This website uses cookies to ensure you have the best experience. Learn more

Departments Of A Business Essay

3335 words - 13 pages

Departments of a Business Within a business there are the different departments: marketing,
finance, human resources, and administration. Each of the departments
have there own aims. These aims can lead to a businesses success or
failure depending on whether the aims/objectives are met. Some
departments have the same aims as the others, for example finance and
human resources may both have the aim to be a good employer. But this
aim is achieved in a different way by each department.


The main aim of the finance department is to make a profit in order
for the business to survive. If the business is trying to survive the
finance department must find a source of finance. This can be internal
(within the business) or external (external sources out side the
business). A source of finance that is internal includes the business
profits and selling assets from the business (selling something the
business owns, in Cadbury's case it could sell a business that they
own e.g. sell Dr Pepper to Coca-Cola). External sources of finance are
from a bank or building society. If the business requires a huge
amount of money (e.g. Thousands) a loan or mortgage will be arranged
with the bank. But if only a small amount of money is needed an
overdraft can be arranged with the bank. Another external source can
be the share the business receives from shareholders but only if the
business is a PLC or Ltd. Cadbury's is a PLC.

The business has two different times of expenditure, these are
revenue, which is money for day to day expenses and capital this is
money that is spent over a longer period of time. They also get money
for certain amounts of time these are long, medium and short-term

Making a profit is the main aim of the finance department. The finance
department achieves this by monitoring the businesses progress
throughout the year, compared to the expected profit. The department
will calculate the expected profit with there previous years profit,
maybe they will set a high target than the previous year in order to
expand. In 2002 Cadbury's sales reached £2,354 million, whereas this
year Cadbury as already achieved £2700 million, this evidence is from
the Cadbury Sweppes interim report (half year highlights). From the
profit made the business can expand. This can be done by buying or
merging with other businesses. Cadbury's is a good example of a
business that is in growth. Cadbury started has a small shop in
Birmingham, a one man business. The business had made enough profit to
expand and buy a large factory in Bournville. The business became
multi-national and merges with Sweppes to create Cadbury Sweppes.
Cadbury Sweppes is manufacturing in 25 countries and markets in 170


Find Another Essay On Departments of a Business

Components of a business plan Essay

1025 words - 5 pages A good, solid business plan is made up of and integrated with a marketing plan, operations plan, human resources plan and a financial plan. A business plan is essential for organizational agreement on long-term and short-term goals. The long-term goals are every three to five years, but mostly every three years secondary to the amount of external and internal changes that occur. The marketing plan is created with the vision of the company in

Importance of a Business Plan Essay

1772 words - 8 pages A business plan is a way of reaching a company’s goals usually a formal statement. In this statement there can be information on the background of the organisation of the company. Asma has completed a basic business plan for her business, a business plan is used by a business to try and get other business / companies to invest in their business, a business can be set up so that the business will advance in the future. In the business plan it

Analysis of a Hotel business

1277 words - 5 pages an e-mail. The staff of thehotel never forgets that even the residents are on their holidays some of them are stillrunning a business and they have to follow a certain schedule even on their holidays.Elamanis with its perfect reception staff can solve all those special situations.Another major facility is the laundry service. Long time slayers do not have to emptytheir wardrobes in order to have enough clothes to wear while they are on

Definition of a business plan

892 words - 4 pages A business plan is a written document that articulates a business concept, marketpotential, opportunities, growth strategies and financial requirements. (William Clark, A business plan should start with a simple statement of purposedescribing the following:- The amount and type of loan required.- The amount of money you are putting in (cash or equity).- The period for which the loan will be outstanding.- The purpose of the

Increasing Productivity of a Business

926 words - 4 pages Increasing Productivity of a Business Productivity is the measurement of the level of efficiency within a business. It measures the relationship between the level of inputs and outputs of a business. There are two types of productivity, identified as labour productivity and capital productivity. It is beneficial for a business to have high productivity levels since the more produced by a business the more it can sell

