Three company departments and descriptions you need to be knowledgeable about

In countless aspects a company is like a living organism, with different parts performing various operations to continue the whole structure functioning correctly. Read on to read more.

Research and Development, or R&D for short, is just about the most indispensable departments in a company hierarchy. The people working in this department are in charge of evolving brand new solutions or goods that the company can then sell on to the consumers. Research and development departments at huge providers, like Procter & Gamble research and development department, that sell a lot of consumer goods can consist of hundreds of men and women! Unlike many other operation activities, research and development activity is not envisioned to make immediate profit. In reality, this procedure can sometimes take a very long time, but it is something that companies absolutely ought to invest in if they want to make a gain in the long word. One thing to take into account is that the actual tasks performed by this department can vary significantly from one company to the next – depending upon what the firm offers to its clients, research and development can seem vastly different.

Any corporation is set up to help make a profit. This implies that they will be offering some kind of product or service for the customers to buy. In an effort to offer a service or a nice that the consumer will actually purchase, the firm first ought to know what goods are needed on the market. This is done primarily by gathering important information on the relevant customers, a task conducted by the marketing department which takes a major location in the functional organizational structure. Smaller providers might outsource these tasks to marketing firms, but bigger ones will have departments dedicated to this, like the Nestlé marketing department.

Managing a business might be a hard task, especially if the business is of a considerable size. At every level you will find folks who are managing several departments and who are in charge of unusual tasks. These managers take all sorts of decisions that will affect the company in both short expression and long word and they sometimes opt the team organizational structure. At the top of the organizational structure of a company you will find what is know as the board of directors, like the Telecom Italia board for example. In many ways they are like managers, but the decisions they take carry considerably more weight. The board of directors is headed by the chairman of the board, but they normally don't carry any executive power the way primary executive officer does. The members of the board typically have an annual meeting during which they can vote on important decisions. There they can establish goals and direction for the company and make an approximate plan as to how to achieve these goals.

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