Report on Tesco's Business Functions and Undergraduate Skills

This report provides an executive summary of Tesco's business functions, analyzing the core and support functions necessary for the company's operations. It begins with an introduction to Tesco, a multinational grocery retail firm, and its aim to be a leader in the retail industry through effective busin...Read More

PROJECT

EXECUTIVE SUMMERY
This report is carried on Business function of Tesco. It is a British multinational grocery
retail firm which operates their business across globally behind this their main aim is to become
leading company in retail industry. And this is possible with the help of execution of effective
business function. Here business function refers to those activities that which are carried out by
business entities for reaching goal of company. It can be divide into two section i.e. core or
support function in which core function are those which aids company in yielding income
whereas support function refers to those activities which is used to facilitate core function.

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY ..................................................................................................................................4
Analyse different types of business function with importance as well as demonstrate their link
with each other............................................................................................................................4
Discuss academic skills and techniques that are essentials for undergraduate student...............5
CONCLUSION ...............................................................................................................................6
REFERENCE...................................................................................................................................7

INTRODUCTION
Business unit hold several functions and activities within organisation in order to attain
its predetermined goal or objective (Vedel, 2016). The present repost is based on Tesco
organisation in order to understand the meaning and importance of all function that a business
unit consist. It is a multinational grocery retail company of UK that was founded by Jack Cohen
in year 1934. In this report, discussion about interrelation of each department is carried out with
their importance and meaning.
MAIN BODY
Analyse different types of business function with importance as well as demonstrate their link
with each other.
Everything that company holds for operating their business in order to earn profit for
growth and development is considers as business function within company (Boyce and Ville,
2017). It includes finance, marketing, human resources and operation department. In context of
Tesco all these department are discussed below:
Illustration 1 : functional structure of Tesco
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Finance Function:

The function of this department is to manage all cash inflows and outflows within
company. The managers of finance department of Tesco company is responsible for acquiring all
funds for enterprise. They will plan and manage about all expenditure of fund that is need. For
instance production department need fund for production and that is fulfilled by this department
as it checks all budget related with production and permits funds for same.
Marketing Function:
The role of marking department is to promote product or services in order to increase
sales and profit of company with the help of social media, E- commerce, advertising, and digital
media source (Hillemane, Satyanarayana and Chandrashekar, 2019). This department is internet
with all other departments of Tesco as this department requires funds for promotional activities
that time mangers of marking department need to contact with finance department.
Human resources department
It mainly concerned with recruiting skilled and talented candidate within company as it is
important in order to launch new innovative and creative products for garbing numerous
consumers. This department has interrelation with other all other departments as it aids in
recruiting potential applicants on the basis required skills for performing challenging and
difficult task as well as for combatting with rivalries.
Operation department:
The task that operation department hold is manufacturing, packaging, labelling and
delivering of goods or services. In every business company it is important because it aids
mangers to effectively manages, control and supervision the goods, services and consumers
(Willcocks, Lacity and Sauer, 201). In relation to Tesco, this department is interned with all
other section of firm such as it helps finance department to maximize the effectiveness of
inventory by managing stock as well as helps sales department in planning about future sales
targets.
Discuss academic skills and techniques that are essentials for undergraduate student.
Academics skills are important for increasing knowledge & skills in order to achieve
success and growth in career. In which undergraduate student need to acquire some academic
knowledge such as writing, delivering presentation, time management and the excellent
communication skills to perform task in effective way as it is need for starting their professional
career. All these skill will aids them to achieve growth and success in future as time management

is very essential element in professional life for proper execution of goal or objective (Carillo,
2017). Excellent communication skill will provides strength to speck in front of so many peoples
as well as build confidence to perform task in a very effectual manner. Another skill that is
important for undergraduate students is to have effective learning strategy that help them to adapt
concepts of different academic topics. Therefore, there are many skill that is need in
undergraduate students for achieving development and success in life.
CONCLUSION
From above report its has been analysed that in a business unit there are various function
such as marketing, finance, production and human resources that plays vital role in order to
accomplish organisational goal. In which it studied about interrelation of each department of
Tesco company. It explains how all individual section aids other department for satisfying the
need and demands of buyers and that will directly helps firm to attained its predetermined goal.

REFERENCE
Books & Journal
Boyce, G. and Ville, S., 2017. The development of modern business. Macmillan International
Higher Education.
Carillo, K. D. A., 2017. Let’s stop trying to be “sexy”–preparing managers for the (big) data-
driven business era. Business Process Management Journal.
Hillemane, B. S .M., Satyanarayana, K. and Chandrashekar, D., 2019. Technology business
incubation for start-up generation. International Journal of Entrepreneurial Behavior &
Research.
Vedel, M., 2016. The triad value function–theorizing the value potential of connected
relationships. Journal of Business & Industrial Marketing.
Willcocks, L. P., Lacity, M. C. and Sauer, C. eds., 2017. Outsourcing and offshoring business
services. Springer.