An Evidenced-Based Approach to Business Functions Essay
VerifiedAdded on 2022/08/09
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Essay
AI Summary
This academic essay provides an overview of an evidence-based approach to discussing business functions within organizations. It defines business functions as encompassing core activities that generate revenue, as well as crucial support functions. The essay explores various business functions, including governance, strategy, finance, marketing, research & development, customer service, human resources, and supply chain. It uses examples of companies like Unilever, which focuses on compliance to regulations to mitigate risks, and Amazon, which leverages its supply chain and logistics network. The essay emphasizes the dynamic nature of business functions, which change with market trends and customer preferences, as illustrated by Amazon's evolution. The essay concludes by highlighting the importance of adapting business functions to external requirements to remain competitive in the ever-changing market environment.
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