Functional Areas of Business Flashcards
Production Department Roles
The transformation of raw material into finished products.
Scheduling the production process
Making the product
Controlling the production process
Maintaining factory equipment
Engage in inventory control measures
Warehousing finished goods
Marketing Department Key Functional activities
Conducting Market Research
Designing the Company’s product
Public relations
Providing after-sales service and support
Developing sales and promotion strategies for the product
Distribution and transportation of goods
Finance Department
Proper money management for the entire company
Produce all financial reports for business
Make and receive all payments on behalf of the company
Advise management on all financial matters
Establish hire purchase and credit control measures
Developing and maintaining a payroll system
Budgeting for the company and disbursements of all funds to other departments
Human Resources Department
Human Resource Planning
Recruitment and Selection
Terminations
Training and Development
Performance management
Rewards System
Resolving Conflict between managers and employees
Industrial Relations
Occupational Safety and Health
Maintain proper staff records
Disciplining workers where necessary
Information Technology Department
Developing and maintaining IT systems tailored to the type of business and the needs of the business e.g. e-mails.
Ensuring the security of company information and assets
Research & Development Department -
Key Functional Activities
Research & Development Department -
Key Functional Activities
- Conducting varied types of
research on behalf of the
company such as product
research, consumer
research, technology
research etc. - Feasibility studies for new
products or business ideas