Question: This week we will look at another business functions connection. As we are discussing the business functions, we are continuing to look at how the
This week we will look at another business functions connection. As we are discussing the business functions, we are continuing to look at how the organization operates. From this perspective, the business functions are management, operations, human resources, marketing, accounting, and finance.
The importance of the operations management function is critical to successfully providing the company's products. Parts of the operations management function are intertwined with the marketing function in designing the company's products. Then operations management must work closely with the finance function in determining the funds required or available are sufficient for delivering the company's products. There are many examples of companies who successfully did this and the resulting success of the firm. There are also many examples of companies who did not successfully and the resulting failure of the firm. For this week, discuss how the operations management function is interrelated and connected to the marketing function, HR, and the finance function.
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