GRADUATE CHALLENGE

Graduate Challenge

Module Code: MG408

m
er as
Name

co
eH w
o.
rs e Institutional Affiliation
ou urc
o

Date
aC s
vi y re

Word Count: 520

ed d
ar stu
is
Th
sh

1|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
 GRADUATE CHALLENGE

EXECUTIVE SUMMARY

Every business activity aims at providing goods and services to an economy. In ensuring that the

businesses thrive in the most admirable and efficient manner, every business is entitled to

undertake a process or a routine that will enable it to carry outs its goals and missions. This paper

is dedicated to outlining several business functions and their importance and how linking these

functions will be advantageous to an organization.

m
er as
co
eH w
o.
rs e
ou urc
o
aC s
vi y re
ed d
ar stu
is
Th
sh

2|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
 GRADUATE CHALLENGE

Table of Contents

1.0 Introduction................................................................................................................................4

2.0 Business functions and their importance...................................................................................4

2.1 Human resource function.......................................................................................................4

2.2 Sales and Marketing function................................................................................................4

2.3 Accounting and Finance.........................................................................................................5

m
2.4 Production and operations......................................................................................................5

er as
co
2.5 Research and development.....................................................................................................5

eH w
3.0 The importance of linking business functions...........................................................................5

o.
rs e
3.0 Conclusion.................................................................................................................................6
ou urc
o
aC s
vi y re
ed d
ar stu
is
Th
sh

3|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
 GRADUATE CHALLENGE

1.0 Introduction

Business functions refer to processes and operations carried out routinely aiming at

reaching a set objective or mission. Business functions are responsible for performing various

activities that lead to the well being of the business and enhances mission attainment (Van

Noordwyk and Van Tonder, 2012). This paper is dedicated to outlining the importance of

different business functions and how advantageous they are when linked and also demonstrating

academic skills of evidence-based writing and Harvard referencing basing the argument on Tesco

PLC.

m
er as
2.0 Business functions and their importance

co
eH w
According to Brown (2008, p59), business functions serve the role of ensuring the proper

o.
rs e
functioning of an organization through outlining processes and operations that must be carried
ou urc
out to achieve the objectives of the business, a term referred to as business processes. These
o

functions are illustrated below

aC s
vi y re

2.1 Human resource function

Human resource is responsible for ensuring that the value of Tesco company remains high
ed d
ar stu

through human skills. This is applied through ensuring proper recruitment procedures and

ensuring that the company adheres to the employment laws and any other laws that outline
is

employment procedures and worker's protection.

Th

2.2 Sales and Marketing function

sh

Sales and marketing in Tesco PLC create an environment where the products of the organization

reach the needs of the consumers. This function, therefore, outlays a way through which

producers and consumers are brought together and transfer of ownership takes place.

4|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
 GRADUATE CHALLENGE

2.3 Accounting and Finance

The accounting and finance function is responsible for ensuring that all the accounting tools

necessary to formulate a procedure are well laid down in cases such as calculation of tax liability

and that proper investment decisions, financial decisions, and dividend decisions are laid out in

Tesco PLC (Thompson, 2009).

2.4 Production and operations

This function is responsible for ensuring that production is specified in quantities, the product

production meets the deadline and the schedule and finally, the product meets the requirement.

m
er as
Additionally, the production must be efficient and thus reduce the costs of operations. This is

co
eH w
achieved through functions such as production planning and engineering (Schwentke and

o.
Schmidt, 2008) rs e
ou urc
2.5 Research and development
o

Research and development function ensures that proper innovations that enhance the products
aC s
vi y re

are instilled to ensure that the products are not out marketed. This also ensures that there is

product diversification.
ed d
ar stu

3.0 The importance of linking business functions

One of the importance of linking business functions is that it reduces costs and on the other hand
is

improving efficiency. For example, it would be costly maintaining five functions instead of one (Zinkhan
Th

and Shields, 1992, p. 125). O’Neill (2018, p.3) argues that through linking buTesco PLC business

functions, it ensures that setbacks are easily solved which enhances overall efficiency.
sh

5|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
 GRADUATE CHALLENGE

3.0 Conclusion

Business functions are the major enhancers in an organization and no business can operate

without them. This paper was dedicated to outlining various business functions and their

importance and how advantageous they have been to Tesco Plc.

m
er as
co
eH w
o.
rs e
ou urc
o
aC s
vi y re
ed d
ar stu
is
Th
sh

6|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
 GRADUATE CHALLENGE

Bibliography

Brown, S. P. (2008) ‘Business Processes and Business Functions: a new way of looking at

employment’, Monthly Labor Review, 131(12), pp. 51–70. Available at:

http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=36318137&site=ehost-

live (Accessed: 5 November 2019).

O’Neill, R. (2018) ‘MODERN MARKETING AND THE SEVEN PS: Interdependence of key

business functions’, BusiDate, 26(4), p. 3. Available at:

http://search.ebscohost.com/login.aspx?

m
er as
direct=true&db=bth&AN=131995192&site=ehost-live (Accessed: 5 November 2019).

co
eH w
Schwientek, R. and Schmidt, A. (2008) Operations Excellence : Smart Solutions for Business

o.
rs e
Success. Houndmills, Basingstoke, Hampshire, UK: Palgrave Macmillan (Think: Act).
ou urc
Available at: http://search.ebscohost.com/login.aspx?
o

direct=true&db=nlebk&AN=302013&site=ehost-live (Accessed: 5 November 2019).

aC s
vi y re

Thompson, T., Robert Half International, and Financial Executives Research Foundation

(2009) Benchmarking the Finance Function. Florham Park, NJ: Financial Executives
ed d
ar stu

Research Foundation, Inc. Available at: http://search.ebscohost.com/login.aspx?

direct=true&db=nlebk&AN=308913&site=ehost-live (Accessed: 5 November 2019).

is

Van Noordwyk, A. and Van Tonder, E. (2012). Business functions. 1st ed. South Africa: Juta
Th

Academic.
sh

Zinkhan, G. M. and Shields, D. (1992) ‘Building a Chain of Customers: Linking Business

Functions to Create the World Class Company’, Journal of Marketing, 56(3), pp. 124–

7|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
 GRADUATE CHALLENGE

127. Available at: http://search.ebscohost.com/login.aspx?

direct=true&db=bth&AN=9211164424&site=ehost-live (Accessed: 5 November 2019).

m
er as
co
eH w
o.
rs e
ou urc
o
aC s
vi y re
ed d
ar stu
is
Th
sh

8|Page
This study source was downloaded by 100000820550640 from CourseHero.com on 06-02-2021 03:24:27 GMT -05:00

https://www.coursehero.com/file/51876428/graduate-challengedocx/
Powered by TCPDF (www.tcpdf.org)