Departments of Business

• Human Resource (HR)

  • Function: Using and developing people within a business in order to meet the objectives of the organization.
  • Job Roles: Recruitment
  • Importance: aligning its practices and policies with the strategic goals and objectives of an organization
• Finance

  • Function: Practices and activities focused on managing a business's financial resources to generate profits
  • Job Roles: Allocating resources, budgeting, accounting
  • Importance: Enables businesses growth as it is responsible for generating income
• Marketing

  • Function: Promotion, selling, product/service management, marketing information management, pricing, financing and distribution.
  • Job roles: Attracting customers and selling its products and service while increasing brand awareness.
  • Importance: It links the business to the customer by identifying and meeting the needs of customers profitably.
• Operations

  • Function: The administration of business practices to create the highest level of efficiency possible within an organization.
  • Job roles: Production, quality control, buying raw materials, forecasting information.
  • Importance: It helps effectively manage, control and supervise goods, services and people