A variety of organisational departments functions you have to be informed about

A business sometimes is just like a living and breathing living organism with numerous departments performing various tasks. Read on to learn more about organisation of a business.

Every business has many financial transaction of different forms happening on an extremely regular schedule. There is always money going in, and money going out. There is money that is owed to other businesses and money that is owed to the company itself. All of these numbers might be difficult to consider, but there are specialized men and women who are known as accountants who have the capabilities and knowledge to work with this kind of information. More and more companies have a dedicated accounting department, like the Unilever accounting department, which takes an integral position in the department hierarchy structure. Aside from keeping tabs on money going in and going out accountants also have the crucial job of offering the decision makers about the financial position of a business to help them make better choices about their company.

The primary goal of any corporation is to make a profit, which is generally done by offering some type of service or product. But to help produce the said profit, the potential consumer will need to first receive information about it. Marketing is the study that concerns itself with the creation of a relationship with the possible consumer. This entails gathering info about the consumer, using this information to create the perfect product or service for that consumer, and then informing the consumer about the existence of this product. Smaller firms would sometimes outsource this function to marketing agencies, and bigger companies can devote a whole department in the company structure to marketing functions, like Morrisons marketing department.

In its simple form, every corporation will have staff members with a specific set of talents performing different kinds of jobs and managers who will oversee the work they are doing. Although these employees can make small decisions about their own personal work, it is the job of a manager to guide and direct them and make sure the work is done correctly in the right time frame. Nevertheless, the decisions that affect the functioning of the whole business is usually made by what is known as the board of directors, like the Telecom Italia board for instance. The board of directors is typically found at the top of organizational structure and is normally headed by a non-executive chairman of the board. The members of the board hold meetings on a routine basis to vote on problems concerning any of the departments in a company hierarchy. Some of the issues always discussed in these meetings are long term objectives for the business, and also the setting an approximate plan about how to attain them.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Comments on “A variety of organisational departments functions you have to be informed about”

Leave a Reply

Gravatar