Functional Areas of a Business
Subject: Roles and activities of each functional area
Finance- the department is responsible for taking care of the budgets
for the individual retail outlets this is to ensure that they aren't
over spending. They keep financial records of all of their payments
which they have made to their suppliers, also the payments that the
customers have made to them from their customers. This function is
used also to chase up late payment of invoices this is so the company
do not find their selves in debt. This area also provides their
directors with accounts for example profit and loss accounts and
balance accounts. This helps the company to evaluate their performance
over the year and also to make comparisons with performances from
previous years to make the company run more efficiently and set
targets for the future. Some finance groups take care of salaries and
staff wages these are sent to individual employee's bank accounts.
Administration- This function is responsible for the every day paper
work. These include dealing with letters from their customers and
suppliers. This department also deal with all the telephone and email
enquires from external sources such as customers for example.
Research and development- the employees at the company are responsible
for this function. Employees are always taking part in external
training courses to identify efficient working practise. The research
and development function is also responsible for researching and
developing different services. The functional areas work together by
holding regular meeting at either shop level at head office to give
feedback to...
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...achieve their objectives making sure everyone is working efficiently
and making sure that all paper work is done so the company don't catch
themselves in trouble.
Co-op travel use fax as a fast way of sending data to other members in
the company. For example the finance department may need to get some
work of another department and instead of walking all that way and
wasting time they can send the work using the fax. This could help the
business to achieve their objectives because their working fast and
saving time so they can spend that time doing something else.
Co-op use internet as a way of sending messages to their customers.
For example they could use an internet website to advertise your
business. This could help the business to achieve their objectives
because then they can become a more well known company.
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.
...ed for resources that are available for distance communication across several formats has become more important than ever.
Over the past 37 years, The Nike Brand has evolved into a successful multi-billion dollar corporation. It has also grown to be the world's largest marketer of athletic footwear and apparel. The company’s products are sold in over 180 countries worldwide and 20,000 retail stores domestically. Nike also operates retail stores overseas such as Nike Towns and factory outlets. Although Nike is involved in the design, development, and marketing of the product; the products are manufactured independently. In addition to its wide range of athletic shoes and apparel, the company also sells Nike and Bauer brand athletic equipment, Cole Haan brand dress and casual footwear, and the Sports Specialties line of headwear.
Appendix E is the quarterly market estimation I made. After collecting and analyzing information, I convert it into estimation as the report form to director. Furthermore, I also include the relevant explanation to support my points. The ability of organizing the points to be more persuasive is developed from every courses I take from college since the rigorousness of logic has been emphasized the whole processes of learning.
Home telecommuting plugs into everything that is happening at the office, just as if they were at the office. By opening your networks to the public and allowing your information to be available to the internet, Co-Works will have access to your information available with many different types of home equipment needed for home telecommuting that can be a little expensive at first to get started. Some of the different equipment that is needed is a computer with fax and scanner so proper communications are available, phone, high speed internet connection, a desk, file cabinets, and a web camera with an internet messenger along with video conferencing software. There are many advantages for companies today to use telecommuters in their day-to-day business operations. This allows business’s to cut corners and save money so that way more money can be spent on other projects which will make more of a profit, and help reduce the costs of gas and travel expenses for employees who travel a lot.
point to another fast, receive and send messages instantly, so that we learnt how to
An entrepreneur starts a new venture not only to succeed but ultimately to have the venture grow. Before an entrepreneur begins a strategy of growth and building wealth for the venture, several key fundamental puzzle pieces must be in place. This paper will explore five of these fundamentals and describe the importance of each one. It will go on to compare and contrast three growth strategies available to a business.
The methods of communicating for a virtual team consist of different tools than used by a traditional team because “…awareness of others’ activities is more difficult and requires some degree of technological intervention” (Fussell et.al., 1998, p. 276). A virtual team needs to use alternative tools because it has members working from different geographical areas and possibly at different times. A traditional team meets face to face, whereas a virtual team needs the use of technology to operate and interact efficiently. Teleconferencing, video conferencing, faxing, e-mail, and instant messaging are some of the tools available to a virtual team.
Looking at All Aspects of a Business Campden and Chorleywood Food Research Association (CCFRA) is the largest independent membership based organisation. This company carries out research and development into everything on the market, which caters for food and drink, which also includes the chain of pet foods on the market. It was established in 1919 after the First World War to research the food on the market produced by farming. In this unit, we will be looking at all the aspect of the business.
The principles of goal setting applied in this case are implementing a restructuring, redesign, and enrichment of job assignments and tasks to continually adapt to current and future changes in the work environment. It is vital to develop new methods, smarter methods of implementing changes and handling increased workloads.
have the capability to let you talk with someone across the nation or let you
Remote Access | As more of the knowledge based workforce become more mobile, the ability to be able to access cooperate data while not in the office is essential to employee productivity. This not only increases mobile employees’ productivity, but also has a significant impact on other employees and their productivity since information can be updated in the central corporate database providing near real-time information.
-Due to the era of technology, people can communicate virtually no matter how far they are located for instance using emails the way I had done.
Communication is now instantaneous. Electronic communication has come a long way in the past century. It started with person to person communication via the telegraph, eventually evolving with devices like the telephone. Communication became quicker and the ability to mass communicate became available to a select few. In recent years, further development of the internet has made it possible for an individual or a business to mass communicate on its own.
to the same information. A paperless office is a good way to send and receive