Analysis of Various Business Functions and Their Importance at TESCO

This report provides an analysis of the core business functions, using TESCO as a case study. It explores the significance of marketing, finance, human resources, and operations, emphasizing their interconnectedness. The report highlights how these functions work together to achieve business objectives, enhance productivity, and gain a competitive advantage. It also discusses the importance of these functions in the context of the current competitive environment. The study concludes that collaboration between these functions is crucial for the success and sustainability of a business. The report includes references to academic journals and books, and it is designed to provide students with a comprehensive understanding of business functions.

BUSINESS FUNCTIONS

Table of Contents
INTRODUCTION...........................................................................................................................2
TASK...............................................................................................................................................2
Varied business functions and its significance in context of working together..........................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
Business functions are actions and key activities carried out by a company; they can de
distinguish into core functions and support activities. The current essay will explain different
types of business functions and their role in an organization. Furthermore, this assignment will
justify importance of all these functions working together.
TASK
Varied business functions and its significance in context of working together
Marketing function-
It is the main function of TESCO that helps to play vital role in success and growth of its
business (Kirova, 2017). With the help of this activity company can effectively promote business
and their mission in systematic manner. Marketing function helps to reach out to target
consumers, prospects, and community, while developing an overarching image that shows
business in a positive light. Furthermore, it aid to establish strong relation between target
consumers and company, which is important.
Finance function-
In context of TESCO, this function work effectively and aid to increase profitability level
even better. It includes utilization and acquiring of funds important for efficient business
operations. Finance manager by indentifying needs and allocating funds can increase operational
efficiencies of company rather than before and also contribute to manage funds allocation
activities in effective manner. It has to allow decision across company and provide several
benefits. They are highly accountable for allocating money to marketing and other business
departments (Keating and Ghani, 2017).
Production function-
Along with all above business functions, it also plays crucial role in long term success of
TESCO. Production is functional area accountable for converting inputs into completed output
through a range of production procedures. They work more closely with marketing, finance and

almost every department of company to make and serve the best within target market segment,
which in return increase overall efficiency of firm. By making assure that raw materials are
offered to consumer’s production manage increase satisfaction degree of people, which is
important for business.
Human resource function-
HR function of TESCO by working with finance and marketing achieve business
objectives which is essential for company. Furthermore, it plays vital role in firm as it help to
strengthen workforce and their abilities which allow people to grab competitive benefits. HR
activities fall under five different core functions; recruiting, compensation, development, labour
relations and other.
Importance of all above function working together-
As discussed above, human resource, operation, marketing and finance are working
together at workplace within TESCO, in order to enhance productivity and performance level of
business rather than before. When all these functions perform together, they can contribute to
grab competitive advantages for organization. In recent time, due to intense competition level
company face a lot of challenges and feel high pressure to sustain for longer. So, in that case it is
really very important for above functions to work together and drive firm towards sustainability.
CONCLUSION
From above analysis, it has been concluded that by working together marketing,
operations or production, human resources and finance department achieving set aims of
business in effective manner.

REFERENCES
Book and Journals
Keating, E. and Ghani, N.M., 2017. Finance Department Restructuring at the Field
Museum. Kellogg School of Management Cases.
Kirova, V., 2017. Exploring the role of strategic marketing department. Journal of Marketing
Development and Competitiveness. 11(2).