How Functional Areas Work

Production- only found in in manufacturing businesses such as; Heinz. Receives deliveries, though previously going by Just IN Time knowing when to order based on the amount of stock in store and by their loses in stocks. These are usually for making and selling the product. Many automated systems including robotics and other machines

I will talk about functional areas of M&S and KFH. through Comparison and contrast of how they contribute and operate their functions, as will as the structures, also my task is, to evaluate the benefit and disadvantages of their functions, finally, try to explain my opinion about how well the two companies run there business.

The finance function and its relation to other decision-making areas in the firm; the study of theory and techniques in acquisition and allocation of financial resources from an internal management perspective.

Describe the duties of the financial manager in a business firm. Financial managers measure the firm's performance,

The department of financial services consists of the budget, comptroller, food and nutrition services, payroll management, and risk management offices. This department provides financial information and

The purpose of a finance department is to assist the business in achieving profit levels. This can be achieved by;

With those roles, the R&D center should perform each role by meeting due date and reflecting requests from brand marketing teams. The R&D center should also make cost reduction and synergy effect within different products or brands, on reflecting that ULG restructured its organization by centralizing R&D capabilities.

Response: There are many resources to help departments reach there goals and objectives. The organizations high communication level and interaction cause benefit to departments assisting and complimenting each other. There has been a constant and gradual increase in employee productivity and goals are normally reached. The company has recently experience growth due to the

All of the roles of the functions helps the business to last forever like in the Post lecture it states that a "Human Resource department are responsible for attracting and retaining employees and making sure their needs are met. The Facilities or Maintenance department will look after the building and grounds ensuring that the organization has the proper place to work productively and safely. The Accounting and Finance department will look after the money required to support the operation.  A Communications function  manages the contacts and information exchanged both inside and outside the organization. An Information Technology department handles the requirements for technology and communications, as well as supporting productive activities." With all of these roles they are able to achieve the organization vision and meet the organization goals. Two other funtions that I would consider needed and valuable are the production department and sales department because according to the Functions of the Production Department of a Business Organization article the production department "is responsible for a lot a duties, they manufactures goods for the business and are then sold to bring revenue for the business." The production department would help Vogue Retreat to have nice and stylish clothing for the clothing part of store and beautiful nail colors for the nail salon part of my store. Sales department is another function that I would consider needed and valuable because in the What Departments are Needed to Run a Business? article it said that "sales department coordinates their sales force to build customer relationships, meet particular revenue goals and pitch new products." The sales department would be needed in Vogue Retreat because my business like a retail, so sales department would be needed for the

The finance department functions include keeping records of financial activity for example the sales made by the business and providing managers with information that they can use in decision making for example cost of making products. For McDonalds the finance department would have to keep track of how many sales they make per day and what kind of meal or burger makes the most money. For Chester Zoo the finance department would have to do the same which is keeping records of how many sales they make per day and how much profit they make.

The results of the survey concluded two departments were weak in very sensitive areas. The Marketing department is not very strong in leading by example, risk-taking and resolving conflicts. This is because the department has several teams working in different parts of the country. Lack of training and mentoring could be a reason for poor performance. The Marking department lacks interdepartmental communication and teamwork. The interdepartmental communication issue relates to the article in Newswire that states, “Interdepartmental communication can be achieved in a more personal way”. By keeping the customer service department more informed. This approach gives the team a perspective they otherwise do not have (Lewis, 2006).

Departments in businesses all partake in important roles, departments such as human resources, accounting and finance, production amongst others remain vital to the company so it can work progressively. However, there are key departments which are desired more than others.

Inside the company communications are promoted between the different areas. At the time when the company is developing a new project they promote a team of different departments working together to have the better outcome of the project. As the company involves employees in product development, the result will be not only in a better product design, but also it “adds impetus of an immense pride of association factor: We came up with this as a team. Everyone wins, including customers and shareholders."

Businesses have many functional areas, these are important in ensuring the business runs efficiently. Here I have described 4 functional areas that most large businesses and organizations should have.

To find out the function and the role of the marketing department within the organization.