The Role of Business Functions: A Tesco Analysis (MG408)

This report analyzes the role and importance of various business functions within Tesco, a British multinational groceries and merchandise retailer. It delves into the significance of marketing in connecting with customers, building brand loyalty, and influencing business decisions based on customer needs. The report also explores the crucial role of finance in managing monetary exchanges, aiding in dynamic decision-making, and contributing to long-term financial strategies. Furthermore, it highlights Tesco's responsibility in production, emphasizing the creation of high-quality products with minimal resource usage. Lastly, the report underscores the importance of human resources in managing employees, ensuring compliance with laws, and fostering employee development to achieve organizational goals, ultimately concluding that the effective management of these business functions is vital for Tesco's success in the marketplace.

MG408
The Graduate
Challenge

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Evaluate the role and importance of different business functions..............................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Business functions refers to a set of elements that can be performed by organisation
department(Chinmulgund and Tapas, 2020). In this report the choosen firm is Tesco( a british
MNC of groceries and merchandise retailer, headquartered in England UK). This report is
discusses about the company's role and importance in terms of Marketing, Finance, Operations
and HR.
MAIN BODY
Evaluate the role and importance of different business functions.
 Marketing
It refers to the activity for buying and selling of goods and services from production to its
consumer. The main role that can be perfomed by Tesco is directly connect with clients through
advertising campaigns. This can help in strengthning the trust of customers in terms of its brand
image alongwith loyalty and also influence the business decisions in respect to the customer
needs. This function is very important for organisation in generating its revenue by attracting
customers towards its products and enhanced its reputation through customer awareness related
to products.
 Finance
It is a business movement that portray to control all the financial capacity like banking, planning,
loaning , getting and contributing assets. It plays a key role in Tesco, by taking care of all the
monetary exchange that aides in dynamic alongside expanding the deals and edges. The
importance of money work in Tesco is to make expectation regarding what may be occur in
coming scenerio and furthermore help to settle smart financial decisions in respect to long haul
financing methodologies as well as income.
 Production
It alludes to a technique that depicts the several combinations ofraw material which can changed
over into completed products. All the monetary prosperity is made underway interaction that
point straightforwardly or by implication to fulfill human needs(Deepak and Jeyakumar, 2019).
Tesco assumes a significant role by taking responsibility of assembling items with incomparable
quality and least usage of resources with a given time. Also, its importance is to change input
into yields by successful utilization of land , labour and money.

 Human Resource
It decides the organization division that is accused of discovering, screening, enrolling, choosing,
preparing and managing the benefit program for an employee(Sardanelli, 2020). It includes
liabilities which incorporate pay and advantages, recruiting, terminating and stay up to date with
any sort of laws that might influence the organization and its representatives. HR plays a critical
role in Tesco, as it helps in deaing with a quick changing business climate and a more
noteworthy interest for quality workers. Importance of HR in this organization is to work on the
abilities and type of their representatives at a possible stage with the goal that they can convey
their best to accomplish organisational objectives.
CONCLUSION
It is conclude from the above report that the business function is a very important
attribute of an organisation. It comprises different factors such HR, Finance, Marketing,
Production for deciding the situation of the organization in marketplace.. All components played
out a particular assignment that can help in distinguished the prescribed procedures for a group
to accomplished wanted objectives and produce benefit without losing any sight.

REFERENCES
Books and Journals
Chinmulgund, A. and Tapas, P., 2020. Business sustainability and the role of hr in an
organisation.
Indian Journal of Ecology. 47(spl). pp.31-41.
Deepak, R.K.A. and Jeyakumar, S., 2019.
Marketing management. Educreation Publishing.
Sardanelli, D., 2020. Approach to Dual Marketing: Re-organisation of Structures and
Development of Competencies. In
Beyond Multi-channel Marketing. Emerald
Publishing Limited.