Key Business Functions

Operational Plan

A short-term plan that helps a business manage and achieve its long-term goals.

Interdependence

The key business functions work best when they overlap and employees work towards common goals.

Strategic Plan

A long-term holistic plan or goal that requires the commitment of each of the key business functions.

Mission Statement

A written statement that summarises the vision and values of the business

Functional Structure

Activities or operations organised according to key functions and geographic factors.

Operations management

All the activities in which managers engage to produce a good or service.

Employment Relations

Covers all aspects of employment resourcing which include acquisition, development and motivating staff.

Operations

The business processes that involve transformation or more generally, 'production'.

Transformation

The conversion of inputs into outputs

Chain Of Command

The flow of authority from senior management down to supervisors and then workers.

Delayering

The removal of levels of management within a business.

Division

The separation of key business functions into spceialised units or departments.

Division Of Labour

The separation of power that occurs within organisations on the basis of responsibility and expertise.

Synergy

The whole is greater than the sum of the individuals parts.

Market Structure

Types of organisational design based around markets or consumer types.