The idea of a single building where you live, work and play may seem very much of the moment, driven by advances in communications technology. Adopt the Right Leadership Style. Finance function will work together with sales and marketing department This is because budgets will have to be decided on. Learn the benefits of an integrated business software system with this informative article.
Another perceived benefit of functional conflict is increased competition among work group members. Functional areas in business In a business, it is usually easier to identify separate functional areas or tasks because people work together in departments. Functional areas are teams of employees who have similar skills and expertise. Functional Organization : All of the companies define its organizational structure to determine the reporting relationships that will exist in the company.
Finance and Accounting. In a large company it is easier to identify the separate functional areas, because groups of employees would work together in departments. They always work together and interact with each other. Functional departmentalization - Grouping activities by functions performed. When all the functional departments of any organization either it is marketing, finance, human resource, operations, legal, supply chain or information technology, work together in same direction to cover the business level objectives, and hence by doing so achieve the corporate level goals, then only the basic purpose behind functional level strategies can be fulfilled.
Overall authority for your cross-functional team will probably lie with senior managers, sponsors, or a steering group. In business, you will learn new things everyday and you should be able to incorporate to your operations. Perform cost benefit analyses and take the appropriate action. Production of Workload. These areas are often referred to as functional areas and typically include: Human Resources. Most companies prefer to tackle one area at first.
The term 'Organisation' is derived from the word 'organism' which means a structure of body divided into parts that are held together by a fabric of relationship as one organic whole.
In an enterprise, many managers and employees work together for achieving common objectives. Functional structure arguably achieves greater operational efficiencies, as employees with shared skills and knowledge work together and perform similar functions. All these employee development areas fall under the realm of work management.
Go ahead and print this interactive quiz and worksheet to use alongside the lesson on the functional areas of a business. The main functional areas of a business are marketing, human resource, finance, information systems and production. Every organization has common functions to deal or run the business with proper and standard manner. You also assess yourself on a regular basis so that you can improve on areas that are wanting as well as adjust accordingly to match the changing times in the business world.
Functional Vs. Matrix Organization Structure. In this early stage, and throughout the initiative, you thus link leading-edge knowledge of the changing technology with deep, day-to-day awareness of the desired results.
Cross-functional teams will always be the most capable of utilizing resources. When departments have employees organized by their skills and corresponding function in the company, business owners have more time to focus on their big-picture goals while departmental heads manage their team's goals. Once you've agreed how your people will work together, add this to your Team Charter. A description of how your target market is not effectively served and how your business fulfills a need.
Deloitte just launched a study of people challenges in business, Deloitte Human Capital Trends , and the results were striking. From there, you can determine which processes need improvement. This is mainly covered in chapter 1. The advantages of this type of structure are: specialisation - departments focus on one area of work. Each of these functional areas are like a piece of the pie, in where when they are assembled, represent the business as a whole cohesive unit.
Getting together as a team to share ideas and ask questions as you move toward a decision is a great opportunity for collaboration. Get Your Custom Essay on. The degree to which a functional manager is involved in the project depends on the form of organizational structure. Communication Boots in Queensgate will communicate with Boots in Hampton via the telephone because if they have run out of items, for example cosmetics, they will want to communicate with the other Boots branches to ask if they have got the items they need and if they will let them have it.
Cross-functional agile teams are common. It is the organisation structure which binds them together and brings proper adjustment and coordination in their work. Global legislative and regulatory landscape 2. The functional areas of HR can be considered ingredients that make the glue work. In many organizations, human resources and finance are two distinct business areas.
B2- Explain using examples, how at least 3 functional areas work together to support the Business Activity. For example, there may be a marketing department that focuses solely on marketing activities, a sales department that only engages in sales activities, and an engineering department that only designs products and manufacturing facilities.
As well this document will identify the key people involved, resources required, costs and expected duration as well as benefits to the business. You will know how to talk with others so that they listen to you. Sales and Marketing. The key functional areas of a business are the following: 1.
The administration function Administration is a support function required by all businesses and this does not mean just doing keyboarding or filing.
Don't use plagiarized sources. If a cross-functional team mixes specialists from different fields, agile teams take this a step further. As well as for searching new ways of producing their products by being updated with regards to the latest technological and economical trends. The administrative and management is the backbone of the business. This department links with other departments to ensure the smooth flow of information and operations.
The Operations department is held responsible for overseeing, designing and controlling the process of production and redesigning business operations if necessary. In a manufacturing company, operations department designs process to produce the product efficiently. They also have to acquire materials and maintenance of equipment, supplies and more. This area helps ensure that the processes involved in the business are cost-effective and efficient.
Trivia: Did you know that more successful businesses are allowing pets in the office? Here is why. Computers and information systems are very essential in business nowadays.
The IT department acts as the backbone of a smooth operation involving the latest technology relevant to the business. Purchasing is a basic function of an enterprise especially in manufacturing companies.
The purchasing department is responsible for the procurement of raw materials, machineries, equipment and supplies. This department ensures that the materials needed are in the right quantity, at the right price, made available in the right time, from the right supplier. This department is also concerned with any devices for communications technology for sales or marketing and transportation needs.
They should be creative when choosing technology and equipment. The legal department is tasked to oversee and identify legal issues in all departments. The department may also offer training and assistance with employee manuals to ensure that the company and its employees are kept up-to-date on workplace law and handles filing of legal documents on government agencies.
