Business Functions Of A Business

Satisfactory Essays

Identify the business functions MWS will need in order to operate effectively.

MWS needs a variety of business functions in order to operate effectively. Identifying the business functions for any organization serves as a starting point in developing its mission statement. As the business of the company is over the internet, therefore, It needs to determine that how the internet will further the information and efforts for communication of the company and with whom the information will be shared? The company needs to know about its statement of purpose. The way an organization or a business uses information is linked to what the organization does. MWS needs to identify the statement of purpose, mission and vision statement in order to bring awareness among people about the organization’s core functions and objectives, that can help the company increase sales.

State the objectives of each business function in relation to e-commerce.

As a new venture, the first step for getting success in e-commerce is to set the goals. The objectives may include the plan to increase the revenues from existing customers, gaining new customers, increasing the number of orders on daily basis, selling of the products through new and different channels and lowering the prices (Arline, 2015). Once an organization is able to identify its goals it is the time for the company to formulate the plan. SWOT analysis can help the firms to know about the strengths, weakness, opportunities and threats of

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