business (attributive noun, busi-ness, /ˈbɪznɪs/) function (noun, func-tion, /ˈfʌŋkʃən/)
Definition: is an operation, a process, or a number of actions that are implemented in order to carry out a business’s mission, to reach its goals, or to accomplish one of the organization unit’s responsibilities. This term is the most prevalently referred to as a specific business component, which is responsible for one separate, major segment of the organization’s operations. Business functions may include production (especially if we are talking about a manufacturing company), marketing, sales, personnel function and human resources, accounting, customer response tracking, finance, etc. The way to determine the major business function of an organization will depend on a specific type of business and the role this organization plays on the market.
In a Sentence:
If your company is a large enterprise, you might want to divide it into business functions in order to make the operations more efficient.
Assigning specific goals to each unit of operation and dividing your company into business functions will help you achieve more of your business goals.
We were trying to boost our performance, but nothing worked until we divided the tasks and started paying more attention to the separate business functions.
Synonyms and related words: productivity function, accounting function, research function, distribution function, personnel function