Search results
Results from the WOW.Com Content Network
In general, the key functional areas of a business are the following: Management; Operations; Marketing/Sales; Finance; Research and Development; Each of these functional areas is represented in the following organization chart.
Functional areas of a business are specific departments within an organization, each with its own set of responsibilities. These areas include management, operations, finance, sales/marketing, research and development, HR, customer service, distribution, IT support, purchasing, and legal.
In this article, we explore functional areas of business, outline five functional business areas that contribute to business success, and examine various types of specializations in each business area, including strategy, marketing, finance, human resources, and operations.
Functional Areas Of Business. The activities needed to operate a business can be divided into several functional areas: management, operations, marketing, accounting, and finance. Let’s briefly explore each of these areas.
Business functions are the high-level groupings of a company's capabilities and processes that describe its work. Business functions ensure an organization runs properly and does well for its customers, employees, leaders and shareholders.
In general, the key functional areas of a business are the following: Management; Operations; Marketing/Sales; Finance; Research and Development; Each of these functional areas are represented in the following organization chart. Figure \(\PageIndex{2}\): Copy and Paste Caption here.
Each functional area makes specific and valuable contributions to the organization as a whole. In this section we will explore some of the most common functional areas in a business and how each contributes to the overall success of the business.
The key functional areas of a business are the following: Management. Operations. Marketing. Accounting. Finance. Management. The primary role of managers in business is to supervise other people’s performance. Most management activities fall into the following categories:
The activities needed to operate a business can be divided into a number of functional areas. Examples include management, operations, marketing, accounting, finance information technology, and human resources. Let’s briefly explore each of these areas.
A typical organization has four distinct basic functional areas; operations, marketing and sales, finance, and human resources. Operations is the area that is responsible for directly creating the product or service for which the customer will pay.