Evaluating Organizational Functions and Their Importance

Introduction

Organisational function is a core process of set of activities which is carried put within the department of the company and the management team and leaders try to run the operational activities through managing different functions of the firm (Saadat, V., and Saadat, Z., 2016). The study aims at evaluating the organisational functions and its importance in the organisation The Co-operative Group, trading as the Co-op, which are famous retail group and wholesale company in the UK with retail quality products, insurance and legal services with more than 3600 locations and with 4.6 million active members (The co-operative Group, 2020). If you require assistance with a business dissertation help, considering the Co-operative Group's operational framework and strategies can provide the most valuable insights.

Business functions and their importance

There are different organisational functions which are production and manufacture, distribution and operation management, finance, marketing, and human resource management. All the functions of the organisation are important for the organisation to achieve future success and fulfil the organisational objective in long run (Rees and Smith, 2017).

The production function is mandatory in Co-op retail group to collect the quality raw materials and hire the efficient labour force at the production sites to produce the final retail output (Saadat, V., and Saadat, Z., 2016). Marketing is another crucial function which is mandatory to promote the business of Co-op retail group and enhance branding in the retail industry, where the customers can identify the organisational products in the market. The distribution and operation management is also another important business function which provides a scope to distribute the products and services efficiently by strengthening their supply chain and distribution network. Through operation management, Co-op retail group can improve green supply chain and perform better in the international market (Rothaermel, 2016). Finance department is mandatory at Co-op retail group to operate efficiently, where the organisational profitability, sales volume, investment in resources and research and development are controlled by the finance department. Human resource management is also necessary function in Co-op retail group to recruit and select the right employee for the organisational responsibility and improve the strategy to retain the staff for long run in order to enhance the organisational performance (Reefke and Sundaram, 2017).

Interlink between the functions at Coop retail group

There is interlinking between all the business functions, where all the management team of different departments of Co-op retail group try to collaborate to achieve the ultimate organisational success by delivering high quality retail products to the customers. In this regard, the production and distribution functions are interlinked to serve the customers in a better way. Co-op retail group also aims to utilise quality raw material to manufacture the final retail output and they also try to strengthen distribution network to deliver quality products at effective place within appropriate time (Rothaermel, 2016). Additionally, the finance department is linked with sales department and investment functions, where the financial management team is responsible to manage sales and profitability of the company and invest more for research and development of new retail products to promote the brand through marketing and strengthen the customers base in near future (Saadat, V., and Saadat, Z., 2016). In addition to this, the sales function is interlinked with the marketing functions, where the marketing management team at Co-op retail group aim to promote the organisational products and services in the market to boost the sales volume.

Conclusion

All the above mentioned functions of Co-op retail group are interlinked with each other to boost the organisational performance and fulfil the objective of the firm. The sales department, finance manager, marketing management team as well as production and operational managers try to cooperate and perform as a partnership working practice to run the operational activities and maximise the organisational success.

Reference List

Reefke, H. and Sundaram, D., 2017. Key themes and research opportunities in sustainable supply chain management–identification and evaluation. Omega, 66, pp.195-211.

Rees, G. and Smith, P. eds., 2017. Strategic human resource management: An international perspective. London: Sage.

Rothaermel, F.T., 2016. Strategic management: concepts (Vol. 2). London: McGraw-Hill Education.

Saadat, V. and Saadat, Z., 2016. Organizational learning as a key role of organizational success. Procedia-Social and Behavioral Sciences, 230, pp.219-225.

Continue your exploration of Euro Based Financial Reporting with our related content.