Introduction to Business Practice Report: Body Shop Analysis - FY021

This report analyzes the business practices of The Body Shop, examining the roles of HR, Marketing, and Finance within the organization. It details the functions of each department, including recruitment, training, customer research, promotion, cash flow management, and strategic decision-making. The report also explores collaborative working practices, such as team and cloud collaboration, highlighting the benefits of brainstorming and equal participation. Furthermore, it delves into financial management and reporting, covering bookkeeping, investment opportunities, and risk management. The conclusion emphasizes the efficiency gained by segregating business activities into functional departments, increasing accountability and driving a cohesive, goal-oriented approach.