25624474_N.Ngubane

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by Nomaswazi Ngubane6 views·Updated May 31, 2021
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  1. Good morning learners.
  2. So today we'll be focusing on the eight business functions.
  3. This is under the macro environment topic in the business
  4. studies. So we'll be focusing on the eight business functions.
  5. These functions are the functions that make up a business
  6. in a business.
  7. There are different types of functions and then these functions
  8. are supposed to these departments work together to make sure
  9. that the business is perfect and meet its general needs
  10. and goals.
  11. So the first function will be looking at is the
  12. general management function.
  13. This function focuses on the entire business, its duties and
  14. it's responsible for formulating policies, managing general and daily operations,
  15. also planning the use of material.
  16. This means that for each and every business there has
  17. to be policies there and and rules that are hard
  18. hit. Uh two.
  19. So this part of the the the eight business functions
  20. focuses mainly on that in any other general operations of
  21. the business.
  22. And then the other, the second function will be looking
  23. at is the purchasing function.
  24. This function is responsible for identifying requirements for goods, material,
  25. materials and services, and also price negotiations.
  26. For example, they if if there's a supplier who's supposed
  27. to or if maybe our business has a supplier and
  28. then this supply is becoming expensive for us.
  29. We cannot afford whatever the supplies providing us.
  30. And then now we look at other suppliers, we look
  31. we compare the prices from our for our previous supply
  32. to our current supplier, and then these this function is
  33. responsible for that for identifying their required goods in the
  34. company. Which suppliers can we purchase from?
  35. Which materials can Are we are we supposed to purchase?
  36. What is it that we're running shot of in our
  37. business. And then now we'll be looking at the marketing
  38. function of the business.
  39. This function is meant to promote the business and then
  40. it also focuses on the mission of the business.
  41. What is the business going to?
  42. Where what are our goals?
  43. Where do we see ourselves?
  44. What is our mission?
  45. How are we going to to to make it a
  46. point that we adhere to our mission a mission that
  47. we have set out for ourselves.
  48. So this function focuses on that as well.
  49. And remember all these functions need one another in order
  50. to function.
  51. Then we'll be looking at the the administration function.
  52. The administration function oversees the general operations of the business
  53. or department.
  54. This includes problem solving, implementing of plans and meeting goals.
  55. So this ensures that whatever goal that we have said
  56. as as as a company or as a business, we
  57. reach that goal, meaning also that this function is responsible
  58. for problem solving.
  59. Remember we have a goal that we have set for
  60. ourselves, that you want to reach this goal and then
  61. before for each and everything that you want to achieve
  62. in life there are problems you don't just achieve it,
  63. so which is why you have to have the problem
  64. solving skills, which is what this function is responsible for.
  65. They are responsible for problem solving.
  66. And then how are we going to solve our problems?
  67. How are we going to embark on this journey of
  68. reaching our goals and all that?
  69. And then then that the other function will be the
  70. production function.
  71. This function focuses on the on building relationships between on
  72. and showing the relationship between the output and input used
  73. in production process.
  74. How what quantity do we need or quality do we
  75. need to produce this kind of a product?
  76. What is it that we need to produce?
  77. This kind of a product?
  78. And how are we going to get this?
  79. That this part of the function focuses only on production
  80. of the company, of the products that the company is
  81. we're selling and producing.
  82. Then we have the human resource function.
  83. The human resource function focuses and it also emphasizes on
  84. maximizing the employee productivity and the protecting and protecting the
  85. business from the problems that may arise within the workforce,
  86. meaning that if we have to hire new employees, this
  87. company is this function is responsible if maybe there's an
  88. employee that has to be uh suspended or fired.
  89. This function is irresponsible if maybe there's an employee that
  90. has been selected or so an employee that is ready
  91. for induction.
  92. This uh function is responsible for that.
  93. So the human human resource is for focuses on on
  94. the employment and the disciplinary and the firing of the
  95. employees in the business.
  96. Now, we're looking at the financial function of the business.
  97. This function is responsible for managing the company's money.
  98. This includes the risk involved, the funds to be obtained
  99. if we're opening this business and then we're having a
  100. business. What are the problems that we are we we
  101. are facing in terms of our money?
  102. Where is our money going?
  103. Are we making profits?
  104. Are we losing money?
  105. Are we supposed to add or apply for loans, generate
  106. more capital?
  107. All of that.
  108. All the financial problems of the company are dealt with
  109. in the financial a function of the business.
  110. And you should also remember that all these functions need
  111. one another in order to operate.
  112. And then now we will be focusing on the public
  113. relations function.
  114. The public relation functions focuses on maintaining the mutual relations
  115. between the public and the organization.
  116. If the organization or your business fails to have a
  117. relationship or does not build a relationship with the public
  118. possibilities of the business, uh, succeeding or expanding is very
  119. low because now the business does not have a relationship
  120. with the public.
  121. They do not know anything about the public.
  122. They don't know their customers, they are not aware of
  123. their competitors.
  124. They are not aware of what, what is on trend,
  125. what is not on trend, What has, is out of
  126. fashion and what is moving forward like?
  127. They know nothing about about the business that the public
  128. as a whole.
  129. What is the government expects expecting?
  130. Whether the people expecting they know nothing.
  131. So if they know nothing and if they like to
  132. maintain the business relations, then their business won't succeed.
  133. Which is why it is important for this department in
  134. the business to be there.
  135. Each and every business has to have their way the
  136. public relations department.
  137. Okay. And then that will be it for our presentation.
  138. I hope you understand everything and thank you