Analyzing Key Business Functions and Interrelations within Tesco PLC

This report provides an analysis of the various business functions within Tesco PLC, a British multinational groceries and general merchandise retailer. It examines the roles of key departments such as marketing, operations, finance, and human resources, highlighting their individual objectives and contributions to the overall success of the organization. Furthermore, the report emphasizes the interrelation and interdependence of these functions, illustrating how they work together to achieve common goals, such as increasing sales, managing resources, and meeting customer demands. The report concludes that effective coordination and communication between departments are crucial for Tesco PLC to maintain its competitive edge and adapt to evolving market trends. Desklib offers a wealth of similar solved assignments and study resources for students.

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Table of Contents
INTRODUCTION...........................................................................................................................1
Main Body ..................................................................................................................................1
Business functions ......................................................................................................................1
Interrelation of all the functions..................................................................................................2
CONCLUSION ...............................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
Business function refers to the various activities which is performed by the business
organisation. These activities are divided into several functions ow departments so that the
organisation is able to achieve its objectives and goals. It is very important for the organisations
to manage their functions because they are interrelated and interdependent on each other. Tesco
Plc is a British multinational groceries and general merchandise retailer which is headquartered
in Welwyn Garden city, England(Malini and Srinivas, 2020). This report will include the
functions of the business organisations and how they are interrelated to each other.
Main Body
Business functions
Every business functions perform various activities in order to achieve the objectives of
the business organisation. There are departments which have different set of goals which is
discussed below.
Role of marketing department concern about promoting of the goods and services and ensuring
the availability of the customers for the business organisations. Tesco meeds to ensure that the
marketing department is following the market trend and the customer preferences in order to
increase the sales volume of the company(Kumar, 2018).
Role of operations is a key function of the business organisations. It is concerned about the
production and manufacturing of the goods. Tesco should ensure that this function is working
smoothly and manage its supply chains in order to meet the customers needs.
Role of finance department id to manage all the finances resources and allocating them to
different departments of the business organisation. Tesco needs to ensure that its finance
department is keeping the record of the monetary transactions and is able to manage the budget
so that if in future the company wants to expand its business. It will help the company to manage
its budgets in the development and expansion.
Role of human resource department is to identify the right skilled candidates for the job role of
the business organisation. Also it need to ensure about the training and development of the
employees. Tesco needs to ensure that the HR department is able to find the right people and is
able to achieve its goals and objectives(MU, 2019).
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Interrelation of all the functions
As it is discussed that the role of every department is important for the business
organisation to achieve its goals and objectives. All the departments are interrelated and work
together in order to meets the goals of the business organisation. As the finance department helps
the marketing department to know that how much can be spend on the advertisement and
according to that marketing department plans its marketing strategies. The HR departments helps
the company to recruit the talented and skilled workforce and the operations departments
maintain the logistics and supply chain of the company in order to meet the customers
demand(Tohatan, 2019).
CONCLUSION
From the above discussion it can be concluded that there are various types of business
functions and they are interrelated and interdependent on each other in order to achieve the goal
of the business organisation. Tesco needs to ensure that every department functions smoothly
and they are connected to each other so that they are able to increase the sales and generate
revenue. It is very important for the functions to coordinate with each other so that they are able
to meet the demand of customers and adopt the new technologies and development required in
the organisation.
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REFERENCES
Books and Journals
Kumar, V., 2018. Transformative marketing: The next 20 years.
Malini, T.N. and Srinivas, D.B., 2020, October. Technological Transcends: Impact of Industrial
4.0 on Human Resource Functions. In 2020 Fourth International Conference on I-
SMAC (IoT in Social, Mobile, Analytics and Cloud)(I-SMAC) (pp. 816-820). IEEE.
MU, Z.P., 2019. On Algorithm of Functions Dynamic Orchestration in Virtualized
Network. Journal of Southwest China Normal University (Natural Science Edition).
44(6). pp.92-102.
Tohatan, A., 2019. Approaches about the entrepreneur's ability as a factor with multiple roles,
functions.
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