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
