Analyzing the Importance of Business Functions: Marks and Spencer

This report examines the critical functions within Marks and Spencer, a British international retailer. It highlights the importance of departments such as marketing, which promotes the company and researches consumer needs; finance, which ensures capital availability and manages financial obligations; production, which focuses on delivering high-quality products; and human resources, which enhances productivity and maintains a positive work environment. The report concludes that each function plays a crucial role in the company's survival and success, contributing to smooth operations and overall growth. Desklib offers a variety of study resources, including past papers and solved assignments, to aid students in their academic pursuits.

CW1 Business Report
Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Essay on the importance of different business functions.............................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Function of business are the practices that are opted by the businesses does it can divided into
core elements as well as support functions. Additionally, core function of the business are the
practices of the company which focuses on yielding income. The manufacturing of the final
services or products are for the market (Saxena 2020). The following report is based on the
company Marks and Spencer which is a British international retailer having their headquarters in
London. Company was founded in the year 1884 and it was founded by Michelle mark and
Thomas Spencer. Company specialises in dealing home, food and clothing products globally.
The following essay will cover about the importance of different business function.
TASK
Essay on the importance of different business functions.
Marketing department has the key role in promoting the company as well has its mission. It
basically focuses on acting as the face of the organization, managing and manufacturing all the
products which is representing the business. This department is essential because organization
use marketing research in order to examine how to meet the needs and desires of the consumers
as well as how to maintain the quality of the product and service is giving to the customers
(Hague, 2021). It is the duty of the marketing department in order to maintain the high
satisfaction level of the customers as it will lead to immediate effect on the repurchase intentions
of the consumers. In addition to this, finance function makes sure that sufficient and regular
facility of the capital for the operation of the business. What is the role of this department to
make sure that the organization pay all their suppliers as well as debtors on time. This
Department is important because it majorly coordinates the income and Expenses monitoring.
The aim of this department is to manage books flawlessly as well as it is also essential because of
the payroll management of the employees. The role of the department of production for altering
the raw materials into the final product or services in order to sell it into the marketplace. This
function is Very important as the main aim is to make sure that the organization supplies the top
quality products which ultimately meet the requirements of their consumers on the regular basis.
Moreover, to this human resource department has the key role in enhancing the productivity and
protecting the company from any type of conflict which might come within the staff (Hendry,
and Pettigrew, 2020). The role of this department involves recruitment, hiring, firing, rewards

and compensation. This function is very important because it is the in charge of maintaining the
healthy and satisfied working atmosphere as well as keeping the workers safe.
CONCLUSION
From the above report it has been concluded that business functions are very much crucial for the
survival as well as success of any business. There are several departments which are essential for
the smooth operations of the business and each department has a different role which it needs to
perform for the growth of the business.

REFERENCES
Books and Journals
Hendry, C. and Pettigrew, A., 2020. The practice of strategic human resource
management. Personnel review.
Hague, P., 2021. Market research in practice: An introduction to gaining greater market insight.
Kogan Page Publishers.
Saxena, N., 2020. Managing Business, the Sustainable Way. IUP Journal of Business
Strategy, 17(4).