Examining the Functionality of Business: A Detailed Overview

This essay explores the core business functions of marketing, finance, operations, and human resources within an organization, using Marks & Spencer as an example. It details the role of each function, emphasizing their importance in achieving organizational goals and maintaining a competitive edge. The essay highlights how marketing focuses on customer engagement and market research, finance manages financial records and investments, operations oversees production and supply chain, and human resources ensures effective workforce management and training. Furthermore, it emphasizes the interconnectedness of these functions, asserting that their collaborative performance is crucial for smooth business operations and overall success. The conclusion underscores Marks & Spencer's strategic approach to improving and enhancing each function to drive growth and establish market value. Desklib provides access to this document and other study resources to support student learning.

Marketing, Finance,
Operation, Human
Resource

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
CONCLUSION ...............................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Organization practicality are referred to the proper arrangement of sources in appropriate
manner to navigate our daily activities. The functions include the basic or supportive activities
criteria such as marketing, financing, operating/ production and human resource (Ross, Beath
and Mocker, 2019). Marks & Spencer also using these utilities for providing high attributed
product & services to the existing as well as new customers to increase their value and growth in
the marketplace.
TASK
FUNCTIONALITY OF BUSINESSES :
The role of marketing in any concern includes the promotional, awareness about their
customers and finding out the best target market in mercantilism area. Marks & Spencer also
fulfil their objectivity by maximise their sales of goods & services by providing satisfaction to
the customers. The company's main act to play is to collect the valuable feedback from all the
consumers by market research through different surveys.
The importance of marketing is connect with firm's aim is to provide realibility and
quality products to the consumers so that they can create monopoly and Goodwill in the external
field. Market-research and targeting the fresh ones to establish the crisp-user society. By doing
these activities, they are finding the stability in the marketplace by calculate the earning-revenue
geneation lead (Giles and et. al., 2021).
The role of finance activity includes the arrangement of financial records, distributing
them, and collecting effective summaries by financing statements. Marks & Spencer also using
this action for effective running in the market by keep tracing of all the incomes, expenses, gains
and losses at one place. If the company's reserves some funds for future investments So it will
also helpful for expansion of their business.
The impotance of finance is to take actionable claims taken to establish the secure stablity
in the inside as well as outside the market. Marks & Spencers shows transparency in working
assessment to influence inside members to be part of the firm and it's profitability. And to
maintain the outsiders belief & trust in them by furnishing extreme productivity.

The role of operations is the key actions of any organization which is based on the
productivity level by using raw materials and ends with final results of the product. Basically, it
depends upon the firm's demand & supply performa. Marks & Spencer also doing this by
recreating and new inventions in their production for the traditional as well as the fresh young
generation for maintenance of their brand image in day-to-day life (Syam and Sharma, 2018).
The importance of operations is to aim the productive functions to recreate, design and
establish different market as marks & spencer did. The M&S provides customers their newly
launched innovative designer clothings for satisfying their purchasing needs and influence more
people for grow their market share. Marks & Spencers enhance their technology, workforce and
management at workplace for improvement in the previous tasks.
The role of human resource generally involves proper and accurate management of
people with high empowerment in the workforce. Marks & Spencer also filtering the internal
resource needs, wants and skills for providing work to the right person which will they performs
effectively and appropriate manner. The company also updated with the high range of technical
levels to train the employees for being innvoative and highly productive (Dzuranin, Jones, and
Olvera, 2018).
The importance of human resource ensures the insiders by giving them proper training
and suitable place of working to establish the effective results in consideration to the firm's
management. This gives more power and growth in the production level because the workforce
is being satisfied by the organization.
Linkage between all the functions:
Any organization with various activities / departments like HR, finance, production and
most importantly marketing areas are inter-linked with each other. To performing these actions
together is the necessity of the business for representing smooth runway (Saltman, 2018). To
grow in the marketplace, Marks & spencer do such promotional workings to attract people by
producing the quality product and services. These tasks only done when the workforce of the
firm's are highly dedicated, skilled towards work and opportunistic to give their best
performance. This become possible only when they have received extreme well-managed

training & learning from expertees through high-tech facility. These facilities have generated
extra expenses, so fund reserves should be maintained earlier for no-stopage in between.
CONCLUSION
It can be concluded that Marks & Spencer have taken appropriate actions to navigate and
designate their business functions by improving and enhancing every step of their functionality.
To establishment in the market place and facilitate the share & growth, they have been created
their value in each department. This leads the organization at success stage.

REFERENCES
Books and Journals
Dzuranin, A.C., Jones, J.R. and Olvera, R.M., 2018. Infusing data analytics into the accounting
curriculum: A framework and insights from faculty. Journal of Accounting
Education. 43. pp.24-39.
Giles, A.L. and et. al., 2021. Thirty years of clear-cutting maintain diversity and functional
composition of woody-encroached Neotropical savannas. Forest Ecology and
Management. 494. p.119356.
Ross, J.W., Beath, C.M. and Mocker, M., 2019. Designed for digital: How to architect your
business for sustained success. Mit Press.
Syam, N. and Sharma, A., 2018. Waiting for a sales renaissance in the fourth industrial
revolution: Machine learning and artificial intelligence in sales research and practice.
Industrial marketing management. 69. pp.135-146.
Saltman, K.J., 2018. The swindle of innovative educational finance. U of Minnesota Press.