MG408 - Business Functions: An Examination of Tesco plc's Success

This report provides an analysis of the key business functions within Tesco plc, a multinational retail brand. It defines and explores the roles of marketing, finance, operations/production, and human resources departments, emphasizing their individual contributions and the importance of their collaborative efforts in achieving organizational success. The report uses academic sources to support its claims, highlighting how each function, from marketing's brand promotion to finance's fund management and HR's staff development, contributes to Tesco's overall performance and sustainability. It concludes that effective communication and coordination between these functions are crucial for enhancing the company's profitability and maintaining a competitive edge in the market. Desklib offers a platform for students to access this report and other solved assignments for academic assistance.

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Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION ...............................................................................................................................4
REFERENCES:...............................................................................................................................5
Books and Journals:....................................................................................................................5

INTRODUCTION
Business may be define as a legal entity in which people are engaged in different
commercial, industrial and professional activities with the main purpose of generating higher
profit. Business functions may be define as the different activities which are carried by the
employees of the company in order to achieve the set objectives (Bibi, 2019). This report is
going to give information about the different functions of TESCO plc. The company is a
multinational brand of UK an the headquarter are situated in Hertfordshire, England.
Organisations mainly deal in groceries and general items. TESCO plc was founded in 1919 by
Jack Cohen. This report also covers the role of different functions ans their importance while
working together.
MAIN BODY
Marketing may be define as the process which are undertake by the organisation in order to
promote the brand of organisation and help them in making connections with the investor,
customer and client. In relation to TESCO plc, the manager of the marketing department use
different digital and social media method for the branding of the product in the market. By doing
this they not only attract the new customer base but also increases the sales.
Finance department of the company is liable for arranging the funds for company when needed
and also manage the expenditure of the firm (Grannis, 2019) . The employees of this department
deals with all the financial functions of the business. In relation to the TESCO plc the employees
of this department make the financial reports like balance sheet or profit &loss a/c and also set
the budget for the different department of the company. They also generate the fund when
needed by the company.
The Production/ operational department of the company is responsible for manufacturing the
goods and services for the company so that sales department can sells these products in the
market. In context to TESCO plc, the employees of this department is responsible for
productions of goods and services, purchasing of raw material and control the quality of goods.
The main functions of Human resource department is hiring, screening, managing the
candidates for the company and develop training programme for them. In relation to TESCO plc,
the HR department of the company follow the rules which are related to the labour and

employment laws. They are responsible for staff training, managing and making industrial
relations and most importantly health and safety of the employees.
Different business functions are interrelated with each other and help the company in
achieving a successful position in the market(Taherpoor, Modares and Alaie, 2020). As the HR
department of the company select the appropriate staff and provide training to them which
improves the productivity. The finance department set the budget for different department like
provide fund for production department to purchase the raw material and set budgets for
campaigning of the products and many more. Thus all the department are interrelated with each
other.
CONCLUSION
From the above report it has been concluded that there are different functional areas of
business and it is very important for them to work together to achieve the set objectives of the
business in a very proper manner. With the help of this different department of an organisation
communicate in a very efficient manner which improves the sustainability as well as the
profitability of the company. This report also conclude the importance of different business
functions while working together.

REFERENCES:
Books and Journals:
Bibi, M., 2019. Execution of Artificial Intelligence Approach in Human Resource Management
Functions: Benefits and Challenges in Pakistan. Sarhad Journal of Management
Sciences. 5(1). pp.113-124.
Grannis, C.Β., 2019. The Structure and Functions of the Book Business. In The Business of
Book Publishing (pp. 12-17). Routledge.
Taherpoor, H., Modares, A. and Alaie, R., 2020. Effects of Privatization of Iranian Listed
Corporates on their Functions and Performance. Quarterly Journal for Management and
Development Process. 33(1). pp.57-79.