Report on Management Functions, Talent, and Organizational Culture

This report provides an overview of key management functions, organizational structures, and the importance of talent management and organizational culture in achieving business success. It begins by outlining the advantages and disadvantages of different organizational structures, such as line, hybrid, and matrix structures, and defines core and support business functions like finance, sales and marketing, and research and development. The report then discusses the relationship between the marketing function and other business functions, highlighting the importance of aligning research and development with market needs and the role of HR in talent acquisition. Furthermore, it elaborates on essential managerial functions including planning, organizing, staffing, directing, and controlling, emphasizing their responsibilities in driving business growth and efficiency. Finally, the report underscores the significance of talent management as a core component of HR strategy and explores how a positive organizational culture, based on shared beliefs and values, can foster employee engagement, customer trust, and overall business productivity.

Introduction to
Management

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
Management structure and business functions :..........................................................................3
The marketing function and its relation to other functions that leads to business success :.......5
Management functions and how they manage a business :.........................................................5
Talent Management and Organisational Culture :......................................................................6
REFERENCES:...............................................................................................................................8
Books and Journals:....................................................................................................................8

INTRODUCTION
Management is an art of dealing, controlling and getting things done. It is a continuous needed
activity. In reference to businesses, it is a compulsory process that involves all the activities and
tasks that are undertaken in order to achieve goals (Kernstock, Brexendorf and Powell, 2017).
Some of the different activities that are involved in this are planning, decision making,
controlling, leading and organising all the physical, financial, information and human resources.
The following report is divided in four headings which are further divided in sub headings.
Firstly it will cover the advantages and disadvantages about different management structures and
a brief explanation about business functions. Then it will cover the discussion of relation of
marketing with business function. Some marketing functions are then explained in detail. At last
it covers the importance of talent management in organisations.
TASK 1
Management structure and business functions :
Management structure or organisational structure is a system that tells about the way in
which different activities of an organisation are directed to practice in order to achieve its goals.
It also include the expected the way for flowing of information between different levels.
Outline the advantages and disadvantages of the different types of organisational structure
There are many types of organisational structures. Following are some types of organisational
structure with their advantages and disadvantages in tabular form :
 Line organisational structure – In this, the departments are arranged orderly according
to their type of work. They are expected to communicate and focus only on their relative
line of department with direct and vertical relationships (Chaudary, Navid Tahir and
Mubin, 2020).
◦ Advantage – The authority, responsibility and work is clear and simplified.
◦ Disadvantage – The key person or manager are overloaded due to the responsibility
and maintenance of their whole department.
 Hybrid Organisational structure – This structures divides the different activities into
different departments with combination of both functional and divisional structural
activities. It is used in business entities that have large and complex differentiation of
roles.

◦ Advantage – The adaptability and flexibility between different divisions is smooth. It
also help in identifying goals clearly.
◦ Disadvantage – The workload on different administrations varies which leads to
slow response to some exceptional situations.
 Matix organisational structure – It is a permanent type of structure that have focus on
some specific type of function and is consisted of expertise members of the relevant area.
◦ Advantage – The response needed for change is fast with flexible and minimal use of
needed resources
◦ Disadvantage – The conflicts increase due to use of different strategies, beliefs and
process as there is confusion over authority.
Define business functions and their responsibilities
Business functions can be mentioned all the activities that are carried out by a company which
tells about its capabilities with managerial support. These functions are divided into core
functions and support functions (Khan, 2020). Core functions involve the important process of
the company that leads to the production of final goods or service. Support functions involve the
ancillary activities whose main responsibility is to facilitate the core business activities. Business
functions are further divided into several functions which forms different departments of a
company. Some of these departments are :
 Finance – This function is responsible for handling all the accounting and other
monetary related aspects of the company such as funding, budgets and financial.
oversight.
 Sales and marketing – This function's primary focus is to make the consumers feel the
related product's / service's presence and importance to increase its sales which will
directly contribute to its revenue.
 Research and development – The responsibility of this function / department is to
identify the need of the market, finding new and effective ways used in production to
implement them in company's function which will lead to its development (Grandy,
2018).

