How businesses are organised - Tescos and a Technology College.

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How businesses are organised?

The financial areas are the specialist areas of activity within an organisation that include:

  • Finance: Finance department functions include keeping the records of financial activity, for example, sales made by the business. It provides managers with information that they can use in decision making, for example, the cost of creating products. The chief accountant supervises the work of the accounts department. The managers need to be constantly aware. Accounts can be divided into two sections: Financial accounting which is responsible for keeping records of financial events as they occur._ Management accounting which is responsible for supplying information that helps managers make decisions. This includes working out production costs. 
  • Marketing; Marketing function is responsible for identifying, anticipating and satisfying customer requirements. Marketing involves carrying out market research to find out which types of customer make up a particular market, what they want, where they want it, how they like it and what price. Marketers have an important say in deciding the products that the company produces, the prices charged, the promotions designed to encourage customers, the place where goods are sold. 
  • Production: Customer service is concerned with looking after customers at all stages of their relationship with a company. Customer service carries out frequent survey work to find out how customers rate the service they have received. Many large organisations have customer service call centres dedicated to dealing with customer service issues. The centre is overseen by a manager, and typically call centre employees will work in teams.
  • Customer service: Customer service is concerned with looking after customers at all stages of their relationship with a company. When you enter a supermarket, the first area that is found is usually the customer service department. Customer service carries out frequent survey work to find out how customers rate the service they have received. Many large organisations have customer service call centres dedicated to dealing with customer service issues. The centre is seen by a manger, and typically call centre employees will work in teams.
  • Sales: This function is responsible for getting customers to buy what the company produces. It liaises closely with the marketing department. While the role of marketing is to find out what customers want and then to provide the right mix of price, product, promotion and place, the role of sales is to get customers to buy what the business produces. The main responsibility of the sale department is to create orders for goods and services. Some organisations employ a large force on a regional basis.
  • Human resources: Human resource managers are responsible for all aspects of people management in an organisation. The type of work covered in the human resource function includes policy-making role which is creating major policies about people in the organisation, for example, a policy about retirement. It includes welfare role which is concerned with looking after people and their needs. Supportive role which is helping other functional managers to develop their work, such as helping them in the processes involved in recruiting new employees. It includes bargaining and negotiating role which is acting as an intermediary between different groups, for example, trade unions and managers. Administrative role which is paying wages and supervising health and safety requirements. It includes educational and development role which is helping to train and develop employees.
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How two businesses are organised?

TESCO:

Functional areas:

Finance department: Tesco has a finance department. The finance department record all the sales made by Tesco. In finance department the mangers are provided with information and then they decide the cost of creating a product in Tesco. In Tesco the chief accountant supervises the work of accounts department. The financial accounting keeps records of financial events in Tesco like the sales of the products in Tesco. The management accounting in Tesco supplies information to the manager which helps him or her to make decisions.  The manager then works out the production ...

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