Business Functions Report: Analysis of Key Business Departments

This business report provides an overview of key organizational functions, drawing upon the perspective of Kokemuller (2016). It defines business functions as core activities within a company, including operations, marketing, finance, human resources, and production. The report details the role of each department: operations ensuring effective activities, marketing promoting products and conducting market research, finance allocating funds and assessing capital requirements, production manufacturing goods, and human resources managing employees. The report highlights the importance of each function in achieving organizational goals and objectives, supported by references to academic journals and online resources. The report emphasizes the interconnectedness of these functions and their collective contribution to business success.

Business report

MAIN BODY.......................................................................................................................................2
Business function of organisation......................................................................................................2
REFERENCES....................................................................................................................................4

MAIN BODY
Business function of organisation
According to the view point of Kokemuller. N, 2016 it has been determine that
organisational or business function is core procedure or set of activities that carried out in an
department of company (What are organisational function?, 2016). There are some common
function such as operations, marketing, finance, human resource and production. In addition
to this, each and division play important role in working of business firm as well as provide
assistance in accomplishing desired goals and objectives.
Operation department of company make sure that each and every activity conduct in
effective manner and result in accomplishing desired goals and objectives (Business
department, 2020). Respective division conduct each and every activity in such manner that
goals and objectives of company has been accomplish by making customer satisfy
effectually. Along with this, another business function is marketing which help an business
firm in doing advertisement and promotion of there products and services (Elia, Massini and
Narula, 2019). Attractive marketing practices help in grabbing attention of several people
within more effective manner and increasing customer base of business firm. Marketing
division also conduct market research for identifying competitors, customers needs and
wants, taste and preferences. So, they will be able to make customer satisfy by fulfilling their
need and wants in effective manner.
Finance is the backbone of organisation and this division allocate funds for every
division to conduct their operations and activities in better manner. Furthermore, finance
division assess long term and short term capital requirement of company which is necessary
for conducting daily activities of business (Cui, 2017). In other words it can be said that,
finance department is obliged for accomplishing the organisational goals and objective by
using finances wisely. Another division is production in that products and services
manufacture by business firm as per the requirement of market are well as customers.
Production division is important because they produce goods without this department it will
be not easy for an organisation to fulfil customer needs.
Human resource is one of the important division in an organisation because HR
department perform several roles such as hiring employees, induction of new candidates,
training of staff, welfare of employees and many more. This is known as one of important
division because it manage each and every activity which has to be conduct in better manner.

Moreover, they play most important role in filling vacant place in organisation and ensure
that activities in company are conducting in better manner. Along with this, it is
responsibility of HR manager to make sure that vacant position will get fulfil as per the
requirement and skills of candidate will help in conducting operations in more effective
manner and result in accomplishing desired goals (Cagle, Yılmaz and Doğru, 2020). Thus, it
can be said that in an organisation there are several department and each of them play
important role in working of business firm and achieving desired objectives.

REFERENCES
Books and Journals
Elia, S., Massini, S. and Narula, R., 2019. Disintegration, modularity and entry mode choice:
Mirroring technical and organizational architectures in business functions offshoring. Journal
of Business Research, 103, pp.417-431.
Cui, L., 2017. Fuzzy approach to eco-innovation for enhancing business functions: A case
study in China. Industrial Management & Data Systems.
Cagle, M. N., Yılmaz, K. and Doğru, H., 2020. Digitalization of Business Functions under
Industry 4.0. In Digital Business Strategies in Blockchain Ecosystems (pp. 105-132).
Springer, Cham.
Online
What are organisational function?, 2016.[Online].Available
throughhttps://bizfluent.com/info-8453523-organizational-functions.html
Business department, 2020,[Online].Available
through<https://www.tutorialspoint.com/tourism_management/tourism_management_busines
s_departments.htm>