TOPIC 1 - CLARIFY THE SCOPE OF OPERATIONS
IDENTIFY AND REVIEW THE RELEVANT RANGE OF OPERATIONS AND THE SPHERE OF BUSINESS ARRANGEMENTS OF THE ORGANISATION
CONDUCT AN ANALYSIS OF THE OPERATIONS AND BUSINESS ARRANGEMENTS OF THE ORGANISATION AND IDENTIFY THE FUNCTIONS, PRODUCTS AND SERVICES THAT MAY BE SUBJECT TO COMPLIANCE REQUIREMENTS
After joining an organisation, it can often be challenging to learn everything you need to know to be successful. Business and industry knowledge can grow over time, but there is often basic knowledge to be successful in a project. Here are some basic questions to ask and answer in order to get basic understanding of how a business works:
• Who is the customer?
• What is the product?
• What is the sales
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Another useful method to put everything in context is to develop a narrative or visual model identifying the customers, products, and supporting processes. Learning is a never-ending process, be it learning new skills or learning more about a new business domain. Gradually, you will gain more knowledge about the business and as and when you are assigned to projects, you can always get more details and discover the specific business needs driving the initiative and key objectives to be delivered by the project.
BUSINESS FUNCTIONS
The functions of business are mainly categorised into three groups:
• Internal functions of business, which is the foundation of the business
• External functions of business, facilitates promoting products
• Support functions of business, continuously help internal and external functions
These three function groups are categorised based on their fundamental and immediate functions required to carry on the primary and ancillary (supportive) business processes. These three groups cannot operate independently, as they are interdependent for execution of their respective tasks or
It is important to know that organizations are vital with providing guidance and advice for an arrangement of objectives and methodologies of serviceable divisions. Moreover, these procedures could show the principle explanation of achievement or dissatisfaction of the organization.
Every project generates project knowledge that is new knowledge or existing knowledge. However, that project knowledge is not always fully captured, transferred, and disseminated during a project. Due to the nature of projects, this implies a short-term period, limited resources, and multiple procedures. It makes project participants adapt rapidly to new project contexts. There are two mainly obstacles for organizational learning. First, project members do not have enough time to participating in sharing and disseminating activities because the project team members are totally engaged with project tasks (Hanisch et al., 2009). Then, the replacement of key team
Organizations large or small all strive to be successful through fostering a culture of great people, great processes, great products, and great results. Typically, three main functions play into an organization, marketing, operations, and financial accountability. Marketing generates the demand through the promotion of goods and services. Operations creates the goods, handles the movement of the goods, and ensures successful final delivery of the goods or service. The financial accountability is how the organization is doing financially concerning accounts receivable and accounts payable. Of the three, operations is arguably the most important to the success of an organization and has many key components that play into this success including operations strategies, supply chain, inventory control, and cost leadership to name a few.
separate functions. The harmony of the key business functions relies heavily on the management of the business; as the four functions assist with achieving the business’s goals. However; the coordination of the key functions depends on the broad goals of the business and its size. For example, larger businesses tend to divide their goals into the separate departments of the business headed by differing managers; compared with smaller business in which the key business functions generally overlap. The four business functions are:
“Providing Next Level Service,” is a philosophy that more companies should strive to carry out. Local business organization, Atlantic | Pacific Management (APM) has superior customer service on all levels – amongst clients, prospective clients, vendors, and employees alike. As Christine Corelli says, “The company’s service culture is fundamental to its success. Management recognizes and demonstrates that they are in the ‘people’ business and its number one resource is its team.” (citation: “Capture Your Competitor’s Customers & Keep Them” – don’t have any facts on her book to cite but if you Google it you can probably find everything you would need OR remove this quote and citation all together) Identifying the people business and the importance of customer service in all businesses is vital. Most individuals recognize that worthy and exciting job opportunities are few and far between, so applicants and candidates alike must prove themselves to be valuable and stand apart during the hiring process. However, those characteristics must continue well into the employee life cycle in order to succeed and maintain a necessary cog in the company’s system. Employment with a company such as Atlantic | Pacific Management is certainly a privilege, not a right; although it is not always at first that employees recognize this, for some it is after their first 90-days, for others it is after their one-year anniversary, it may even never dawn on the employee until it is too late.
