Functional areas in Tesco and Oxfam
Functional areas in Tesco and Oxfam
1. Introduction
In this report I am going to compare functional areas of two contrasting organisations Tesco and Oxfam.
Tesco is aiming at achieving profit, investing and offerring services and products to customers.Oxfam is a non-profit organisation, helping people in crisis.
Tesco is a British multinational grocery and general merchandise retailer, it has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in UK, where it has a market share of around 30%.
Oxfam is an international confederation of 17 organisations working in 90 countries worldwide to find solutions to poverty and related injustice around the world. It helps to provide training, education and financial aid to people in developing countries and disaster areas.
2. Functional areas in organisations
Functional area is a person, area or department which carries out a particular business function, for example, Administration, Customer Service, Distribution, Finance, Human Resources, ICT, Marketing, Sales, Production or Research and development. The main purpose of having functional areas in business is ensuring that all important activities are carried out efficiently and accurately. This is important if the business wants to achieve its aims and objectives; specific areas will be responsible for supporting specific types of aims and objectives, for example, sales and marketing will be involved in developing new markets or increasing sales, finance would be monitoring and keeping costs low to improve profitability.
2.1.Functional areas of Tesco
The main activities of Finance department are:
• recording all the business transactions (expences and incomings)
• measuring the financial performance of Tesco (how well or badly Tesco is doing financially)
• controlling the finances and cash flow so the company stays reliable (ensuring that there is enough money to pay off debts, bills, employees, as well as invest in new
1. Introduction
In this report I am going to compare functional areas of two contrasting organisations Tesco and Oxfam.
Tesco is aiming at achieving profit, investing and offerring services and products to customers.Oxfam is a non-profit organisation, helping people in crisis.
Tesco is a British multinational grocery and general merchandise retailer, it has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in UK, where it has a market share of around 30%.
Oxfam is an international confederation of 17 organisations working in 90 countries worldwide to find solutions to poverty and related injustice around the world. It helps to provide training, education and financial aid to people in developing countries and disaster areas.
2. Functional areas in organisations
Functional area is a person, area or department which carries out a particular business function, for example, Administration, Customer Service, Distribution, Finance, Human Resources, ICT, Marketing, Sales, Production or Research and development. The main purpose of having functional areas in business is ensuring that all important activities are carried out efficiently and accurately. This is important if the business wants to achieve its aims and objectives; specific areas will be responsible for supporting specific types of aims and objectives, for example, sales and marketing will be involved in developing new markets or increasing sales, finance would be monitoring and keeping costs low to improve profitability.
2.1.Functional areas of Tesco
The main activities of Finance department are:
• recording all the business transactions (expences and incomings)
• measuring the financial performance of Tesco (how well or badly Tesco is doing financially)
• controlling the finances and cash flow so the company stays reliable (ensuring that there is enough money to pay off debts, bills, employees, as well as invest in new