14 Nov 2022

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Key Functions of Business Operations

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Academic level: College

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The main of a business is to generate profits to make sure that the operations run effectively. The procedures in an organization rely on the type and size of the business sector. The primary functions of the business operations include legal, marketing, financial, office, production, and services. The aims of the business operations are production, quality control, efficiency, flexibility and reliability (Lacoma, n.d.) . A business needs to understand the functions of their operations because they are essential for the profitability and continuous growth. The company integrates all the critical functions of the business operations to achieve their goals. 

Financial Function 

An organization has to achieve the set goals after some time. The function of the finance section is to assist the organization to define their goals to meet on time. The finance department helps the business to determine their profits and losses. A firm is in a position to assess their performance after receiving the financial reports from the finance department. The finance department plans to organize, directs and controls financial activities by utilizing the organization’s funds (Misra, Ravinder, & Peterson, 2016) . The members of the finance department make decisions on the management of the firm’s funds. An organization requires finances for paying salaries, purchasing stock, investments and funding the operations. 

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Production Function 

The production department is responsible for converting raw materials to finished products. The production section makes sure that the raw materials are adequate to process the products. The employees in the production department assess the systems and processes for easier monitoring of the activities (Singh, 2012) . The production section formulates measures and goals for every level of the manufacturing process. 

Office Function 

The office section comprises the managers and office. The administrative activities are carried out in the office department. The office section is responsible for monitoring the events in the organization. The employees in the office department oversee all the activities related to the organization (Misra, Ravinder, & Peterson, 2016) . The department is the main section of the organization. 

Marketing Function 

The marketing department is responsible for assessing the physical and physiological elements that influence the sales as well as the product image. The marketing elements affect the needs and preferences of the consumers. The marketing department organizes, plans, controls, coordinates and directs sales activities in the organization (Misra, Ravinder, & Peterson, 2016)

Operation Functions 

The operations department manages the manufacturing processes in the organization. The operations section controls organize, plans and integrate the resources for producing goods and services (Singh, 2012) . Further, the employees in the operations department manage human resources, technology, machines and data for the production activities. 

Legal Function 

A company needs an established legal department to manage the operational activities. The legal section assists the company to overcome the unexpected and presumed risks through incorporating the appropriate model in the operations (Singh, 2012) . The legal department integrates the practices and functions of the firm to increase the performance. 

In conclusion, the functions of the business operations are essential in its performance. The primary functions of the business operations include legal, operations, production, marketing, financial and office. The purpose of the business operation is to increase their production, efficiency, quality of product, reliability, and flexibility. A company integrates the primary functions of its operations to meet their strategic goals and mission. An organization should make sure that all the functions of the business operations are carried out effectively to gain a competitive advantage in the industry. 

References 

Lacoma, T. The Key Elements of Business Success from an Operating Perspective. Retrieved from https://smallbusiness.chron.com/key-elements-business-success-operating-perspective-21234.html 

Misra, R. B., Ravinder, H., & Peterson, R. L. (2016). An integrated approach to the teaching of operations management in a business school. Journal of Education for Business , 91 (4), 236-242. Retrieved from http://web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=6&sid=b6597e95-d87c-4f7d-b591-ab7cdf921013%40sessionmgr104 

Singh, P. K. (2012). Management of Business Processes Can Help an Organization Achieve Competitive Advantage. International Management Review , 8 (2). Retrieved from search.ebscohost.com/login.aspx?direct=true&profile=ehost...site... 

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StudyBounty. (2023, September 14). Key Functions of Business Operations.
https://studybounty.com/key-functions-of-business-operations-essay

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