RESEACH A BUSINESS AND EXAMINES ITS INPUTS, TRANSFORMATION PROCESSES AND OUTPUTS. EXPLAIN THE IMPACT OF TECHNOLOGY ON THIS BUSINESS. THEN DISCUSS WHAT CORPORATE SOCIAL RESPONSIBILTY IS AND HOW A BUSINESS CAN TAKE ADVANTAGE OF IT.
The function also has the freedom to be any part of the business process, it can be a major control process, it can contain more sub functions, can be performed in multiple or single area, can be performed by individual or a group of people and can have dependent or independent activities. A business function has two main categories based on the level where it’s acting – business and administrative, support or overhead. The business category is where the activities which are directly involved in producing the product or providing services or which generate the revenue to the firm are classified. The operational functions which come under the business are called as the line functions. Administrative, support functions are one which are carried out for the day today wellbeing and the firm as legal entity.
Upon viewing the merging global market, I selected the S Corporation to be a perfect fit for my business endeavor. My business will provide sales and service of fire solutions to Liberia with hopes of expanding throughout West Africa.
(c) Analyse the structure of your organisation with reference to the structural dimensions of formalisation, complexity and centralisation. Do these structural features help or hinder the ability of your organisation and/ or department to achieve its objectives? Explain, referring to relevant examples in developing your answer (750 words).
A large corporation like; ‘Apple’ or a small enterprise like ‘Power up fitness’ both share some common characteristics; they both have missions, visions and objectives that serve as the “light house” of their business. For these establishments to operate effectively and accomplish their objectives, an organized set of procedures will have to be legislated, implemented and executed.
Pathfinders, Inc. opened in 1997 as a full service staffing solutions provider. The company works with companies across all industries and sizes in the Greater Philadelphia area, including South/Central Jersey and Delaware. Specialties include staffing for call centers, office support roles, inside sales and administrative positions. With the most extensive hiring process in the industry, Pathfinders established the company as the premier staffing agency in the area.
The next function is the implementation and maintenance of adequate policies and procedures designed to detect any risk of failure. Similar to the first function, these should also reflect the scale and complexity of the firm and should be designed to ensure that the firm is complying with its obligations such as fair market analysis, treating the customer fairly and disclosure. If WAT does maintain a permanent compliance function, it must operate independently and have responsibility for monitoring and regularly assessing both the adequacy and effectiveness of the measures and procedures put in place and the actions taken to address any deficiencies in the firms compliance with its obligations. WAT would also have responsibility for advising and assisting the relevant persons responsible for carrying out regulated activities to comply with the firms obligations under the regulatory system.
To begin with, this form of business is relatively easy to start (Miller and Jentz, 2009). The sole owner in this case only needs to comply with minimal legal formalities like seeking the appropriate licenses and permits (state and local).
In an organization customer support, finance, accounting, sales, marketing, and operations are some of the different divisions that many businesses consist of. In this report it will display the proposal modifications that will affect the sales division at the Kudler’s Fine Foods organization. The purpose of this report is to examine the structure and operation of the sales department at Kudler’s Fine Foods and obtain the authorization to implement a certain types of changes which will help the sales department operate more effectively. The first area of this report will explain why a change is required and how the proposed changes will benefit the organization. Then, this report will examine the four areas of change management and how each area’s purpose relates to the problems faced by the company. After that, the report will provide a summary of how company management will use the projected changes to make adjustments in the work environment. Lastly, this report will support the change proposals position by demonstrating information regarding the company’s expected return on investment
The Managing Business Activities has included term Managing and Business Activities. The Business Activities is any actions undertaken by individuals or companies, such as buying, selling, marketing, or any activity that is engaged in for the primary purpose of making a profit. Business activities can include things like operations, marketing, production and administration. Also known as business operations, Managing Business Activities is, The Business