Management Topics
IN THIS LESSON
One of the reasons for separating business operations into functional areas...
…is to allow each to operate within its area of expertise.
Just as different functions in the human body are performed and regulated by different organs, different functions within a business are performed and controlled by different parts of the business.
One of the reasons for separating business operations into functional areas is to allow each to operate within its area of expertise, thus building efficiency and effectiveness across the business as a whole. Functional areas in a business vary according to the nature of the market and the size of the business. To learn more about the key departments of a business, take a few minutes to absorb the material in this SME Toolkit video by the International Finance Corporation.