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

How Do The Main Functional Areas Of A Business Interact And Contribute To Its Effective Management?

1664 words - 7 pages

'How do the main functional areas of a business interact and contribute to its effective management?'The main functional areas of a business are marketing, human resource, finance, information systems and production. All these interact with each other in different ways but all contribute to effective management. Management would not be completely effective if one of the above areas are missing. They are all needed in different ways to make sure that the business reaches objectives, achieves effectiveness and efficiency and while doing this trying to get a balance in which they can satisfy different stakeholders.One of the most important functional areas of a business is marketing. Marketing provides the organization with information, which allows the organization to make decisions on the demands of the consumers, changes in the market as well as any strategies of competitors. This contributes to effective management because it allows the business to make sure that they provide the right product or service to consumers. This is very important for management because if the business does get this wrong then the survival of the business is under threat. To make sure that the business provides the right good or service, the marketing manager has to gather all the relevant information and distribute it to other areas in a way that will benefit the organization as a whole. Information can be used to help management plan their objectives and strategy's, which can be very effective for the business.Marketing interacts with functional areas through the planning process. Businesses need to plan for the future and the marketing plan is part of this. The marketing plan shows the current situation of the business and where it wants to be in the future. This helps set the objectives and plan how these objectives will be achieved. It helps the business set targets and then evaluates the results to make sure that the business is performing efficiently and effectively.The information that is gathered by the marketing department needs to provide other areas with this knowledge. A production department would find the information from marketing very useful because they need to make sure that they are making a product that will satisfy the consumers wants and needs. This interaction contributes to effective management because if the production department didn't interact then the wrong products could be produced, which would be very costly for the business.Marketing also interacts with the finance department, which allows the business to perform effectively. Finance will need to know information from marketing to make sure the business had sufficient capital in order to finance any materials or equipment for new products etc.Marketing doesn't always contribute to effect management. If the business lose sight on which consumer group they are satisfying or changes in demand then this could lead to decrease in sales.Management of a business would find it hard to function...

Find Another Essay On How do the main functional areas of a business interact and contribute to its effective management?

1 HOW HAS HARPER LEE USED SYMBOLISM AND/OR NARRATIVE PERSPECTIVE TO CONTRIBUTE TO YOUR UNDERSTANDING OF THE MAIN IDEAS IN “TO KILL A MOCKINGBIRD”?

901 words - 4 pages people reject her. The Ewells are considered 'trash' and white people want nothing to do with them and the black people don't want them because they are white. Exclusion from society has forced Mayella to try better herself, however, her only attempt at doing so has caused her a great deal of trouble. Harper Lee uses the symbol of flowers to convey the main themes and ideas of the novel. From Miss Maudie's beautiful but acidic azaleas to Mrs

Functional Areas of a Company Essay

2934 words - 12 pages that the various department do has been described above but how they achieve their objectives through doing their duties is very important to the growth of the College. One of the main objectives of the college is to ensure that all their students meet all their qualifying examinations and coursework that they need to achieve to proceed to a higher level. This is partly the responsibility of the General Studies

Does social responsibility in a business contribute to its profits?

1062 words - 4 pages ƒÞNowadays there are lots of companies. Business is an organization that strives for profits for its owners while meeting the needs of its customers and employees and balancing the impact of its actions on other stakeholder. The main aim of it is making profit. On the other hand, they also have some social responsibility. Responsibility is using one's property (both tangible and intangible) in a manner that does not unduly infringe on

Functional Areas of M&S and KFH

7828 words - 31 pages I will talk about functional areas of M&S and KFH. through Comparison and contrast of how they contribute and operate their functions, as will as the structures, also my task is, to evaluate the benefit and disadvantages of their functions, finally, try to explain my opinion about how well the two companies run there business. In 1884-1907 Michael Marks formed a partnership with Tom Spencer,in 1908-1931 The St Michael trademark

The characteristics of Buddhism and how they contribute to the creation of a dynamic, living religious tradition

852 words - 3 pages . They are, at times, considered to be Buddhism's equivalent to the Christian Ten Commandments. If they are not followed, mistakes are learned from. So, Buddhists strive to live by the precepts and lead a moral life, be mindful and aware of their thoughts and actions and develop further understanding of their religion.However, how do the Four Noble Truths, the Eight-Fold Path and the Five Precepts become from existing as theories to a realistic and