They also handle customer complaints in a professional style and represent the company if sued. As business owner you are responsible for the safety of your personnel at the workplace. However, there are things that go beyond our control. Many businesses end up failing because they usually jump right into creating and selling their product or service without pre-planning. Having a business plan will improve your chance of making your business successful. Business owners should focus on understanding the different areas of a business and how these areas can help.
Deciding where to obtain these funds is a specialist job and, normally, the task of the senior financial manager.
The human resources of a business are its employees. Wise organizations look after their staff on the basis that if they are well trained and committed to the aims of the business, the organization is more likely to be successful. HR is responsible for recruiting new employees and ensuring that each vacancy is filled by the best person for the job. This is important because the recruitment process is expensive and time-consuming.
Normally, new employees attend an induction programmed which, tells them about the business, their rights, and responsibilities as employees, the company rules, and the requirements of their new job. Arranging appropriate training and assisting with the continuous professional development of stall: is another aspect of HR. Training may be carried out in-house, or staff may attend external courses. HR aims to ensure that the business retains good, experienced staff.
Analyzing staff-turnover figures will show the rate at which people leave the organization. While people may leave for justifiable reasons, such as moving to another area or for promotion elsewhere, dissatisfaction with the job or the company should be investigated.
Some organizations hold exit interviews to find out staff views on the business when they leave. Employees normally have the basic expectations of their employers. They expect to be treated and paid fairly, to have appropriate working conditions, to have training opportunities , which will improve their promotion prospects, and support if they are ill or have serious personal problems.
They also want a varied and interesting job and praise when they have worked particularly hard or well. These factors help motivation, which means the staff is keen to work hard, and this benefits everyone.
HR can help this process by monitoring working conditions, having staff welfare policies, and ensuring that company pay rates are fair and competitive.
Many organizations have staff associations, which monitor the views and conditions of staff and make these known. In other businesses, trade unions may represent the workers, especially on pay and conditions.
Senior HR staff liaises with these organizations , keeps them informed of changes and developments, and is also involved in any negotiations with senior management.
Today all employees and employers have legal rights and responsibilities about health and safety, data protection which restricts the type of information which can be held on employees and customers and how it is used and employment. HR staff must ensure that the business complies with current laws and stays up to date with legal changes and developments.
Today, even the smallest businesses need someone who understands ICT and what to do if something goes wrong. This is vital because the number of crucial business tasks now carried out on a computer, and the importance of the data stored in the system means that any system failure can be catastrophic.
Most organizations have a computer network where staff computers are linked through servers. Maintaining the servers, installing new communal software and additional hardware, such as printers and scanners, is all part of the ICT function. ICT staff may also be involved in the purchase or issue of computer supplies, such as cabling and network cards and consumables such as printer cartridges — to ensure that they are compatible with the system.
ICT specialists will be expected to update senior managers on technological developments that would benefit the company. Also, current equipment will need replacing and software upgrading at regular intervals.
Making sure that only authorized users have access to the system, protecting the system against viruses and hackers, and ensuring there is a full back-up system to restore critical data in an emergency is vitally important. Finally, ICT specialists will help and assist other users from repairing problems and glitches to advising on the use of new software or updating the company Intranet.
The business website is likely to be technically maintained by the ICT staff, but the content will normally be devised by marketing staff — as you will see below. Marketing is all about identifying and meeting customer needs. Many businesses consider this so important that they are said to be marketing-led.
In this case, everyone in the organization is trained to put the customer first from the production worker, who has to produce high-quality goods, to the accounts clerk, who must respond to a customer inquiry promptly and accurately. Another way to understand marketing is through the marketing mix, which consists of four Ps.
All these questions are considered by the marketing staff. They start by identifying future customer needs. Products are then developed or adapted or services offered to meet these needs.
If this is done well, it gives the company an edge over its competitors. This happened when Apple introduced the iPod. Marketing is therefore responsible for the promotional activities which tell the customer what is available, such as by advertising, sales promotions, and publicity campaigns.
The company website is a major way of communicating with prospective and actual customers, and the style and content are usually the responsibility of marketing staff that ensures it is kept up to date. Monitoring the popularity of the website and obtaining information on the customers who use it may be undertaken by the company or outsourced to a specialist agency.
It is pointless having superb products or services if no one buys them. For that reason, most businesses have sales targets as part of their aims and objectives.
Meeting these is the responsibility of the sales staff or sales team. Shops that sell basic products, such as chocolates or magazines, do not need to do much selling. Most customers call in to buy something, choose the. Customers expect more help and advice if they want to buy a complex or expensive item, such as a television or car. They may want to buy highly complex and expensive industrial equipment and need to negotiate special finance arrangements, particularly if they are overseas buyers.
Sales representatives often travel to meet potential customers, as well as routinely visiting existing customers to ensure their needs are being met. However, there are many benefits as an effective salesperson can convert many inquiries into firm sales and build strong links with customers to encourage repeat business. All sales staff should know several laws protect customers and understand which type of sales activities are legal and which are not. Production refers to the manufacture or assembly of goods.
Production staff must ensure that goods are produced on time and are of the right quality. Quality requirements can vary considerably.
Whilst an error of 0. Checking quality does not mean just examining goods after they have been produced. Many buyers set down a detailed specification for the goods they order, such as Marks and Spencer, which sets down precise standards for all its producers.
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