INTERDEPENDANCE OF ALL Flashcards

1
Q

What is Interdependence

A

The 4 Business function have to work together to achieve the goals of the business. They all aim to maximise profit.

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2
Q

Finance & HR

A
  • Investment in aqusition, develoment and maintanice
  • wages
  • Skilled employees in Budgeting, reporting
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3
Q

Operations & HR

A
  • skilled empolyees
  • New macinery/tech= different set of skils for employees
  • dismissal of redunt employees
  • Produces product to fund HR
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4
Q

Marketing & HR

A
  • Skilled employees (market research, Marketing, sales People, customer service)
    *
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