Types of Business Functions in Business Organisations

This essay provides an explanation of the different types of Business Functions present within a business organisation, including marketing, finance, production, and HR. It highlights the importance of these departments working together to enhance overall efficiency and effectiveness.

Business Report

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
Business Functions refer to the various types of functions within a business which can
help a lot in ensuring that it runs in a highly effective manner (Brannen, Piekkari and Tietze,
2017). In this essay, a detailed focus will be made on the different types of Business Functions
which are present within a business organisation.
MAIN BODY
In the Business Organisations, there are different types of business functions. An
explanation of these functions is given as follows-
 Marketing- This department ensures that the different types of products and services can
be provided to the customers (Păunescu and Argatu, 2020). Therefore, in this way the
organisations can make their products and services to reach to a wide range of customers
in a highly effective manner.
 Finance- This department helps in ensuring that a proper and appropriate use of the
different types of funds can be made in the right manner within the organisations (Hsieh,
2016). Thus, In this way this department can help the firms to be able to effectively and
efficiently manage the financial data in the right manner in order to be able to derive
proper conclusions and recommendations which can be followed.
 Production- In this department, the manufacturing of the different types of goods takes
place (Lodsgård and Aagaard, 2017). Therefore, In this way it can be said that the
companies will be able to provide a wide range of goods to the different types of
customers in the market effectively and efficiently if this department is working to its full
potential. For this, it is required that the setting of appropriate and proper standards can
be done and thus the use of appropriate techniques and methods can be done so that the
level of efficiency and effectiveness can be enhanced.
 HR- The role of this department is to make sure that the needs and requirements related
to the human resources are judged and thus the appropriate steps are taken so that these
needs and requirements can be fulfilled highly effectively and efficiently (Massa, Tucci
and Afuah, 2017). In the organisations, it is thus required that this department is able to
provide employees as per the various types of needs and requirements. Further, the
activities related with the welfare of the staff members, development of staff to its full
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potential are also required to be covered as a part of the role played by this department to
maximize the level of efficiency, effectiveness and productivity level in the organisations
in the right manner.
Importance of these departments working together- All of these departments like
Marketing, Finance, Production and HR can work together in the right manner and can make
sure that they are able to effectively and efficiently raise the overall bar of efficiency and
effectiveness within the organisation and therefore can help in the attainment of the goals and
objectives in the future (Santos, Mota and Baptista, 2018).
CONCLUSION
From the above report, it can be concluded that Business Functions are helpful in
ensuring that the various types of businesses are able to effectively and efficiently function in the
right manner. The departments like Marketing, Finance, Production and HR can help a lot in
ensuring that the organisations are able to maintain their overall level of efficiency and
effectiveness in a proper manner.
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REFERENCES
Books and Journals:
Brannen, M. Y., Piekkari, R. and Tietze, S., 2017. The multifaceted role of language in
international business: Unpacking the forms, functions and features of a critical
challenge to MNC theory and performance. In Language in international business (pp.
139-162). Palgrave Macmillan, Cham.
Păunescu, C. and Argatu, R., 2020. Critical functions in ensuring effective business continuity
management. Evidence from Romanian companies. Journal of Business Economics and
Management. 21(2). pp.497-520.
Hsieh, C., 2016. Do the Self–Employed More Likely Emerge from Sequential or Parallel Work
Experience in Business–Related Functions?. Entrepreneurship Theory and Practice.
40(2). pp.307-334.
Lodsgård, L. and Aagaard, A., 2017. Creating value through CSR across company functions and
NGO collaborations: A Scandinavian cross-industry case study. Scandinavian Journal
of Management. 33(3). pp.162-174.
Massa, L., Tucci, C. L. and Afuah, A., 2017. A critical assessment of business model research.
Academy of Management Annals. 11(1). pp.73-104.
Santos, J. N., Mota, J. and Baptista, C. S., 2018. Understanding configurations of value creation
functions in business relationships using a fuzzy-set QCA. Journal of Business
Research. 89. pp.429-434.
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