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Business Studies - Coggle Diagram
Business Studies
Human Resources
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Effectiveness
Bench marking against key variables, corporate culture, levels of disputation, absenteeism, accidents, changes in staff turnover, worker satisfaction.
Role
The strategic role of human resource management is to maximise the contribution of human effort for the least possible cost and developing relationships between employers and employees to help achieve business objectives.
Finance
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Role
The strategic role of financial management involves the planning, implementing and controlling of a business's financial resources in order to achieve objectives.
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Marketing
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Role
The strategic role of marketing is to help achieve the overall business goal of profit maximisation through its activities designed to plan, price, promote and distribute products to customers. It also aims to increase market share and maximise customer service.
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Operations
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Role
The strategic role of operations management is to ensure that a business produces goods and services efficiently to satisfy the needs and wants of customers.
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