What's it: The operations department is the business area dealing with production. This department is a strategic area besides marketing, finance, and human resources. It is responsible for converting raw materials and components into finished
Business Function
Accounting and Finance Department: Roles, Responsibilities, Impacts
What's it: The accounting and finance department is the business function that involves managing the company's money. It is concerned with planning, managing, and controlling financial resources, including managing records and information related to
Organizational Structure by Function: Advantages and Disadvantages
What's it: Organizational structure by function or functional organizational structure is an organizational structure in which a company arranges an organization based on business functions. Each function requires specific knowledge and skills.
Core vs. Support Business Functions: Building A Harmony For Success
Core and supporting business functions form the operational backbone of every enterprise. These interconnected activities work in tandem to generate revenue, deliver value to customers, and propel business growth. Understanding the distinction
How are Business Functions Interrelated?
Business functions are interrelated to achieve company success. They cannot work alone. Synergy and close communication between them are needed to achieve company targets. Indeed, each function has its own goals and targets, but it must support the
Human Resource Department Explained: Hiring, Training, & More (Roles, Functions)
What's it: The human resource department or HR department is the division responsible for and dealing with managing individuals within the company. It handles human resource planning, recruitment, training, appraisals, dismissals and
Marketing Department: Strategy, Mix, and Customer Focus (Roles, Functions, Responsibilities)
What's it? The marketing department is a division of the company responsible for the marketing function. This department aims to sell as many products as possible in a sustainable manner. The team designs marketing strategies and combines the right