Introduction to Management Structure and Business Functions Report

Verified

Added on  2022/12/29

|8
|1990
|84
Report
AI Summary
This report provides a comprehensive overview of management structures and their impact on business functions, using Tesco as a practical example. It begins by outlining the advantages and disadvantages of hierarchical and matrix structures, common organizational models. The report then explores various business functions, including production, marketing, and human resources, detailing their responsibilities and interrelationships. The crucial role of marketing in relation to the business is analyzed, followed by an examination of core management functions such as planning, organizing, controlling, and leading, and how they contribute to business growth. The report also focuses on the role of Human Resources (HR) in talent management, emphasizing its significance in recruiting, developing, and retaining employees. Furthermore, it examines Tesco's organizational culture and the impact of a positive culture on employee performance, productivity, and overall business success, concluding with a summary of the key findings and references to the resources used.
Document Page
INTRODUCTION TO
MANAGMENT
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Business functions and Management structure ..........................................................................3
Disadvantages of hierarchical structure:......................................................................................3
Advantages of matrix structure....................................................................................................4
Business function and there responsibilities................................................................................4
Marketing function and its relation to business...........................................................................4
Management function and there responsibilities.........................................................................5
How planning and organizing help business grow......................................................................5
Role of HR in talent management................................................................................................6
Tesco culture and impact of positive culture on the Tesco..........................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................1
Document Page
INTRODUCTION
Management the term refers to that it is the act of getting things done with the help of
others and having them do it willingly (Lewin and et.al., 2016). This report will lay emphasis on
the advantages and disadvantages of different type of Tesco structure. Business function and
there responsibility. Present report focuses on Tesco is considered as a British multinational
grocery firm as its headquarter in Welwyn Garden City, England . Present Report focuses on
Business functions and Management structure, Disadvantages of hierarchical structure: matrix
structure, Business function and there responsibilities relation to business. Organizing help
business grow, Role of HR in talent management impact of positive culture on the Tesco
MAIN BODY
Business functions and Management structure
Advantage and disadvantage of different type of business Tescol structure :
Hierarchical Tescol structure, a hierarchy is defined within an Tescol structure.
Different level of authority are connected with a chain of command and different management
levels with in the Tesco (Lewin and et.al., 2016)..
Advantages of hierarchical Tesco, this type of structure can provide benefit to the business in
terms of establishing of,
Reporting within the business Tesco and clear lines of authority
Better understanding of roles and responsibility to the employee under this structure
Decisions at different management levels are responsible for actions
Motivation for employees with help of occupation paths and development potentiality
Development of expertize within the field and different opportunities for employees
With the use of narrow span of managerial control the close oversight of employee is done
In hierarchical structure there is a loyalty culture towards the team and departments
Disadvantages of hierarchical structure:
There is a complicated chain of command which in terms can slow down the decision-
making Uniformity in different managerial level can be identified which can delay the work
There is a delay in communication vertically and horizontally between different teams due to the
structural formation.
Document Page
There is less flexibility rate for the adaption for different environmental and market
pressure
Less connectivity to the top-level management
Lack of freedom can cause stress to the employ and manager relationship
Matrix Tescol structure, it is a combination of more than two types of Tesco structures. it is
mainly used in large and diversify Tescos which operates in different product lines.
Advantages of matrix structure
Higher motivation, matrix structure boost the moral of employee as there is freedom to
share thoughts and knowledge
Resource sharing, by adequately allocating managerial duty it ensures efficient human resource
Disadvantage of matrix structure
Higher confusion, there is confusion between the employees whose orders to follow and
who will provide the guidance and whom to report.
Increase in accountability and workload, the employees have to bear a high rate of accountability
when the managers are loaded down with responsibilities(Deepak and Jeyakumar 2019).
Business function and there responsibilities
There are different functions being performed in business which are as follows
Production, marketing and human resources management
Production, it is the action of creating or manufacturing any product or service within the Tesco
for the purpose of selling it.
Marketing- it is the action of advertising or promoting of the product been manufactured by the
help of market research,
Human resource management, this includes of managing people in Tesco for the better results
and increase in performance (Lewin and et.al., 2016)..
Marketing function and its relation to business.
Marketing department works with the production department to fulfil that
Production, to satisfy customer needs and wants a research and development is done.
The product can be modified as per the customers' requirement with specific design and quality
of product.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
The amount of orders produced by the marketing can be fulfilled within the required scheduling
time for delivery.
Marketing department can set deadlines that may increase the capabilities of production
department.
Financial department
There is limited amount of budget for the need of research, distribution and promotion.
Financial department has its own financial capabilities for different departments of the Tesco,
