business studies mind map : Business Functions
- Created by: Lungile Cira
- Created on: 05-08-20 10:42
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- Business Functions
- General management
- A general manager (GM) is in charge of part or all of a company's operations, including generating revenue and controlling costs.
- Marketing
- Profitability using the result of studying short term and long term needs of those who can pay for a steady flow of service or product placement
- Human Resources
- the personnel of a business or organization, regarded as a significant asset in terms of skills and abilities.
- Public Relations
- Public relations is the practice of deliberately managing the release and spread of information between an individual or an organization and the public
- Financial
- an independent financial adviser
- Purchasing/Procurement
- Procurement concentrates on the strategic process of product or service sourcing, for example researching, negotiation and planning, whilst the purchasing process focuses on how products and services are acquired and ordered, such as raising purchase orders and arranging payment.
- Production/Operations Management
- process which transforms the input/resources of an organization into final goods (or service through a set of policies
- Administration / Information Management
- management is the administration of an organization , whether it is a business , a non-profit organization , or government body
- General management
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