoyed(Dumas and et .al., 2018).
 Satisfy the investors of the organisation- It is one of the major role of reporting within
the Sainsbury's. In this reporting department can focus on satisfy the investors of the
business so that organisation can gain the high profitable results that helps in long term
sustainability within the marketplace.
 Risk management- It is another financial management role that can done within
Sianbury's financial manager for enhancing the profits and market growth and analysing
the risk and expenses so that employees are satisfied and business enterprise can gain the
long term advantage in their survival(Bazeley, 2018).
CONCLUSION
By analysing the above explained report it is concluded that business studies is a essential
term to attaining the task and managing the work effectively so that productive results can be
represent. This report inculcates the roles of finance, HR and marketing that helps in attaining
the targets and smooth functioning of the work due to this business enterprise can sustain for a
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longer period of time. It also includes the collaborative working practices that helps in presenting
the positive working environment that helps in developing the strong relationship between the
workforce. At last it helps in acknowledging the different role of financial management and
reporting within the company that is effective for enhancing the profits and sustainability.
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REFERENCES
Books and Journals
Bazeley, P., 2018. A practical introduction to mixed methods for business and management.
SAGE Publications Limited.
Dumas, M.,and et .al., 2018. Introduction to business process management. In Fundamentals of
Business Process Management (pp. 1-33). Springer, Berlin, Heidelberg.
Ghauri, P., Grønhaug, K. and Strange, R., 2020. Research methods in business studies.
Cambridge University Press.
Howitt, P., 2019. The implications of knowledge-based growth for micro-economic policies.
Routledge.
Jones, L., 2019. Introduction to business law. Oxford University Press, USA.
Maseland, R., Dow, D. and Steel, P., 2018. The Kogut and Singh national cultural distance
index: Time to start using it as a springboard rather than a crutch. Journal of
International Business Studies. 49(9).pp.1154-1166.
Olalla, C.B. and Merino, A., 2019. Competences for sustainability in undergraduate business
studies: A content analysis of value-based course syllabi in Spanish universities. The
International Journal of Management Education.17(2).pp.239-253.
Paul, P., and et .al., 2018. Business Information Sciences emphasizing Digital Marketing as an
emerging field of Business & IT: A Study of Indian Private Universities. IRA
International Journal of Management & Social Sciences.(ISSN 2455-2267).10(2).
pp.63-73.
Van Tulder, R., Verbeke, A. and Piscitello, L., 2018. Introduction: international business in the
information and digital age–an overview of themes and challenges. International
Business in the Information and Digital Age, pp.1-13.
Yeung, H.W.C., 2018. Economic geography and international business. The Routledge
Companion to the Geography of International Business.pp.177-189.
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