business function

• General Management Function:

  • Effectively communicate shared vision, mission and values.
  • Set direction and establish priorities for their business.
  • Develop effective strategic plans.
  • Understand changes in the business environment on an on-going basis.
  • Ensure that the business meet their deadlines.
• Administration Function:

  • Make reliable information available to management on time.
  • Handle complaints quickly and effectively.
  • Use modern technology efficiently.
  • All documentation is kept neatly and orderly in a safe place.
• Financial function:

  • Draw up accurate financial statements timeously / regularly.
  • Keep financial records up to date to ensure timely / accurate tax payments.
  • Analyse strategies to increase profitability.
  • Accurately analyse and interpret financial information.
• Purchasing Function:

  • Businesses should buy raw materials in bulk at lower prices.
  • Required quantities should be delivered at the right time and place.
  • Monitor and report on minimum stock levels to avoid stock shortages.
  • Effective use of storage space and maintain product quality while in storage.
• Production Function:

  • Select the appropriate production system.
  • Accurately calculate the production cost.
  • Empower workers so that they can take pride in their workmanship.
  • Products must meet customers' requirements by being safe. reliable and durable.
• Marketing Function:

  • Win customers loyalty by satisfying their needs and wants.
  • Identify competitive edge and conduct regular market research.
  • Communicate effectively with customers to get their feedback about their experiences of the products and services sold.
  • Ensure that the production and advertising strategies are aligned.
• Public Relations Function:

  • Dealing quickly with negative publicity.
  • Providing regular / positive press releases.
  • Positive feedback from public surveys on business image.
  • Complying with recent legislation.
• Human Resources Function:

  • Makes sure there is a good recruitment policy that attracts best candidates.
  • Good relationship with employees.
  • Low rate staff turnover in the business.