A company has to execute many different tasks on any given day. Below are just a few instances of company departments and tasks that they complete.
Any possible business you can think of 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 building 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 economical way possible. Absolutely all companies engage in the R&D process for their products. Some businesses outsource these activities to specialized companies, whilst others have specialised R&D departments that work towards building their products. Some instances of businesses that have their own R&D departments feature Proctor and Gamble’s research and development department. R&D is commonly the very first step in the development process of a product, and it is one that allows it to stay on top of its competition.
A company uses numerous kinds of sources as a way to produce a certain product, and arguably one of its most significant means are its staff. This is the reasons why all businesses have a special department to handle this resource called the human resource department, like the National Geographic Society’s HR department. This department is concerned with a range of tasks, such as recruitment and selection of new employees; training and growth of current staff; employee relations and complaint procedures; wellness and safety measure to ensure that staff members work in a secure environment. In the recent years the HR function have gained an particularly important role in the organizational structure of a company, as there is a continuously growing need to recruit workers that are particularly fitted for the job and the general work environment of that certain firm.
When we look at the different departments in a company hierarchy, we will find the board of directors right at the top of that hierarchy. This board is composed of different members and is chaired by the president of the board, who have a personal interest in how the company is run, but commonly do not have a direct effect on how the business is run on the daily basis. Examples of such bodies feature the Telecom Italia board. The board’s main aim is to ensure the continued prosperity of the organisation by jointly directing the affairs of a company. The board meets on a regular basis in an effort to examine and vote on significant matters that affect the future of the business.