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Business Functions (Marketing (Pricing: Setting and communicating the…
Business Functions
Marketing
Pricing: Setting and communicating the value of products and services. Setting the price at the right level.
Product/Service Management:
Designing,developing,maintaining,improving,and aquiring products and services that meet consumer needs.
Distribution:
Determining the best ways for customers to locate,obtain,and use the products and services of an organization. Involves moving the product each step from the deign idea to the consumer.
Marketing-Information Management:
Obtaining,managing,and using information about what customers want to improve business decision making, performance of marketing activities, and determining what will sell.
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Promotion:
Communicating with customers about the product to achieve the desired result--customer demand for and purchase of the product. Includes advertising, personal selling, publicity, and public relations.
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accounting and finance
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Reporting – preparing financial reports, e.g. P&L, Balance sheets and budgets
Financial Controls – to avoid errors, fraud and theft
Operations Management
Designing; designing is start with the product development, including the various features and characteristics of the products to be sold. It is closely assessed with the customer expectations and grown product design in detail. Maintain the layout with the full facilities, machineries to use in production, in system design information system is very important to improve the performance through monitor and controlling.
Planning; system planning is describe as how management utilize the available resources to cope with the various situation. Planning process is helps organisation to cope with changing environment situation, for instance may be with changing in demand will be increase or decrease.
Managing: Team work is very important and necessary part of successful operations. They are managing the system through employee encouragement which is effective in improvement and better performance. It has including training, leadership and culture.
Coordinating; this is a very important stage and way of interrelating things by various part of the work. It is coordinating between various roles and responsibilities of the job with staff and operational team. This is a two type of integration reporting to your manager as vertical form and horizontal reporting is within your team members and colleagues.