Elements of a Business Plan

6394 words - 26 pages Elements of a Business Plano1. Cover sheeto2. Statement of purposeo3. Table of contentsoI. The BusinessA. Description of businessB. MarketingC. CompetitionD. Operating proceduresE. PersonnelF. Business insuranceG. Financial dataoII. Financial DataA. Loan applicationsB. Capital equipment and supply listC. Balance sheetD. Breakeven analysisE. Pro-forma income projections (profit & loss statements)Three-year summaryDetail by month, first

Location Assessment of a Business

1367 words - 5 pages Location Assessment of a Business The success or failure of a business frequently depends on its location. The right location will increase the chance of a business succeeding. The wrong location could increase the chances of a business failing. The main factors that influence the location of a business are LABOUR, LAND, RAW MATERIALS AND THE MARKET, INFRASTUCTURE, SERVICES and some OTHER INFLUENCES. LABOUR

Business Functions of a Blog

632 words - 3 pages Business Functions of Blogs Numerous businesses today may find it difficult to stay in business if they do not reinvent themselves. Businesses should always consider tapping into new synergies; both internal and external in order to forge ahead as technology has changed the way a myriad of us do business today. Blogging can be a catalyst businesses can use in order to stay in business. A blog can be utilized for internal collaborations and a

Functional Areas of a Business

1060 words - 4 pages Functional Areas of a Business Subject: Roles and activities of each functional area Finance- the department is responsible for taking care of the budgets for the individual retail outlets this is to ensure that they aren't over spending. They keep financial records of all of their payments which they have made to their suppliers, also the payments that the customers have made to them from their customers. This

Case Study of a Business

2542 words - 10 pages Case Study of a Business Rexam PLC is a Consumer Packaging company. Consumer Packaging is the packaging that reaches the consumer, e.g. Bottles and cans etc. Rexam PLC is the parent company of Rexam Glass LTD among other companies, and it is based in Britain. Rexam PLC has multiple business activities. One of their activities is the production of beverage cans and bottles, and almost 80% of Rexam PLC's sales come

Aspects of Organizing a Business

703 words - 3 pages achieve high production with encouraging outputs. The main objective of the Sony Company is to express freedom to the employees and assist them in achieving their potential through good work motivation. This is the idea that Sony Company has put in place in order to defeat its competitors like; Panasonic, Microsoft, Samsung and LG. The paper focuses on the methods that Sony Company has put in place for the purpose of getting a good business

Similar Essays

The Essay Gives A Description Of The Pai Kane Group And The Detailed Study On How The Departments Function

4203 words - 17 pages privilege of working with PAI KANE, a manufacturing unit of canopy's of gensets in Goa. I got to learn the basic functioning, objectives of each department. The working of each department and its co-ordination with other departments was also observed. A first hand learning was attained by working in the production department and the working in the organization gave a wide learning of the need of the organization structure followed. The process

Dreams Of A Business Essay

941 words - 4 pages To own a business was and still is a childhood dream that I wanted to pursue. I always wanted to be a CEO of a huge corporation. I figured that if I were going to work, I would rather make money for myself than to make it for someone else. When you're making money for yourself you tend to love the job more than if you are working for someone else.By having my father as a role model, I was taught that a good man is one who can support his family

Organizations Of A Business Essay

2213 words - 9 pages Organizations of a Business My employer for the last 4 years has been Scottish Enterprise Borders. Using this organisation as a case study will allow me to demonstrate that I have a clear understanding of how business organisations are structured. Scottish Enterprise Borders has a mission statement that very clearly communicates to staff, stakeholders and our publics what we do. 1. "Our purpose is to help the

Evaluation Of A Business Essay

3053 words - 12 pages Evaluation of A Business 1.0 Executive Summary Skinclad Ltd is a business-to-business manufacturer of high quality leather, suede and sheepskin men's full-length coats and jackets. The company has been established in the UK leatherwear market for twenty-five years, which in 2000 was valued at approximately £2.5m but has since dwindled due to economic changes. Skinclad sell their garments through Modal Fashions