The marketing function and its relation to other functions that leads to business success :
This is the function that performed in the market for identifying and to taking goods and
services from the place of origin to the place of demand. This makes the market know about the
product or service that and organisation is providing to the market and works in telling its
importance and how it can benefit the customers (Skidmore-Hess, 2019). This is one of the basic
functional department of a company. It also have relation to other departments and effect them.
Its relation with some other departments and how it impacts the organisation is discussed in the
following points :
 Research and development with marketing – This function is used for generating new
ideas and creating new innovative products. The development of any new product or
service must be based on the needs of the market. After building of the product and
ready to sell in the market, the marketing function helps in representing the needs of the
consumers that can be fulfilled by the related product.
 Human resource with marketing – The HR department of a company overlooks all the
employee related elements such as recruiting, training, retention and analysing their
basic needs/ wants. The marketing function in relation to HR works in telling the
audience about the open job slots of the company which directly impacts in attracting the
unemployed people and gives the company with a choice from the representatives that
can fit the best (Hoffmann, de Simone Morais and Teodoro 2020)(.
Management functions and how they manage a business :
Different management functions and their responsibilities :
For the efficient management, a manger uses certain fundamental functions which are
known as managerial functions. There are basically five types of managerial functions that are
defined in the following points :
 Planning – It is the basic function that is one of the first activity in the process of
attaining a business organisation. It determines the ways that are to be practised and
objectives that a company can attain for its growth.
 Organising – This function assures the presence of all the useful things that are needed in
the process of finally selling the product in the market such as – raw material, tools,
capital and machinaries.

 Staffing – This function is only related to the maintenance and availability of the
employees.
 Directing / leading– This is the function of providing the personnels of an organisation
with some orders that are needed to be followed and leading them.
 Controlling - This function plays a role in all of the above functions and assures that
these functions are done accordingly as expected and maintain relation between each
other.
Two of the above functions are discussed in detail with there responsibility that help in the
success of a business organisation in the following points :
 Planning – This is basic and mostly the fist activity in the process of a business
organisation. This is concerned with the determination of the goals that must be achieved
by a company for growth and the process that is to be followed to achieve these goals
Madhani, 2021). These help in success of a business by identifying the process that is to
be followed and this gives direction to a company and motivates to do work more for
achieving the objectives / goals.
 Organising – These provide an organisation with a systematic form and availability of all
needed materials to avoid the negative impact on the growth of it. This function avoids
the repetition and duplication of work. This helps in the success of a busies enterprise by
having a positive impact the efficiency of it.
Talent Management and Organisational Culture :
The role of HR in relation to talent management :
Talent management is an important component of the workforce management strategy of
HR that is needed to focused. All the activities of HR – recruiting, hiring and retaining considers
to involve this type of management to keep the talented employees with the company
(Szkudlarek, Nardon and Toh, 2021). The different function of the HR promotes talent
management in the following ways :
Recruiting – It is the foundation of hiring people and focus on recruiting the talented people that
provide the organisation with efficient performance.
Performance management – It focuses on providing the rights processes to employees that can
promote their talent and effectiveness.

Defining organisational culture and how positive culture impacts on the success :
This tells about the proper ways to behave within an company by considering the beliefs,
values and ethics of the related people or only leader. The impact of the identification adoption
of culture is vast. These are defined in various types such as hierarchical and market culture.
Positive organisational culture is based on the beliefs and consideration of the related market
which provides the employees and customers a trust relationship and directly helps in attracting
the customers and increasing the productivity of employees.
CONCLUSION
From the above report it has been concluded that, management is a art that is used in
many aspects of life and a business organisation. This management is included in mostly all the
factors and activities performed in a business entity. This is vast topic that is divided into many
different parts to deeply understand and implement for the growth of the firm. There are business
functions such as sales and marketing that are not just focused on its work but also in
maintaining relation with other business functions.

REFERENCES:
Books and Journals:
Kernstock, J., Brexendorf, T.O. and Powell, S.M., 2017. Introduction: Luxury brand
management insights and opportunities. In Advances in luxury brand management (pp.
1-24). Palgrave Macmillan, Cham.
Chaudary, N.A., Navid Tahir, M.N. and Mubin, G., 2020. Transforming health: Introduction of
new management structure at secondary healthcare of Pakistan. European Journal of
Public Health, 30(Supplement_5), pp.ckaa166-649.
Khan, S.A.R., 2020. Introduction to the Green Supply Chain Management. In The Critical
Success Factors of Green Supply Chain Management in Emerging Economies (pp. 1-
34). Springer, Cham.
Grandy, G., 2018. An introduction to constructionism for qualitative researchers in business and
management. The Sage handbook of qualitative business and management research
methods, pp.173-184.
Skidmore-Hess, D., 2019. Business conflict and theories of the state. In Business and the state in
international relations(pp. 199-218). Routledge.
Hoffmann, B.S., de Simone Morais, J. and Teodoro, P.F., 2020. Life cycle assessment of
innovative circular business models for modern cloth diapers. Journal of Cleaner
Production. 249. p.119364.
Madhani, P.M., 2021. Lean Six Sigma in finance and accounting services for enhancing business
performance. International Journal of Service Science, Management, Engineering, and
Technology (IJSSMET). 12(6). pp.141-165.
Szkudlarek, B., Nardon, L. and Toh, S.M., 2021. A temporal perspective on refugee
employment–Advancing HRM theory and practice. Human Resource Management
Journal.