Management Structure, Business Functions, and Talent Management

This report provides an overview of management structures and business functions within an organization. It delves into different organizational structures, such as line and flat structures, highlighting their advantages and disadvantages. The report also examines key business functions including operations, human resources, marketing, finance, and accounting, explaining their roles and interdependencies. Furthermore, it discusses the crucial management functions of planning, organizing, staffing, directing, and controlling, emphasizing the relationship between planning and controlling. The report also explores the role of HR in talent management and the impact of organizational culture on business success, concluding with the importance of aligning talent management with organizational goals to foster a positive and productive work environment. Desklib offers more solved assignments and past papers for students.

Introduction to
Management

Table of Contents
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
1. Management structure and Business functions..................................................................3
Business Functions................................................................................................................4
2 Marketing Function.............................................................................................................4
3 Management Functions.......................................................................................................5
4. Talent Management and organisation culture ...................................................................6
Positive culture impact on the success of the organisation....................................................7
.............................................................................................................................................7
Conclusion.......................................................................................................................................7
References .......................................................................................................................................8

Introduction
The management is the practice that performs by the organisation In order to achieve the
business goal. Through the dedicated management company administrate and coordinate their
task in relation to their business operations. By coordinating the staff efforts and strategies
implementation of strategies succours the organisation to achieve the set objectives
Main Body
1. Management structure and Business functions
A management structure defines how company frame or organise their management work in a
systematic order in order to utilize the resources and workforce more effectively. Below are the
description of dedicated organisation structure;
Line organisational structure
the above mentioned structure forms direct and vertical level of communication between
the different level of management. The line department are involved in such process to
accomplishing the organisational set of goals.
Advantages
 It clarify and simply the department relationships by enhancing the accountability and
responsibility in functions.
 Developed quick form of decision making
 complex free structure
Disadvantage
 Under this there is a lack of specialization because the organisation has to face the issue
of expert advice.
 Rigid and inflexible.
Flat organisation structure
The flat organisation structure derives less management layer in their functions as well as
include number of authority. By the effective implementation in organisation function delivers
the fast decision making, employees reliability as well as customer satisfaction. The mentioned
structure majorly used in the small departments of businesses.
Advantage
faster communication in between the department

Saves employer cost by proper implementation in firms functions.
Enhance the morale of employee by providing the power decision making.
Disadvantages
Not work effectively in the large sized of businesses
Bad decision making can made due to rely on front line employee.
Business Functions
Business functions are the practices that perform by the organisation. These activities can
be divided various functions such as;
Operations- in this function the component or raw material are converted into a product and
provide such finish goods in the market. The operational department of organisation insures in
order to create the effective practice in the functions in order to ensuring the proper use of
resources. Through this process company achieve high efficiency in their operations as well as
provides good services and product in the market.
Human resources- The human resource department plays major role in order to manage the
employees of a company. According to the company requirement the respective department
select and recruit the ideal candidate as well as manage them in order to extract the productivity .
Through the proper training and guidance these employees are motivated by HR department
Marketing- The marketing department focuses on market research sales and marketing of the
operation of the company. The respective department advertise and distribute the products to the
potential customer of the company.
Finance and accounting- The respective department manage all the deals related to the money
management in the organisation system. Finance and accounting department plays a major role
By providing the proper allocation of funding to all the department of organisation. It prepare
budget and finalize the cost of business functions (Banfield, Kay and Royles, 2018).
2 Marketing Function
Marketing and operations department
The marketing and production department both rely on each other functions. The operations of
marketing department is to sell the company products in the market. Therefore, to fulfil the
customer need and satisfaction the operational department ensures to create the ideal product
according to the marketing department campaigns. Hence both of the department work together
in order to provide the ideal and quality products in the market.

