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November 01, 2025, 06:01:10 am

Author Topic: Management Functions  (Read 1320 times)  Share 

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cleo_xo

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Management Functions
« on: March 29, 2010, 10:20:03 am »
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I'm trying to write definitions for the mangement of Marketing, Operations, Human Resources, Finance and R&D, ive looked through my study guides/ notes from the site but i can find any clear cut definitions, can anyone please help??

costargh

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Re: Management Functions
« Reply #1 on: March 29, 2010, 10:29:32 am »
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Oh cmon, sorry but this is one of the most basic things in BM. Even google search it. It's really of no importance anyway.

cleo_xo

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Re: Management Functions
« Reply #2 on: March 29, 2010, 10:47:16 am »
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sorry didnt realise i was asking a stupid question

costargh

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Re: Management Functions
« Reply #3 on: March 29, 2010, 10:50:55 am »
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its not neccesarily stupid, just common sense.

there is no clear cut definition of those terms anyway. many of them such as marketing and hr would have various definitions. its of no importance which one you choose. as long as its fairly correct

Aqualim

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Re: Management Functions
« Reply #4 on: March 29, 2010, 12:20:02 pm »
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Correct me if I'm wrong, but I don't think you'd really need a definition of the management functions, rather a basic outline of the roles they must complete within an organisation;
Finance (accounting) - Look after the financial aspect of an organisation and prepare Balance Sheets, Profit and Loss statements etc. and make decisions based on these figures
Operations (Production) - Monitor the production line of an organisation, and ensure they are meeting OH&S laws etc.
Research and Development - Are the inventors of an organisation, and decide on new products,services etc.
Sales and Marketing - They develop marketing campaigns in order to maximise their sales (fairly straight forward)
Human Resource Management - Look after the rights and welfare of staff within an organisation to ensure they aren't being discriminated against, receive fair wages etc.

I'm sure you can come up with better definitions than mine, they don't have to be word for word perfect, if anything you won't be asked to define REsearch and Development but rather be able to list conflicts which may arise against these functions of management.

cleo_xo

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Re: Management Functions
« Reply #5 on: March 30, 2010, 12:46:26 pm »
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Correct me if I'm wrong, but I don't think you'd really need a definition of the management functions, rather a basic outline of the roles they must complete within an organisation;
Finance (accounting) - Look after the financial aspect of an organisation and prepare Balance Sheets, Profit and Loss statements etc. and make decisions based on these figures
Operations (Production) - Monitor the production line of an organisation, and ensure they are meeting OH&S laws etc.
Research and Development - Are the inventors of an organisation, and decide on new products,services etc.
Sales and Marketing - They develop marketing campaigns in order to maximise their sales (fairly straight forward)
Human Resource Management - Look after the rights and welfare of staff within an organisation to ensure they aren't being discriminated against, receive fair wages etc.

I'm sure you can come up with better definitions than mine, they don't have to be word for word perfect, if anything you won't be asked to define REsearch and Development but rather be able to list conflicts which may arise against these functions of management.

thank you i was just following the study design and one of the points is typical management functions in large-scale organisations :)