A few business functions explained: fun facts and numbers

All companies have some sort of organisational structure – discover more about the several departments inside a company and functions they perform.

Every company is set up as a way to make a revenue. To make a revenue, firms obviously always offer some sort of good or service for sale, and just about the most important factors in selling this service or good is needless to say first designing a product that will sell and after that ordering the information about this product across to the target population. Marketing is the science that does exactly that, which is the reason why a good number of businesses have a huge department committed to marketing. In this way, a marketing department, like the Britvic marketing department, performs a number of core business functions without which the firm would not exist. The marketing team collects info on potential subscribers to understand how you can design a product that this target population needs and will buy. They also use this information to design marketing campaigns that will be the most reliable at getting to this target population. It is very easy to view why the marketing department may very well be one of the most important departments in a company hierarchy.

In any firm, numerous decisions are made on a regular basis. Starting from the bottom, individual employees make decisions about their individual duties, their managers make decisions about the goals their employees need to accomplish as a group and upper managers make decisions that carry even more weight. Some decisions even so are far more crucial and will have an effect on how the company is operated in the lasting. These types of decisions are made by the board of directors. Unlike other members of staff, the board of directors is normally elected. A large number of companies of big enough magnitude have a board of directors, such as the Telecom Italia board for instance. The board of directors will be found at the top of an organizational structure of a company. A few of their tasks include setting up long range aims for the business, making decisions about the idea and structure and also making decisions about what responsibilities will be delegated to management. The board of directors is typically presided over by a director known as the chairman of the board. In accordance with the company structure, this director may or may not have acting powers.

A company can only functions thanks to the employees that perform a great number of tasks, so, in numerous ways, the employees are the most crucial resource in a company. That is why in every business there is always a person dedicated to dealing with this resource. The title of this individual is a human resource manager. Some companies even have total human resource departments, like the Card Factory human resource department.

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