A Detailed Analysis of Business Functions and Their Importance

This essay provides an in-depth analysis of business functions, which are the tasks and activities conducted by various departments within an organization. It highlights the importance of departments such as Marketing, Human Resources, Finance, and Operations, detailing their roles and responsibilities in ensuring the effective functioning and growth of the business. The Marketing department focuses on production, distribution, and customer relations, while the Human Resources department manages employee hiring and firing. The Operations department designs products, forecasts future plans, and manages the supply chain. The Finance department handles financial planning and ensures access to sustainable funding, all contributing to the company's long-term success and reputation.

Skills

Table of Contents
INTRODUCTION................................................................................................................................4
MAIN BODY.......................................................................................................................................4
CONCLUSION....................................................................................................................................7
REFERENCES.....................................................................................................................................8

INTRODUCTION
The term Business functions are referred as the tasks and activities that are conducted by the various
Business and The organisation. The business functions are the day to day operations which are
required to manage the proper and effective functioning of the business. The business functions are
divided into various categories every business is divided into various departments such as Human
resource department, Marketing department, Finance department etc. This essay is based on the role
and the importance of the various functions of the Business which are performed by the Various
departments of the Business and the organisation.
MAIN BODY
The term Business functions are the framework of various tasks and activities which are conducted
by the Business on a large level. There are various department in the organisation which perform
the different functions which are useful to be conducted. the business and the organisation strives to
make an excellent growth in the industrial sector. every business manages its functions in a way so
that it can maintain a well known reputed position in the long run(Singh and Thurman 2019). The
Marketing department is considered as the most effective department which is responsible for the
proper functioning of various tasks and activities. The marketing department consists of the
activities related to the production and manufacturing of the goods along with the distribution of the
same ton the targeted market sector. The job of marketing sector is to maintain a good bond with
the customers so that they can interact with them more and can stay dynamic according to the tastes
and preferences of the customers along with the motive of achieving the organisational goals. The
Human Resource department is considered as the one which is used to promote the various
activities elated to the functioning an managing of the Human resources so a to promote the
effectiveness and efficiency in the organisation. the human resource department is responsible for
the hiring and firing of the employees which is considered as the relevant part of the company. The
next Business function which is related with the department of Operations, This department is
responsible for the designing and managing of the product along with the forecasting of the future
plans and activities. The effective supply chain management is also a part of this department which
is the base of serving various other functions in the organisation. This department is also important
to maintain the coordination within the organisation. One of the major and important department of
the Business is the Finance department which helps in the planning and management of the
company's finances and making sure that the business can access the cash in sustainable ways. The
finance department is a broad platform which keeps on check the monetary requirements of the

company and promotes it towards the direction of managing the long term financing of the
company
CONCLUSION
The above Essay went into detail regarding the Business functions. Further more, various business
departments such as, Marketing, HR, Finance and Operations were described along with their roles

and responsibilities in the Company so as to make it more clear and understandable.
REFERENCES
Singh, V. and Thurman, A., 2019. How many ways can we define online learning? A systematic literature
review of definitions of online learning (1988-2018). American Journal of Distance Education, 33(4), pp.289-

306.
https://www.researchgate.net/publication/
294800396_Business_Processes_and_Business_Functions_a_new_way_of_looking_at_employmen
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https://www.researchgate.net/publication/
260204313_Marketing_and_the_Other_Business_Functions
https://hbr.org/2013/02/strength-focus-and-corporate-c
(Singh and Thurman 2019)