what is marketing and explain interface with other functional areas
The relationship of marketing with other functional areas in an organization is quite important. The other areas include manufacturing, procurement, sales and accounting among others. The departments are interdependent.
manufacturing, procurement, sales and account are all interdependent with marketing
It is because production and operations management is interrelated to other functional areas of business such as the finance, the logistics, marketing, etc.
there are different fuctional areas, if you don't know then i suggest to look it up in google also then look up functional areas in tescos you know, what you would do when you find other stuff
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Functional strategies are organizational plans for marketing, human resources, research and development, and other functional areas. It supports both corporate-level and business strategies. I believe that functional strategies should be interdependent because a business after all reflects a system of interdependent and interrelated parts. All the functional areas of a firm must work in harmony and follow the set corporate strategy. Thus, functional strategies should be synchronized with each other and be aligned with organizational strategies. For example, a research and development strategy might be dependent on an investment or the hiring of new personnel to support the implementation.
Hi, a functional structure is one that organises employees around skills or other resources (eg.) marketing, production, finance. You have the chief executive at the top and like a family tree (CE as parent, following as children) - marketing, production, finance.
If functional areas work well together and communicate well with each other, there is a high chance of the business doing well; therefore the business will start to complete their aims and objectives.
because to achieve profit