Key Functions of
Business Operations
Student, BA-101
Grantham University
Business Operations
When you first think of business operations,
you might think of the simple items or task
that are completed on a day to day basis by
the employees of the company. While these
items are general business operations, there
is a bigger picture and understanding the key
functions to that are critical to the stability and
profitability of the business.
Six Key Functions of Business Operations
Financial
Production
Legal
Business
Operations
Office
Operations
Marketing
Operations Management
This function deals with
the design and
management of
products, processes,
services and supply
chains. Operations
management guides the
overall direction of the
company goals.
Office
Management
Office management
assures that the
employees have the
proper tools to
accomplish the
responsibilities that
they are assigned.
Legal Management
Legal management handles important items like
contracts, licenses, warranty documents, etc. For
many small businesses, this might be contracted out
to a third party.
Financial Management
This division is
responsible for
monetary decisions
made by the
organization. It serves
as decision support
and assist in analyzing
in financial impact of
business activity.
Marketing
Marketing is responsible
for assuring the
customers know and are
informed about the
products or services you
have to offer. This can
be many different forms
of advertising such as
TV, radio, magazine, etc.
Production
Production management
handles the process of
incoming materials, to
the production process,
what’s going out the door,
and the feedback from
the customer. This helps
them make the
necessary adjustments to
fit the customers needs.
Input
Feedback
Process
Output