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.