Friday, December 27, 2019

The Key Departments Of A Business - 1332 Words

The key departments of a business. Introduction 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looking websites but one is less credible than the other or a book that has not been revised or updated therefor out of date. Method When researching the different departments of business it is a good idea to separate each department into individual functions and research them individually. A Mind Map is a great way of making notes and keeping the mind focused on the chosen department. The Ultimate book of Mind Maps, Tony Buzan (2012:p6) states: â€Å"A Mind Map is the ultimate organizational thinking tool – the Swiss army Knife of the brain! A Mind Map is the easiest way to put information into your brain and to take information out of your brain – it’s a creative and effective means ofShow MoreRelatedThe Key Departments Of The Business1529 Words   |  7 PagesBusinesses 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 resourcesRead MoreThe Key Departments Of The Business1529 Words   |  7 PagesBusinesses 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 resourcesRead MoreOracle Databases Essay1554 Words   |  7 PagesOracle applications. It is a new challenge to both CNS and our clients. We journey up the learning curve together and over the trial-and-error hurdles. Each day offers a new opportunity to understand another concept or process. Some faculties and departments are already using Oracle applications in their day-to-day operations. As time goes by, more and more information users will be working with an application based on Oracle database technology. If you get the opportunity to be a member of an applicationRead MoreEasygroup Case Study1746 Words   |  7 Pagesbeen asked to conduct a training needs analysis of a selected organisation and present this in a formal report. To do this you will need to select a business that you are familiar with, either one you work in or you have knowledge of. Terms of Reference I have been asked to conduct a training needs analysis of Easy Group Plc Background to the business: The easyGroup is the private investment vehicle of Stelios, the serial entrepreneur. The easyGroup is the owner of the easy brand and licenses itRead MoreThe Key Role Of Finance1408 Words   |  6 PagesThe key role of finance in any business is to manage money; whether it be raising capital through share capital and bank loans, raising credit (short-term capital), or handling the costs of the business. Without finance, a business would not function, as quoted by (Griffin, 2015); ‘Money is the lifeblood of a business and finance is the nerve center’. Key activities of the finance department: Firstly, one of the key activities of the finance department is to maintain a check on the costs/outgoingsRead MoreEssay on Analysis of Maxtrade Case1567 Words   |  7 PagesMaxTrade seems to have lost any IT strategy it once had. They have a fractured IT department that has been mismanaged and has no direction. There are so many problems that it would seem difficult to grab a handle and get the IT department back on track. Fortunately the situation is so bad the temporary CIO can work on a blank slate to organize, prioritize, develop and lead the department. Getting the department on the right track includes the following next steps: Strategy- Decide on an ITRead MoreDesigning A Global Financial Trading Firm1131 Words   |  5 Pagesdistinguish the key issues for managing the innovation. And analyze its impact in the organization. â€Æ' Through global innovation GMAFinance wants to provide commercial lending and leasing services to general public. The only way for that to successfully happen the company must be extremely organized with the innovative process. Beginning a business is a process. The process can be considered tedious and is certainly challenging. However, a strong system that approaches every key role in an organizedRead MoreCharter776 Words   |  4 Pages |Communications, Policy, Healthy Workplace Advisory group, | | | |Attraction Retention working group | |2.0 Business reasons for project | |Improve government’s ability to attract and recruit high quality candidates and to compete more effectivelyRead MoreProduction Supervisor1018 Words   |  5 PagesKRA (Key Responsibility Area/Key Results Area): â€Å"Key Result Areas† or KRAs refer to general areas of outcomes or outputs for which the department’s role is responsible. A typical role targets three to five KRA. Value of KRAs: Identifying KRAs helps individuals:  · Clarify their roles  · Align their roles to the organisation’s business or strategic plan  · Focus on results rather than activities  · Communicate their role’s purposes to others  · Set goals and objectives  · Prioritize their activitiesRead MoreThe Importance Of A Good Human Resource Department1748 Words   |  7 PagesA good human resource department is essential to any successful businesses in today’s society. Before human resource managers were seen as people who deal with employee disputes and little more, now this is just one small part of their role to organisations. Human resource is a huge department for reasons as being a key planner in helping company’s employee performances. In this essay I will be exploring the different types of personnel management that is used, assessing the roles of human resource

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.