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Copyright 2005 – Biz/ed Functional Areas of Business What do the different parts of a business do?
Copyright 2005 – Biz/ed Functional Areas of Business
Copyright 2005 – Biz/ed Human Resources
Copyright 2005 – Biz/ed Worker Representatives Staff Associations Trade Unions
Copyright 2005 – Biz/ed Customer Services
Copyright 2005 – Biz/ed Marketing/Sales
Copyright 2005 – Biz/ed Market Research What do customers want? How much will they pay? Can we provide the good/service at a profit? Where will we find this information?
Copyright 2005 – Biz/ed Market Analysis Who do we sell to? How much do we sell to different groups? Are there new markets? Who are our competitors?
Copyright 2005 – Biz/ed Market Strategy What price? The product? How do we make sure people know about us? Where should we sell our products?
Copyright 2005 – Biz/ed Sales Team Local Regional National International
Copyright 2005 – Biz/ed Research and Development
Copyright 2005 – Biz/ed Administration/IT Support
Copyright 2005 – Biz/ed Clerical work Reports on Meetings Reception Communications - e.g. receiving telephone calls, greeting visitors Filing and Recording Sorting Mail
Copyright 2005 – Biz/ed Technical Support Hardware - e.g. computers Software support - e.g. accounts software Network Management
Copyright 2005 – Biz/ed Production/Operations
Copyright 2005 – Biz/ed Finance and Accounts
Copyright 2005 – Biz/ed Cash Inflows Revenue from sales
Copyright 2005 – Biz/ed Cash Outflows Paying for materials and equipment Wages
Copyright 2005 – Biz/ed Capital Loans Shares
Copyright 2006 – Biz/ed Business Functions and Organisation.
Learning objectives © Boardworks Ltd of 34 Learning objectives What different functional areas exist within businesses? What activities does each.
Copyright 2006 – Biz/ed Organisational Structures BTEC Business.
Copyright 2006 – Biz/ed Business Strategy.
Sweet Heaven You have just set up a business – selling high quality, unusual confectionery. The small shop is on a busy high street and you also have created.
LCS Area Board Running a business © LCS Area Board – v2.2.
Copyright 2007 – Biz/ed Ratio Analysis.
Klarissa Sadler Business Functional Areas. Business Human Resources Finance Research & development Operations Marketing and sales Administrations & IT.
Objective: Understand the six activities/functions that are critical to operating a business.
Copyright 2004 – Biz/ed Costs and Budgeting.
Ir. Muhril Ardiansyah, M.Sc., Ph.D.1 Foundation Of Information Systems In Business.
What information do marketers need?. I. What helps businesses make better decisions? Understanding consumers differences Expanding choices to satisfy.
Copyright 2005 – Biz/ed Market Research.
Copyright 2004 – Biz/ed Using the Web in studying A Level Economics Andrew Ashwin Content Developer Biz/ed Chief Examiner Business.
What is Marketing?. Primary Learning Objectives Define Marketing Understand the difference between a good and a service Understand the seven functions.
Business Plan Executive Summary. Introduction Importantly: Be clear and concise Complete all sections Limit response to 1 slide per Topic (2 max) Welcome.
Copyright 2007 – Biz/ed Business Strategy.
Walnut Investing Process Walnut Venture Associates November 1999
Benefits of a Business Development Strategy Provides direction & vision Contributes to informed decision making Increases competitiveness Builds on strengths.
Induction to Grid Computing and.
Understanding commercial issues for an IT consultancy business Leeds Source-IT Alison Marshall 4 November 2009.
Introduction to Small Business Topic 1.1 Spotting a business opportunity.
WHAT IS AN ECONOMY?. Economy or Economic System The way a nation makes choices. These choices involve how the nation will use its resources to produce.
Personalisation Implications for the workforce. On the internal workforce –What does the new agenda mean for social care staff? –What changes will we.
TLC COLLEGE Wolverhampton How to access funding streams TLC College and Black Country ICT Gateway Experience.
Operations Management Production is the creation of goods and services Operations management is the set of activities that creates goods and services through.
A.Take the customers telephone number and call if the business decides to stock the printer B.Offer the customer free ink cartridges if a computer is.
Valley At Work June 7th 2011 BUSINESS PLANS & MARKETING.
Rural Development Support Team EU Turkish Cypriot community support Rural Development Call for Proposals (CfP) Increasing Competitiveness, Diversification.
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