Marketing and finance
The marketing department of companies perform several activities in the market to create the
potential customers towards the company functions such as digital marketing campaigns,
advertisements of products on several channels like TV ads, Magazines and other social media
platforms. All of the above activities requires funding. Therefore, finance department allocate the
funds and budget to the respective department in order to fulfil their requirement (Nankervis,
Baird, Coffey and Shields 2019).
Marketing and HRM
The marketing department needs skilful and ideal candidate in their department in order
to perform efficiently in the market. Hence, both of the department work closely in order to fulfil
the requirement of Marketing department. The HRM department ensures to recruit and select the
ideal candidate according to the requirement of marketing department. By these functions they
helped the marketing team in order to achieve their targeted goals, create effective sales team as
complete the production target.
3 Management Functions
Different functions of management with their responsibilities
There are different functions of the management such as planning, organizing, staffing, directing,
and controlling.
Planning- It is one of the main function of the management which allows to attain the
determined goals of the company. In order to fulfil the actions a proper plan is required to solve
the problems and decision making.
Organizing- Under this the human resources, financial resources and the other resources are
managed to achieve the goals of the company. It also involves the various duties, activities and
coordinating the authority to enhance the relationships.
Staffing – To manage the people in relation to search and appoint the person for the right post
such as recruitment, selection, placement, remuneration and many others.
Directing- It has the various elements such as supervision, motivation, leadership and
communication which allows to oversee the level of work by directing it to the people by
motivating them to work (Polak and et.al., 2020).
Relationship between two management functions

Relationship between the planning and controlling
Planning and controlling are related with each other as planning is the first step in setting the
goals of the organisation and to make sure about the accomplishment controlling is required.
Planning allows to coordinate the controlling function by setting the target. In both the cases, the
actual performances are compared in order to set the benchmark to record the differences in
order to improve the performance. In reference to look forward, both are also interlinked as both
the planning and controlling are essential for achieving the organisational goals. The both are the
twins of management and controlling is not possible without planning. Planning makes sure
about creative thinking and judgements while controlling is related to converting the decisions
into actions. Moreover, the planning is prescriptive and controlling is evaluative. Planning
comprises of the intellectual thinking, decision making with required course of actions. Planning
helps to predict the future and controlling does the same in the company (Erthal and
Marques,2018).
4. Talent Management and organisation culture
Role of HR in Talent management
To manage the people and hire the right people in order to develop the company with strong
management policies to make the best strategic business decisions.
The main base of any business is the talent management to appoint the right people which are
suitable for the position to contribute in the working of the management.
Once the employees are appointed the HR department makes sure about the regular review of the
employees in reference with their performance and level of productivity.
Organisational culture
It is the culture which comprises of various values, practises, expectations which is a guide for
all the members of the team. It leads to affect the overall business to bring more results. All the
companies have different culture and way of operating that makes the company stand out. The
success of the company depends upon the set of beliefs, strategies and structures .

Positive culture impact on the success of the organisation
There are various ways in which the positive culture creates an impact on the overall success of
the company is explained below-
 The main talent can be retained with the help of the positive work culture and the
companies which has a positive environment likely to capture the motivated and
deserving employees.
 The level of productivity can also be improved with the help of positive work culture as
the employees feel motivated and satisfied with the job. In a positive work culture,
employees do their best (Stewart and Brown,2019).
Conclusion
Business functions allow to have a wide view of different type of business activities which
assists in identifying the main activities of business. It can be concluded from the above report
that there are different forms and functions of business which are required for ascertaining the
challenges in the future. It explained the various ways to mange the talent in the business which
helps to support the organisational culture.

References
Books and Journals
Stewart, G.L. and Brown, K.G., 2019. Human resource management. John Wiley & Sons.
Erthal, A. and Marques, L., 2018. National culture and organisational culture in lean
organisations: a systematic review. Production Planning & Control, 29(8), pp.668-687.
Polak, P., Nelischer, C., Guo, H. and Robertson, D.C., 2020. “Intelligent” finance and treasury
management: what we can expect. AI & SOCIETY, 35(3), pp.715-726.
Nankervis, A., Baird, M., Coffey, J. and Shields, J., 2019. Human resource management.
Cengage AU.
Banfield, P., Kay, R. and Royles, D., 2018. Introduction to human resource management.
Oxford University Press.