critical (adjective, crit-i-cal, /ˈkrɪt̬ɪkəl/) business (noun, busi-ness, /ˈbɪznɪs/) function (noun, func-tion, /ˈfʌŋkʃən/)
Definition: includes vital processes and operations, without which a business cannot operate effectively or remain feasible. If one of the critical business functions is interrupted, it may cause a business or a company to face severe financial, economic, or legal losses, or even jeopardize the existence of a company overall. When a critical business function is being interrupted, the fastest possible restoration of it becomes the most crucial objective of a business. Critical business functions may vary depending on the company type and the field of its operations; however, they typically include such processes as sales and production.
In a Sentence:
- The critical business functions of our company help us support and achieve our major business goals.
- If you wish to fulfill your company’s mission and role, you should use the resources you have to support its critical business functions.
- We cannot interrupt the production for more than a day. It is the critical business function of our company.
Synonyms and related words: business operation, business objective, financial risk, economic loss, critical infrastructure
