Business Functions and Organizations

Business Functions and Organizations

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Business functions are those activities that your company uses to produce products and services for its clients. These core operations assist your business to generate profits and improve the effectiveness of your processes.

You know who you should be rewarding when a particular department within your business performs at a high level. When a mistake occurs in an area that is clearly defined you are able to pinpoint the person accountable. If the definition of a function is unclear, it could lead to confusion and overlap between departments.

It is crucial to know the distinction between business processes and business functions to avoid confusion. A process is a sequence of closely related tasks that serve a specific purpose, while a function is a broader set of activities that are usually connected. For example HR’s business functions might be involved in disciplinary processes including hiring policies, training programs.

The right organizational structure for your business needs will depend on a variety of factors. These include your objectives as well as the challenges that have arisen, as well as the projects that are in high demand. However, to achieve the best results from your company, it’s essential that you take three steps: align yourself with a value-creation narrative, take a BU-back approach to function design, and determine an archetype for your corporate functions.

Affiliating yourself with a value-creation narrative, taking a BU-back approach to the development of functions and determining a corporate-function archetype may sound complicated, but they will save your company time and frustration in the long run. This will not only eliminate the possibility of accidental overlap and unnecessary duplication as well as give your employees a clearer understanding of how their work contributes to the success of your company.

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