HLS 625 Discussion Forum 3

HLS 625 Discussion Forum Name Institution Date HLS 625 Discussion Forum A business function is a description of activities that is performed in an organization or a company in order to accomplish the responsibility of one or more business units. There are basic functions in any business whether small or an enterprise. They include marketing, finance, and operations. A business consists of these three basic functions regardless of the business type (not-for-profit, government, private) (Brown, 2008). Operation function is concerned with the production of goods and services. The finance function is concerned with allocating resources in an organization, and the marketing function is concerned with the promotion and availability of goods and services to the customers (Sergejs, 2010). Critical functions in an organization or company are those processes and activities that if interrupted in some way, will harm the continued existence of the company or the organization or even cause a company to carry severe economic loss (Steffen, 2014). Some of the critical functions in a local company include production, sales, and marketing. The functions are critical because the company must ensure production of commodities that is enough to meet the standards and demand of the daily customers. This is critical because the company is able to meet its finances at the end of the day through the sales; otherwise, the firm sustains serious economic losses. Marketing is critical because in order to sell its products, a firm must promote its products or services and make sure the product is available in the market (Ljubomir, 2014). In conclusion, a business function is a description of work or activities that is carried out in an organization to accomplish the responsibility of one or more business units. The three basic functions in an organization, finance, operations, and marketing are critical for the survival of any business organization. Any business regardless of type (government, private, not-for-profit) consist of these basic functions. A critical function of a business is a process or activity that if interrupted could jeopardize the existence of a company or organization or cause some serious economic loss to a company. References Brown, S. P. (2008). Business Processes and Business Functions: A New Way of Looking at Employment. Monthly Labor Review, 131(12), 51-70. Sergejs, H. Dace, ...