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functional areas - Coggle Diagram
functional areas
Human resources- responsible for everything to do with the staff who work there
health and safety e.g making sure everyone knows what to do in a fire or how to operate machinery safely
performance reviews- assess how well an employee is doing
training employees - inductions to introduce new employees to the work place
sort out employee conflicts and disputes
recruiting and selecting employees including advertising the job, shortlisting candidates, interviewing
deals with dismisals and redundancies
Marketing- responsable for researching the market & finding out customers opinions. Marketing mix refers to the 4Ps:
price - pricing the product to make a profit
promotion. - how customers are informed about the product and persuaded to buy it
place - how the product is distributed to customers
product - how product is designed to make it something that customers want to buy
Finance- functional area that looks after all the money
reports on financial performance - prepares reports assessing how well the business is doing eg. break even, profit, or loss.
monitor cash flow - prepares budgets to see how much money is available
organising and allocating money - insures that money is given to other departments
Operations- functional area that manages the production area
make sure products are delivered on time (logistics) using the right company and sending packages out promptly
work out how many products to be produced and when.check sales and stock to see what is popular
how to produce the product