Introduction to Management: Report on Business Structure and Functions

This report provides a comprehensive overview of key concepts in management, including business functions and organizational structures. It begins by outlining the advantages and disadvantages of different organizational structures, such as functional, divisional, matrix, and flat structures, and describes the responsibilities of core and support business functions, including distribution, marketing, sales, and communication. The report then delves into marketing functions, detailing product development, pricing strategies, sales locations, and product promotion. It further explores the functions of management, such as planning, organizing, staffing, and controlling, emphasizing their interrelation and importance for achieving business objectives. The role of human resources in talent management is also examined, with a focus on recruiting, performance management, career management, leadership development, and organizational strategy. Finally, the report discusses organizational culture and its impact on business performance, concluding that effective management is crucial for organizational success. The report uses publicly available materials, journals, and core texts to support its analysis.