Different Types Of Business Functions

Running a business is a like clock with several clogs working inside together to make the clock work. Just like the clogs inside the clock there several clogs inside a business that keeps the business alive and running throughout. These clogs are called business functions. Each function plays a unique and significant role to keep the business successful. These functions are normally divided into departments in companies. Although they are different from each other they depend on each other for them to successfully work. Let us go through the different types of functions and how they contribute towards the organization’s success.

The human resource department is a function that focuses on the human resource factors – everything related to employees. They advertise for new staff, train and monitor progress of current employees, give out promotions, etc. They are an important cog in the business as without them employees will have trouble with work. They sort out problems of employees related to health and safety, terms and conditions of the work place and including salary and wages.

A lot of people consider the finance function as one of the important functions in a business. This is because the existence of the business will depend on a regular income level. Without which the company’s future will in question. This department is responsible for accounting services Hong Kong, auditing services, and checking if cash flow is constantly increasing so that the company doesn’t go broke. Today there many companies that provide this function as an outsource company.

The sales function of the business is a one of the functions that keeps pushing the company forward. No matter how good your products or services if they aren’t being sold, the purpose is lost. Depending on the product or service that the business offers the customers – the sales function will have different goals and objectives. Visit http://www.muehlermckay.com/service/corporate-services/company-secretary/.

Administration function sets the goals and objectives for the respective functions and the whole of the businesses. They look into making arrangements for meetings, purchasing office equipment, etc. They are mainly the decision makers for a majority of the things on behalf of the business. For example they see if it is profitable for an investment in to another business. They make sure that all functions run and function together both independently and dependently without any problems.

A new function that has risen with evolvement of business is customer satisfaction. A customer’s expectations from a business are very specific and high. A company must meet these demands at least provide alternatives.