Overview
Businesses have numerous key departments which keep the structure running appropriately and supports the business to build and embellish in all worldwide markets. This report will consider what the key departments do for the business, in addition, this report will enlighten the research procedure used and significant complications which have been encountered throughout.
Key departments within businesses
Departments in businesses all partake in important roles, departments such as human resources, accounting and finance, production amongst others remain vital to the company so it can work progressively. However, there are key departments which are desired more than others.
Human resources is considered key within the business,
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Comparing finance and human resources is a balanced agreement, both departments’ consists with doing dissimilar key functions but equally need to operate functionally so the business can endure growth. Finance is structured to be the heart of the business, in addition, businesses are made for the purpose of profit so it is valuable for employees to analyse existing reports.” Finance touch the nervous system of business body. Because, Share market 's fluctuation, Govt. policies and strategy, Economic changes and other changes in business environment can only analysed with the help of Finance” (Prof. Vinod Kumar,2009)
Various people would think marketing would not be key within businesses, however, businesses require customers so that revenue can be generated and they can branch out to different countries. TV advertisements along with commercials and posters are used by companies so customers can see what they are offering. In addition, countless hours are put into finding target audiences and board meetings where concepts can be formed and distinguished. Marketing has shown to be a key factor in businesses but does not compare with the supremacy that human resources and finance embrace in the organisation.
Production is valued exceedingly within businesses, raw materials need to be created and assembled so that the company can then sell the product to the customer. Production will have its
One of the most important functional areas of a business is marketing. Marketing provides the organization with information,
IDENTIFY AND REVIEW THE RELEVANT RANGE OF OPERATIONS AND THE SPHERE OF BUSINESS ARRANGEMENTS OF THE ORGANISATION
Efficiently operating an organization or business requires upper-level department heads to collaborate cohesively in efforts of meeting organizational demands. Although departmental managers work independently, they contribute collectively. In this paper, I will discuss the collaboration of the finance director and the department administrator and how they collaborate to carry out organization goals. I will explain contributions the finance manager and the administrator make in efforts of reducing accounts receivable days. I will also describe bonuses paid based on profitability.
In this section of my coursework I am going to be discussing how functional areas such as the marketing department work with different departments in order to run efficiently. I will discuss how different departments support the marketing department’s activities in order to operate efficiently.
All of the roles of the functions helps the business to last forever like in the Post lecture it states that a "Human Resource department are responsible for attracting and retaining employees and making sure their needs are met. The Facilities or Maintenance department will look after the building and grounds ensuring that the organization has the proper place to work productively and safely. The Accounting and Finance department will look after the money required to support the operation. A Communications function manages the contacts and information exchanged both inside and outside the organization. An Information Technology department handles the requirements for technology and communications, as well as supporting productive activities." With all of these roles they are able to achieve the organization vision and meet the organization goals. Two other funtions that I would consider needed and valuable are the production department and sales department because according to the Functions of the Production Department of a Business Organization article the production department "is responsible for a lot a duties, they manufactures goods for the business and are then sold to bring revenue for the business." The production department would help Vogue Retreat to have nice and stylish clothing for the clothing part of store and beautiful nail colors for the nail salon part of my store. Sales department is another function that I would consider needed and valuable because in the What Departments are Needed to Run a Business? article it said that "sales department coordinates their sales force to build customer relationships, meet particular revenue goals and pitch new products." The sales department would be needed in Vogue Retreat because my business like a retail, so sales department would be needed for the
The key departments of a business are human resources, finance, operations, production, marketing and sales. These departments need careful research to build strong foundations for a business to grow and thrive on. There are many research sources that can help businesses get a better understanding of what these departments are, what they can do and how they can help the business to grow. The aim of this report is to give valuable information on how to access the resources needed to help with successful research and how to identify sources that are credible as opposed to those sources that are not. For example, there could be two similar looking websites but one is less credible than the other or a book that has not been revised or updated therefor out of date.
To begin with, effective management is achieved if corporations apply a departmentalized framework. In today’s world, departmentalization is the most common way to manage corporations effectively. “Departmentalization is an aspect of organizational design that includes the subdivision of a business into units based on their function or other criteria” (Sandilands). This type of corporate framework enables specialization, that is, assigns people to specific jobs for which they are trained. For example, if a car manufacturer decides to use a departmentalized framework, the corporation is able to create a variety of departments and assign different kinds of work to a variety of specializations; the marketing department will be in charge of selling, as well as market planning and evaluation, the after-sales department in charge of warranty issues, and the finance department in charge of
Unlike public relations by advertising make it control your message. A classic advertising includes determine need or a problem to your potential customers. 6. Critically analyze and evaluate Marketing functions and interrelate with other functional units of the organization 6.1 Analyze of four marketing functions of the organizations
Still, aside from these strategies, the management at Company A believes that it is essential for the firm to focus on its internal structure and organization. The firm as such places an increased emphasis on the construction of its internal departments, and the establishment of clear relationships between them. In this order of ideas, the company is formed from three distinctive locations, each of them in the same city.
This is a manufacturing company and there are multiple departments that support the organization strategies and objectives. Mainly, they are the Product, Equipment and Production
Our company will consist of four main departments – sales and marketing, administration, finance, and production and distribution.
Organizations are always looking for best practices to employ to boost their revenue. Departments may find themselves with the challenge of meeting set goals and objectives. This leaves organizations with the responsibility of filling up the ineffectiveness within departmental disciplines. It is the point whereby an organization, decides to evaluate and realign its activities to incorporate new improved measures, for the achievement of goals and objectives. That is the point when organizational change becomes inevitable, to get
Marketing will open opportunities to work in the career field of media, advertising, and market research. “Marketing is a form of communication between you and your customers with the goal of selling your product or service to them. Communicating the value of your product or service is a key aspect of marketing”. (Entrepreneur) “Marketing professionals who went to business school or and learned their trade in marketing departments and agencies will soon find themselves joined by colleagues with very different backgrounds, including engineers, data scientists and mathematicians — bringing with them a fresh perspective to solving business problems” (Bosanac) Marketing is a collective effort to gather information to develop a strategic plan to ensure adequate market penetration.
Marketing has been viewed traditionally as a business activity. The role of the marketing in the modern organization is to integrate the customer needs and wants to the other organizational function such as R&D and production. The concept of the marketing is to achieve corporate goals through meeting and exceeding customer needs and expectations better than the competition. Marketing tries to create customer value with the aim at long term satisfaction. Based on its understanding of customer, a company develops its marketing mix. Marketing creation of customer interest and retention of customers if this can be done at a profit. H&M spends a hefty 4 percent of revenue on
Marketing is one of the central functions of a firm; the others typically being Research and Development (R&D), Manufacturing or Operations, Finance, IT and Human Resources (HR). Whereas the other functions concentrate on internal matters, marketing's focus is solely on the customer. Marketing is the most critical of all activities for without a customer there is no revenue, leaving little for the other functions to do. As such, the fate of the organization rests in the abilities of its marketing managers.