Intro to buisness
Finance
Managing a company's funds, maintaining a general ledger, paying bills, billing customers, and cost accounting. Provides accurate, relevant, timely financial information to help users, both inside and outside the organization, assess the financial strength of the company.
Product Development
Responsible for activities that a company undertakes to innovate and introduce new products and services. Consists of everything that a company does to identify customer needs and designs products to meet those needs. Develops the benefits and features of products, including price and quality.
Human Resources
Responsible for managing the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees), administering employee benefits, and creating a framework to assess employee performance. Ensures that company culture is established and reinforced. Supports management in developing a strategic plan and in setting goals, objectives and KPIs (Key Performance Indicators)
Legal
Responsible for matters such as litigation, investigations, compliance, mergers, and acquisitions. Handles issues that may come up in the course of business, ranging from drafting waiver forms for employees to handling lawsuits from angry customers.
Sales
Responsible for selling products or services to generate revenue, increase profitability and to build and maintain relationships with customers to encourage repeat purchases and brand loyalty.
Information Technology
Responsible for the company's systems, networks, data, and applications all connect, function properly, and are secure. Ensures that each department has all the technical tools to accelerate the business and drive efficiency.
Marketing
Responsible for the planning and execution of the distribution and promotion of products and services to customers as well as the company brand. Responsible for lead generation and customer management through the phases of awareness, consideration, conversion, loyalty, and advocacy.
operations
Responsible for the planning, designing, and controlling the process of production to convert resources (labor, materials, money, information, etc.) into products or services. Ensures that the production process is completed from start to finish with maximum efficiency.
