University Business Report: Tesco's Functions and Academic Skills

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Added on  2023/01/06

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This report provides an analysis of the various business functions within Tesco, a multinational retailer, highlighting the importance of management, finance, human resources, and marketing. It explores how these functions are interconnected to achieve organizational objectives, with a specific focus on how the finance department allocates funds, the marketing team promotes products, and HR recruits suitable candidates. The report also emphasizes the academic skills essential for undergraduate students, such as writing, research, presentation, and time management, which are crucial for professional success. It underscores the need for efficient learning strategies to grasp different academic topics and develop a deep understanding of specific subjects, ultimately contributing to the overall performance and productivity within a business context.
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Table of Contents
INTRODUCTION:..........................................................................................................................3
Task 1...............................................................................................................................................3
Analyse how different business functions are important and demonstrate their link with each
other.............................................................................................................................................3
TASK 2............................................................................................................................................4
Elaborate academic skills as well as techniques that are essential for a undergraduate student4
CONCLUSION................................................................................................................................4
REFRENCES...................................................................................................................................5
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INTRODUCTION:
There are various functions that are essential to undertake in order to achieve
organizational objectives ( Cunningham and Christie,2019). The present report gives insights
about different business operations in context of Tesco that is a multinational groceries and
general products retailer based on UK. It consist information about several business functions
and their interlink with each other. Further it discuss the skills that are essential for a
undergraduate student to explore in career.
Task 1
Question) Analyse how different business functions are important and demonstrate their link
with each other
Business operations such as management, finance, human resources, marketing, are
essential to undertake in order to attain predefined objectives. In context of Tesco, managers of
company carry out various functions to meet with the demand of potential buyers. Marketing is
a crucial activity that helps to attract more number of buyer towards the product and service of
organization ( Hurst, Azevedo and Hawranik, 2018). It make them enable to earn higher profit
margins through increasing in sales. Finance department of entity procure, allocate funds as per
requirement. They are responsible to make efficient utilizations of available fund,minimize cost
and inflate profit margin. Operations is an essential functions that is carry out to ensure business
efficiency and higher productivity. Human resources are key person of entity and put their
efforts for the success and growth of organization. There are strong interlink between all these
functions. Finance managers provide funds for promoting products on the another side marketing
team help to enhance the inflow of cash through extensive promotion and advertisement. HR
personnels hire suitable candidates for all other divisions within organization. Hence, there must
be efficient link between different departments to enhance overall business performance and
productivity.
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TASK 2
Question) Elaborate academic skills as well as techniques that are essential for a undergraduate
student
Academic skills are necessary to enhance in knowledge and to explore in career.
Undergraduate students should undertake certain academic skills such as writing, perform
extensive research,deliver presentations, time management and so on (Paine, D.R., 2017). These
students are near to start their professional journey and to be successful in professional career, it
is important to have exponential academic potential. They need to have efficient time
management capabilities to perform assign task within pre-defined time. Extensive research will
enhance their knowledge and render deep understanding about a particular topic. Furthermore,
Presentation skills are important to grow and succeed in professional career. Writing skills will
improve grammatical error and make them able to deliver quality content ( Stacey, and Holland,
2017). It assists them to plan and write various essays, reports , projects in an effective manner.
Efficient learning strategy is crucial in order to adapt the concepts of different academic topics. It
will help them to develop deep understanding about a specific topic. Hence, there are various
academic skills that should be present in an undergraduate student in order to get success and
explore.
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CONCLUSION
With the above report it can be concluded that several business functions such as marketing,
operations, finance are crucial to enhance organizational performance. It states how different
business operation s are interlink with each other. Further, it discussed about various academic
skills such as writing, presentation, time management and many more that are important to be a
successful undergraduate student.
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REFRENCES
Cunningham, E. and Christie, F., 2019. ‘There’s no place like home’: an exploration of graduate
attitudes toward place and mobility.
Hurst, D., Azevedo, A. and Hawranik, P., 2018. Building adaptive capacity in online graduate
management education. In On the line (pp. 265-280). Springer, Cham.
Paine, D.R., 2017. Psychology, faith, and training: humility and mature alterity for graduate
study. Journal of Psychology and Christianity, 36(2), p.110.
Stacey, G. and Holland, K., 2017. Graduate entry nurse education: A challenge or opportunity
for the future of the profession?. Nurse education in practice, 100(22), pp.A1-A2.
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