A business has to execute many various tasks on any given day. Here are a few instances of business departments and duties that they accomplish.
When we look at the various departments in a company hierarchy, we will find the board of directors right at the very top of that hierarchy. This board is composed of some members and is chaired by the president of the board, who have a personal interest in how the company is run, but typically do not have a direct influence on how the business is run on the every day basis. Instances of such bodies feature the Telecom Italia board. The board’s principal aim is to guarantee the long-lasting prosperity of the organisation by collectively directing the affairs of a company. The board meets on a frequent basis as a way to talk about and vote on significant matters that impact the future of the business.
Any possible business you can envisage earns a revenue by selling a specific good or service. As a way to have a product that will bring them the said profit a great deal of thought has to go into building one. The research and development department in a business is an example of department that is concerned with developing brand new products as well as improving existing ones. It is one of the most important aspects of any corporate organization as it helps them to supply a product that customers want in the most reliable and cost-effective way possible. Absolutely all companies engage in the R&D process for their products. Some businesses outsource these activities to specialized businesses, while others have specialized R&D departments that work towards developing their products. Some cases of companies that have their own R&D departments include Proctor and Gamble’s research and development department. R&D is often the first step in the development process of a product, and it is one that lets it to stay on top of its competition.
A business uses numerous kinds of tools as a way to produce a specific product, and arguably one of its most significant sources are its staff. This is exactly why all companies have a special department to manage this asset called the human resource department, like the National Geographic Society's HR department. This department is concerned with many different tasks, which include recruitment and selection of brand new workers; training and development of current staff; employee relations and grievance procedures; health and safety measure to guarantee that workers work in a safe environment. In the recent years the HR role have gained an especially significant position in the organizational structure of a company, as there is a continually growing need to recruit workers that are especially fitted for the job and the general work environment of that particular firm.