Business Operations Functions Assignment - [University Name]

This assignment provides an introduction to business operations and management. It defines business operations, emphasizing the generation of recurring income, increasing business value, and securing income and value. The assignment outlines key functions, including financial, production, office, marketing, operations, and legal aspects. It further delves into operations management, highlighting its role in creating goods and services. The paper also discusses the main functions of business operations such as accounting, finance, production, marketing, sales and management, with a focus on planning, organizing, directing, and controlling. The assignment includes references to support the information provided.

Introduction to
Business Operations
and Management

Table of Contents
Introduction including an explanation of what business operations means (200 words)................3
An explanation of the main functions of business operations (300 words).....................................3
REFERENCE ..................................................................................................................................5

Introduction including an explanation of what business operations means (200
words)
Business operations defined the harvesting of value form the fixed assets which governed
by the business. Assets may be physical and intangible. Business operation encompasses
basically many of principle but there are few. Which collectively aim to maximise the growth of
business assets (Santos, E.O.D. and Frederico, G.F., 2018).
 Generate recurring income.
 Increase the value and outcome of the business.
 Secure the income and value of the business.
Where business operations are the activities that businesses engage in on a daily basis to
increase the value of the firm and make the organisation or company more profitable. Operating
activities are basically daily based activities of an organisation which totally involved in the
producing and selling its product, formulating revenues, as well as general administrative and
maintain the activity. There are basically six key function which is involved in the business
operation are financial, production, office, marketing, operation and legals. These are the general
terms which is used in organisation to understand the importance and profitability of
organisation. Collectively called the manages the overall process which is running and going in a
business firm (Ivanov and et. al., 2018)
An explanation of the main functions of business operations (300 words)
operations management is the business function which is responsible for the managing of
process of creation of goods and services. It involve planning, organizing, coordinating, and
controlling all the resources needed to produce a company’s or organisation goods and services.
Accounting- in which measuring and summarising business activities. Interpreting
financial information and communicating the result to management and helps him to making
decision (Reis and et. al., 2018).
Finance- finance have help to business by providing the planning for resources to help in
operates and expand the business. In which budgeting, raising financial capital, tax compliance
and etc.
Production and operations- in which we use company resources for the efficient produce
of goods and services.

Marketing- marketing helps in the business identification and also help in the promotion
of products (Reis and et. al., 2018).
Sales- sales helps in the identification of customer and valuable customer.
Management- management gives the surety to the employee have the proper tools to
accomplish the objective. And by using the organisational resources the management function
seeks to reach organizational goals through planning, organizing, directing and controlling
where planning defined Planning is the process of thinking about the activities and task which is
required to achieve the goal. It is the first and major activity to achieve aimed results. It involves
the creation and maintenance of a plan, such as psychological aspects that require conceptual
skills and knowledge. There are even a of tests to measure someone’s capability of planning
well. Organizing and directing defines the how potentially the task is driven and direct to the
firm to accomplish the goals and controlling defines the set of activities which is flowing in
saturated form sometime its be overflow so controlling is manual process to control the activities
which is unsaturated in nature (Laudon, K.C. and Traver, C.G., 2016).

REFERENCE
Santos, E.O.D. and Frederico, G.F., 2018. Evaluating knowledge management maturity: a case
study of a service operations company. International Journal of Business Excellence,
16(1), pp.1-18.
Ivanov and et. al., 2018. New flexibility drivers for manufacturing, supply chain and service
operations.
Reis and et. al., 2018, March. Digital transformation: a literature review and guidelines for future
research. In World conference on information systems and technologies (pp. 411-421).
Springer, Cham.
Reis and et. al., 2018. Managing international business in China. Cambridge University Press.
Laudon, K.C. and Traver, C.G., 2016. E-commerce: business, technology, society.

Table of Contents
INTRODUCTION 1

1