what do business functions do

Topics: Management, New product development, Employment Pages: 1 (193 words) Published: December 7, 2014
Human Resources / People
What it does:
Responsible for all aspects of managing the people who work in a business. Main activities:
Organise hiring employees (recruitment)
Set up and manage employment rules
Organise employee training & appraisal
Monitor the working conditions for employees
Manage communication with staff
Ensure business complies with employment-related legislation What it does:
Responsible for understanding the needs and wants of customers. Main activities:
Research into the market
New product development
Development and delivery of promotional campaigns
Setting and monitoring prices
Ensuring suitable distribution
Obtaining and auctioning customer feedback
Production / Operations
Accounts / Finance
What it does:
Organises the transformation process that turns inputs (e.g. materials, people) in finished goods and services. Main activities:
Organising a suitable method of production
Controlling the use of inputs to produce efficiently
Managing the quality of finished output
What it does:
Manages the financial resources of the business and reports on the financial position & performance Main activities:
Allocating and monitoring the use of financial resources through budget Ensuring business has sufficient cash to enable it to pay its liabilities as they fall due Reporting on financial performance

Ensuring business meets legal requirements re financial reporting
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