The relationship among various functional areas of business

What Is the Relationship Between Organizational Functions & Organizational Structure? |

the relationship among various functional areas of business

What are the four levels of activity in the pyramid representing the business organization? to operations and other activities upwards to managers of all levels. What is the relationship among data, information, and an information system? 2. MIS manages the information systems for specialized functional areas such as. Concern and responsibility for marketing must therefore permeate all areas potential for conflict between functional areas when delivering the corporate plan. Introduction. Just as different functions in the human body are performed and regulated by different organs, different functions within a business are performed .

Adequate research and development is planned to satisfy current and future customer needs The item can be manufactured to the quality and design specifications laid down by the consumer The volume of orders generated by marketing can be met within the time schedule required for delivery It is likely that the marketing department will set deadlines that may stretch the capabilities of the production department.

Marketers will wish to get products to market as soon as possible to ensure competitive advantage, whereas production will want to test and develop products fully to ensure that they do not have to repair or replace defective items and that they meet health and safety requirements.

the relationship among various functional areas of business

Finance department The marketing department will need to work closely with the finance department to ensure that: There is an adequate budget to meet the needs for research, promotion and distribution The finance department have a whole organisation brief to ensure that all the business operates within its financial capabilities. They will want all departments to work within their allocated budgets.

Like all departments, marketing may wish to overspend if profitable marketing opportunities emerge over the year. The marketing department is likely to concentrate on sales volume and building market share, while the finance department may be more focused on cash flow, covering costs and paying back investment as quickly as possible.

For instance, managing five human resource operations, rather than a single, centralized operation, means duplication of functions, managements systems, policy development and so on.

Functional Areas of a Business | Founder's Guide

Matrix Structure Using a matrix structure in your business can give you greater flexibility in business functions than a more hierarchical organization. In a matrix structure, each employee works in a function-based department, such as marketing or finance, but they can be assigned to projects under different managers and teamed with employees who have different functions.

the relationship among various functional areas of business

This structure adapts organizational function to changing organizational needs. The drawback is that the chain of command in a matrix may become cloudy and conflicted.

the relationship among various functional areas of business

Organizational Charts If you or your staff have trouble visualizing a proposed structure, you can use an organizational chart to see it clearly. The New York and Erie Railroad developed the first organizational charts in the 19th century as a way to improve management efficiency. In environment management, the efforts are made to check the different types of industrial pollution viz.

What Is the Relationship Between Organizational Functions & Organizational Structure?

It is the responsibility of general manager to plan for congenial ecology to plant, animal and human being. Transport management is the specialized branch for arranging efficient and cheaper transport facility. In the age of multinational corporations MNCsthe primary concern of international management is with the management of people, material and money of the international environment. It is the extension of simple management process itself, but across national frontiers.

A manager while dealing with different nations must take into account the legal, political, social, economic and technical aspects in the global perspective.

Areas of Management Lecture by Mr. Shiv Jhalani, BBA

Forex foreign exchange management is the application of management principles for earning more and more foreign money. Human resource development or personnel management or manpower management is concerned with obtaining and maintaining of a satisfactory and satisfied work force i.

The recruitment, placement, induction, orientation, training, promotion, motivation, performance appraisal, wage and salary, retirement, transfer, merit-rating, industrial relations, working conditions, trade unions, safety and welfare schemes of employees are included in personnel management. The object of personnel management is to create and promote team spirit among workers and managers.

Production management refers to planning, organization, direction, coordination and control of the production function in such a way that desired goods and services could be produced at the right time, in right quantity, and at the right cost.