marketing department may wish to spend more on its profitable marketing opportunities.
Marketing focuses on sales volume and building shares. The finance department is more of
focused towards the cash flow, pay back investment and cost covering the cost as soon as
possible(Prasad 2020.).
Human resource management, marketing department work closely with HRM to ensure there are
proper skills and staffing in place,
Idea of new product with the help of research and development
meet the productions goals
HRM department work closely for the recruitment and grooming program, it will have to balance
between the cause to marketing with various other department (Lewin and et.al., 2016).
Management function and there responsibilities
The basic four function of management are planning, controlling, organizing and leading.
Planning, it includes of setting goals and taking the best possible way to achieve it. The process
includes of developing different strategy for achieving the targeted goal.
Controlling, helps to seek the planned results from all the different level of Tesco, it helps in
measuring the progress of the Tescol goals (Lewin and et.al., 2016)..
Organizing, in this process the given work is divided among different workers as team to well
organize the work and complete it in a short span of time.
Leading, it is the most basic function in an Tesco which includes of motivating an infusing the
employ to achieve the Tescol objectives.
How planning and organizing help business grow
Planning helps management by different objectives
Document Page
It starts with the determination of objectives, it makes objectives clear, it brings
rationality within Tesco. It reduces the risk of uncertainty because it involves outlook of future
events, planning ease coordination, it rotates around the Tesco for full filing the Tescol
objectives, it improves employs moral toward working and achieving the goals it encourages the
employs to perform best and receive reward in return, planning ease controlling by doing
effective planning it secures economy and leads to systematic allocation of different operations,
Planning uplifts innovation, managers have the chance to give suggestions for the better
improving performance(Söderlund, and Borg, 2018), planning includes of creative thinking that
at last leads to invention of different methods and operations for the purpose of growth and
prosperity of the Tesco.
It facilitates controlling, planning predetermined goals against which actual performance
is compared, planning includes of predicting which not only protect its future but it is Abel to
keep an idea about coming motives of its challenger which helps in facing the future challenges.
Organizing, it helps in the increase of managerial efficiency. Balance in Tesco helps the
managers to increase in efficiency (Subramanyam,and Hagstrum, 2018) There is a decent
utilization of resources. Sound communication is also possible it is essential for decision-making
at the right time. Coordination is an important factor in organizing in order to achieve successful
objective for the Tesco coordination of different activities is essential. There is increase in
specialization under Tesco where the hole work is divided into different parts. By managing a
particular type of work for a long time they become experts of a particular department. This
enables them to have peak work performance in the nominal required time. This enables them to
have maximum work performance while the Tesco gets the profit of
specialization(Subramanyam,and Hagstrum, 2018).
Role of HR in talent management
Talent management is part of HR which includes of recruiting quality employees for the
efficient running of the Tesco and by grooming the employs by developing there skills and a
continuous motivation among the recruited employs it is the initial function of talent
management to create a motivated work force to stay in the Tesco for a long time.
Document Page
Talent management has many responsibilities of HR. talent management strategy is required for
the better outcome result. Talent management helps to maximize value of employees(Santalova,
and et.al., 2017,).
Tesco culture and impact of positive culture on the Tesco
Tesco culture is environment where the business is being managed and has an impact on
its success and failure. Culture is created and managed within the Tesco.
Positive culture brings in values, vision, mission for the Tesco which plays a huge role for the
better working of the Tesco which in terms includes of improvement in the performance of
employees and team work, increase the moral in the atmosphere, increase in productivity and
efficiency of workforce.
There is also a satisfaction in doing the job as there is a positive work environment.
Collaboration are also to be performed under the positive culture also the performance of work
are enhanced under this. The most important factor of positive work culture is, it reduces the
stress in the working culture which brings positivity in the working environment and in result
there is improvement in the working of the Tesco (Subramanyam,and Hagstrum,
2018)Employees also wish to work in an Tesco where there is positive environment and freedom
of speech by sharing the experiences and knowledge in between in positive work environment
which in result improve efficiency, productivity and performance. In such environment employ
stay happy and positive and more satisfied towards the working culture which impact there
family and friends as well.
CONCLUSION
From the above study it had been summarized that business function and management
structure have advantage and disadvantage and The Business function and their responsibilities it
also includes the Marketing functions and its relation to the business and Tesco culture and
impact of positive culture on the Tesco.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
REFERENCES
Books and journals
Deepak, R.K.A. and Jeyakumar, S., 2019. Marketing management. Educreation Publishing.
Lewin, A.Y., and et.al., 2016. The critique of empirical social science: New policies at
management and Tesco review. Management and Tesco Review. 12(4). pp.649-658.
Prasad, L.M., 2020. Principles and practice of management. Sultan Chand & Sons.
Santalova, M., and et.al., 2017, December. Effective tools for management of Tesco.
In Perspectives on the use of New Information and Communication Technology (ICT) in
the Modern Economy (pp. 537-545). Springer, Cham.
Söderlund, J. and Borg, E., 2018. Liminality in management and Tesco studies: Process, position
and place. International Journal of Management Reviews, 20(4), pp.880-902.
Subramanyam, B. and Hagstrum, D.W., 2018. Resistance measurement and management.
In Integrated management of insects in stored products (pp. 331-397). CRC
1
chevron_up_icon
1 out of 8
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]