KPMG: Four Functional Areas of Human Resources Management

2056 words - 9 pages force them to get the results they want. All their formal appraisals are ensured validation and reliability by their annual calibration process with relevant peers to discuss how to meet management objectives. Compensation and Benefits At KPMG their main focus is on attracting top talent. They do so by rewarding their employees through their competitive base pay. The foundation of the total pay package is made up of the base pay, along with

Explore the ideas expressed in George Orwell's Essays through analyzing its construction, content and language. Examine how particular features of the text contribute to textual integrity

5277 words - 21 pages : this is called PACIFICATION". Through this link, Orwell highlights how language has become debased and the complete deflation of its true meaning.Despite all this disapproval of our corrupted language, Orwell still adheres to the fact that "language is a natural growth and not an instrument which we shape for our own purposes". His idea of a powerful language being clear and concise rather than being muffled and veiled by six main reasons that

How did Leni Riefenstahl contribute to the values and culture of Nazi Germany? Was Leni Riefenstahl a Nazi?

1894 words - 8 pages , and I felt I was being a coward, but I knew he would not enter into a dialogue under any circumstances. He would have instantly stood up and taken his leave." IVTriumph of the Will promoted a happy Germany and presented the popular appeal of Nazism. There is no promotion of the evils of Nazism at all, and as Individuals in Modern History suggests:"Viewers are to ignore what has even said or written about Nazism, and its book burning, anti-Semitism

How does the setting contribute to the theme of Harper Lee's "To Kill a Mockingbird"?

627 words - 3 pages Harper Lee's "To Kill a Mockingbird" takes place in a small southern town of Maycomb, Alabama during the early 1930s, where prejudice was at its peak. The story unfolds through the eyes of a six-year-old girl named Scout Finch. The universal truth applied in this book is the different forms of prejudice existing in a discriminatory society. The setting of the novel enables us to come to a better understanding of why certain events happen under

How does syntactic and semantic knowledge contribute to our understanding of a piece of text

2426 words - 10 pages is called a saccade, which takes between 10-20 sec and ranges between 7 and 9 letters in length.(Rayner,1998)the processes that determine where the next saccade goes are occurring during most of there fixation period thus comprehension and planning operate in parallel. In is important to understand how fixations are controlled but in order to do this we need to look at the concept of the effective visual field or perceptual span. The latter is

What do you consider to be the main features of the Japanese Management System?

2412 words - 10 pages IntroductionIn this essay I am going to argue that the Japanese organisational structure and quality initiatives are the two main feature of the Japanese management system. I will put forward the theory that the pre-quality orientated organisational framework was very much suited towards the introduction of quality management initiatives.Main Text"There was a time when the differences between the market-orientated British employment system and

Similar Essays

Imagine That You Are A Manager In A Particular Functional Area Integral To Effective Functioning Of Your Position And Area Of Responsibility. What Security Concerns Do You Need To Address?

979 words - 4 pages As a Retail Floor Manager (RFM) for the largest indoor shooting range and firearm retail sales facility in the Southwest, I find it very difficult to quantify the amount of security concerns associated with this position. My main objective in the security arena, I would have to say, would be loss prevention, not only for the sake of our company, but also for the protection of our community, as 70% of the homicides committed in the U.S. are

Functional Areas Of A Business Essay

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

Compare The Play "Pygmalion" By George Bernard Shaw With Its Film Version "My Fair Lady". Which Do You Find More Effective Work Of Art And Why. Use Quotes

1908 words - 8 pages work, and soon after women got their independent vote in 1920. Thus Pygmalion has a strong sense of feminism and independence as one of the leading themes to guide the characters on, especially Eliza.Eliza throughout the play is striving to prove how women should be independent and not rely on men in order to lead a life. Both movie and play shows us that when Higgins turns Eliza into a duchess, he didn’t give her just class and status but he

How Does The Management Of People Contribute To Effective Organisational Behaviour, Development And Good Health In Respect Of Leadership?

3103 words - 12 pages The aim of this essay is to analyse how the management of people; and in particular the leadership of people; can contribute to effective organisational behaviour, development and good health. In order to do this it is important to define effective organisational behaviour, development and good health, consider all the factors that can contribute, before looking specifically at how leadership can contribute.Defining effective organisational