The Key Departments Of The Business - 1529 Words

Overview Businesses 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 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. Human resources is considered key within the business,†¦show more content†¦Comparing finance and human resources is a balanced agreement, both departments’ consists with doing dissimilar key functions but equally need to operate functionally so the business can endure growth. Finance is structured to be the heart of the business, in addition, businesses are made for the purpose of profit so it is valuable for employees to analyse existing reports.† Finance touch the nervous system of business body. Because, Share market s fluctuation, Govt. policies and strategy, Economic changes and other changes in business environment can only analysed with the help of Finance† (Prof. Vinod Kumar,2009) Various people would think marketing would not be key within businesses, however, businesses require customers so that revenue can be generated and they can branch out to different countries. TV advertisements along with commercials and posters are used by companies so customers can see what they are offering. In addition, countless hours are put into finding target audiences and board meetings where concepts can be formed and distinguished. Marketing has shown to be a key factor in businesses but does not compare with the supremacy that human resources and finance embrace in the organisation. Production is valued exceedingly within businesses, raw materials need to be created and assembled so that the company can then sell the product to the customer. Production will have its The Key Departments Of The Business - 1529 Words Overview Businesses 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 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. Human resources is considered key within the business, job roles consisting of recruiting employees so that the business can function and operative payments and other employee procedures. Therefor without these imperative duties businesses would have difficulties creating a respectable operational environment for the employees. In addition human resources is key for businesses to acquire results so that the company is always moving forward within different markets â€Å"human resources is accountable for a number of key results areas and management competencies† (John H. McConnell, 2011) Finance has establish itself key to businesses because every company is out to make profit, job roles consist of accurately creating reports to indicate the turnover margins. This is prepared so that businesses canShow MoreRelatedThe Key Departments Of A Business1332 Words   |  6 PagesThe 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 howRead 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. 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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. 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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