COURSE PACKET 2 Flashcards
_______ is a major organizational unit of a
business which has
specific responsibilities and performs activities on a regular basis to enable the business to carry out its mission (the function refers to both the organizational
unit and the types of activities it performs
Business Function
_____ is a set of
activities, which draw on one or more business functions to help carry out
the organization’s mission
Business Process
- The top managers are the masterminds of all organizational policies.
- They
are responsible for heading and putting forth the plans and ideas to ensure the
welfare of the whole organization. - Generally top officials like the chief executive officer, chief
operating officer, president etc. constitute the top managers. It involves a lot of
workload and commitment towards the organization.
Top Management
- The main task of middle managers is to carry out plans which are a
brainchild of top managers. - Additionally, they are responsible for extracting
work productivity out of first-line managers. - This means that middle managers
are subordinate to top managers and superior to first-line managers. Division
heads, plant superintendents and operations managers qualify as middle
managers.
MIddle Management
_______ are at the bottom of the hierarchy. However, they
rights are important for a firm root of the management system. This is because
they directly interact with the workforce. Their job is to supervise the workforce
and communicate the objective
SUpervisory or Operational Management
it is the most important asset in the business. The heart of an
organization lies on its people.HR Department is responsible for recruiting the
right people with the required skills, qualifications and experience, is
responsible for determining the salaries of different positions in the company
and is also involved in training the company’s employees for their development.
Human Resource
Promotional activities and advertising are the best ways to
communicate with your target for them to be able to know the company
products and services. Effective marketing and promotional activities
will drive long-term success, profitability and growth in market shares.
This department is responsible for promoting the business to generate
sales and help the company grow. Its function involves creating various
marketing strategy and planning promotional campaigns. They are also responsible for monitoring competitor’s activities
Marketing/Promotion
In every business, ______ play the biggest role in any organization’s success. ________ is responsible for
generating revenue. The ________ is tasked to ensure that the
sale of products and services result in profit. The ________
coordinates with the marketing department in terms of brand-
awareness, product-lunching and more. _____ need to develop ways on
how to sell the product to their target users/customers.
Sales
_____ is responsible for the receiving orders
and delivering orders to the customer at the right place, at the right time.
If goods are not suitable for the distribution channel, expenses involve
in the distribution will be wasted.
Distribution
_______is responsible for interacting
with customers regarding enquiries, complaints and orders. It also
includes having a help desk/reception and contact centers.
Customer Service Support
____ is concerned in manufacturing the
products, where input(raw materials) are made into finished output
through a series of production processes. This department’s function is to
ensure that the raw materials are made into finished product effectively
and efficiently and in good quality. This department should also maintain the optimum inventory level.
Production
is responsible for overseeing,
designing, controlling the process of production and redesigning
business operations in the production of good and/or services.
Operations
responsible for the procurement
of raw materials, machineries, equipment and supplies. This
department ensures that the material are in right quantity, at the right
price, made available in the right from the right supplier.
Purchasing
Responsible for accounting, auditing, planning and organizing the
company’s finances. They are also responsible in producing the company’s
financial statements.
Accounting and Finance
the lifeblood of any business.
Cash flow