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Business Functions and Sectors

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by

Abirami Naidu

on 30 November 2016

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Transcript of Business Functions and Sectors

Business Functions and Sectors
By: Abirami Naidu
Thank
You

Business
Functions
Human
Resources (HR)
The HR is responsible for:
Finance and
Accounting
The account and finance department is responsible for:
Marketing and
Sales
Carrying out market research.
Analysing the market research.
Planning new products.
Keeping records of the sales.
Deciding upon the best marketing mix, that is the 4 p's of production- Product, Price, Promotion, and Place.
Operations Management
The operations management is responsible for:
Information Technology
The Information Technology department is responsible for:
Primary
Sector
It is also known as the extractive industry. These industries produce goods using resources in the environment.
For example:
Fishing, Mining, Forestry, and Farming.
Secondary
Sector
It is also known as the manufacturing industry. These industries use the raw materials produces or extracted by the primary sector and turn them into finished goods.
For example:
Car manufacturers, and Carpenters.
Tertiary
Sector
It is also known as the service industry. These industries provide goods and services for consumers or businesses.
For example:
Education, Insurance, Banking, and Tourism.
Business
Sectors
Training, developing, and promoting staff.
Administering payroll and employee benefits.
Preparing job descriptions and specifications.
Planning and implementing staff training programmes.
Negotiating with workers' representatives, such as union leaders, on pay and working conditions.
Keeping staff records.
Recording all financial transactions.
Preparing accounts like invoices, financial accounts, etc...
Preparing budgets.
Analysing the profitability of the business.
Deciding the best method of finance.
Keeping control of the cash flow.
The marketing and sales department is responsible for:
Ordering stock material and other resources.
Storing and checking the stock of raw materials.
Developing and designing new products.
Deciding on production methods and machinery.
Monitoring production, budgets, and quality.
Delivery of goods and services to consumers.
Installing and maintenance of equipment and software.
Making the information available, easy accessible and secured within the organization, by studying, designing, developing, and implementing the computer-based information systems, particularly software applications and computer hardware.
Sending and receiving messages by telephone, fax, and e-mail.
Preparing documents.
Full transcript