The important departments in an organization

Shaharu B.

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The important departments in an organization

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Abstract

An Organization may be a manufacturing firm, a business concern, and an Insurance company, Hospital, University or A Service Industry. It may be small or large, Simple or complex. An organization is a human grouping in which work is done for the accomplishment of some specific goal.
Human beings are the important resource for the organization like any other economic resources without which the other inanimate assets are worthless. "People are an organization's most Important Asset".

The management of Man is a very important and challenging job because it is a job not just of managing men, but also of administering a social system. It is very challenging because of the dynamic nature of the people. No two persons are similar in mental abilities, sentiments and behavior. They differ from each other widely and are subject to many varied influences. People are responsive, they feel, think, and act; therefore they cannot be operated like a machine or shifted or altered like a room layout. They therefore need a tactful handling by management personnel. So Human Resource has gained more importance.

Human resource department
1. Introduction
2. Meaning
3. Definition
4. Recruitment
5. Recruitment policies and procedure
Training and development
Performance appraisal
1. Performance appraisal
2. Promotion
3. Promotion policies
Quality control department
1. Introduction
2. Meaning
3. Quality control structure
Marketing department
1. Introduction
2. Meaning
3. Objectives
4. Importance of marketing
Marketing functions
1. Branding
2. Advertizing
3. Pricing policy
Organization
1. Charecterstic of the organisation
Production and implementation department
1. Introduction
2. Functions
3. Enterprise resource planning
4. Benefits of enterprise solution
5. Customer relationship management
6. Supply chain management
Finance department
1. Introduction
2. Definition
3. Importance of finance
Objectives
1. Profit maximization
2. Wealth maximization
3. Other objectives
Ffunctions
Summary
1. Production and implementation department
2. Marketing department
3. Quality control and development department
4. Finance department
5. Human resource department: (HRD)

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[...] So marketing plays an important part in the economic system of a country. Marketing is a sum of several distinct activities that facilitate the flow of products from the producers to the final consumers. Efficient marketing reduces the cost through the efficient utilization of the available resources, which in turn reduces the cost of the product. It integrates various sectors of the economic such as Communication, Manufacturing. It mobilizes the potentials and untapped energy for economic development. It inspires innovative and entrepreneurs to take up new activity. [...]

[...] the net present worth of the organization in the long run. The wealth maximization which are created by the organization are reflected in the market value of the equity shares of the organization. Maintain proper accounts of receipts and expenditure, receivables and payments and get the same audited by the statutory auditors, prepare profit and loss account and balance sheet at the end of every financial year as prescribed by the statutory needs. Co ordinate the activities of all departments by allocating the resources as and when required by each department. [...]

[...] The men and women who make up an enterprise regard for well being of the individuals and of the working group to enable them to make their best contribution to its success.” As per the HUMAN RESOURCE MANAGEMENT NEW YORK “Personnel Administration is concerned with developing and utilizing the manpower resources of business to the optimum extent in achieving the objectives of that business.” H.R.DEPARTMENT RECRUITMENT: Recruitment is a process by which the organization will fill its job vacancies. This is but discovering of potential candidate for the actual or anticipated organizational vacancies. [...]

[...] ERP have been developed to solve this problem namely to create an information system for the entire organization and its various functions and departments that provides seamless integration of information from different sources and functions. An ERP system consists of set of integrated business applications or modules, to carry out most common business functions, including inventory control, general ledger accounting, accounts payable, accounts receivable, material management planning, order management, Human resource and others. An ERP uses a common database and common set of definitions hence, its various modules can communicate with each other. [...]

[...] The most important financial report includes Balance sheet, Income statement, and statement of changes in financial position. A balance sheet shows a company's assets, liabilities and net worth. An income statement is a report of a firm's revenue and expenses during a certain period. A statement of changes in financial position tells the amount and sources of incoming funds and how funds were spent during a period because of all this the financial department plays a vital and decisive role, towards the achievements of the organization goal. [...]

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