FUNCTIONAL AREAS OF BUSINESS PAPER University of Phoenix Erin Thompson MGT/521 Christopher Nieto July 08, 2015 Functional Areas of Business Paper There are several key areas that must be identified to ensure the success of a business. A successful business has an established plan that oversees the management in many different areas including; the law aspect, human resource
Words: 641 - Pages: 3
us. The business will be a sort of recycling music business constantly having what the competitor does not. We will offer products online for customers that would like to download our music to their MP3’s or computer for a small price. This way we are cornering the market on all opportunities from face to face sales to our internet sales. If we want our business to be successful there are a few different types of information systems that will assist us in the following functional areas: * Create
Words: 475 - Pages: 2
For this assignment I’ll be describe how two business of my choice (transport for London (TFL) an organisation in the transport industry, and One touch Leisure centre) organise themselves in-order to achieve the businesses’ purpose – the business’ reason for existence. In-order for any to achieve its purpose or to make progress, planning is essential to ensure success, strategic planning is planning that is generalised to the whole organisation, it is therefore central to the organisation as it
Words: 2340 - Pages: 10
Functional-level strategies. Functional level strategies are more concerned with monitoring the working areas of the corporation; this can be something as simple as focusing on products and services or even the design and marketing. Functional strategies are more day-to-day operations and sales that are small pictures within the big picture of the corporate strategies. There are many functional level strategies that Air Industries Group uses; one of them is predominantly concerned with the efficiently
Words: 1045 - Pages: 5
collecting them. You have become a connoisseur and an expert with nostalgic records and your knowledge amazes me every day. Having stated that, I know that you do not have very much experience with how a business needs to operate and especially an understanding of the information systems that aid the business operation from making mistakes, quality control measures. This proposal will lay out five information systems that I think you should be aware of and grasp the concept behind them. I am not expecting
Words: 955 - Pages: 4
unstable and the rapidly changing external environment in eBay’s domestic and international markets. Analysis and Evaluation A functional organizational structure with various operational areas, such as finance, operations, human resources, and legal units was adopted for the eBay during its establishment. In a functional structure, workers and activities are organized into areas of their expertise or units given specific functions. Therefore, the structure promotes efficiency and development of distinctive
Words: 1169 - Pages: 5
Assignment 8 What is the relationship of organizational structure, control and culture? When would a company decide to change from a functional to a multidivisional structure? Between the structures, the controls and the culture is a relationship that works like a chain that is locked to itself. Organizational structure specifies procedures, controls, and decision-making authority. It is critical to match organizational structure to the company strategy. The structure have the purpose of manage
Words: 593 - Pages: 3
Functional areas Look at the table below. It shows the different functional areas that might be found in a typical business. Explain what each of these functional areas do… include any responsibilities they may have to other areas – although we will look at this in more detail later Finance |Marketing |Production |Customer service |Sales |Human resources | |In finance they are concerned with money and future plans. They prepare accounts, e.g. invoices, management accounts, financial accounts
Words: 476 - Pages: 2
functions (such as marketing, finance, human resources, and operations) will be discussed to determine the influence they have on how UHS conducts their daily business. While discussing UHS organizational structure, other organizational structures will be compared and contrasted to UHS. Organizational design (such as geographic, functional, customer-based, product, service, hybrid, matrix, marketing channels, and departmentalization) determines what organizational structure is best for any organization
Words: 1352 - Pages: 6
decisions. They should conduct a SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats), i.e., they should make best possible utilization of strengths, minimize the organizational weaknesses, make use of arising opportunities from the business environment and shouldn’t ignore the threats. Strategic management is nothing but planning for both predictable as well as unfeasible | | |contingencies. It is applicable to both small as well as large organizations as even the smallest organization
Words: 2608 - Pages: 11
