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Assignment 1 Warm Up Exercise

The three core departments of an organization - marketing, operations, and finance - are interrelated and vital to the organization's efficiency and profitability. The operations department manages production, marketing distributes products and services, and finance provides financial reporting and pricing strategies. Without one of these departments, the organization cannot achieve its main objective. Business organizations can fail for reasons both within and outside of their control. Internal reasons include poor quality control, late financial reporting, and bad management decisions. External factors involve a lack of competitiveness and an inability to keep up with market changes, leading to decreased sales and bankruptcy.

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Mariane Manangan
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44 views

Assignment 1 Warm Up Exercise

The three core departments of an organization - marketing, operations, and finance - are interrelated and vital to the organization's efficiency and profitability. The operations department manages production, marketing distributes products and services, and finance provides financial reporting and pricing strategies. Without one of these departments, the organization cannot achieve its main objective. Business organizations can fail for reasons both within and outside of their control. Internal reasons include poor quality control, late financial reporting, and bad management decisions. External factors involve a lack of competitiveness and an inability to keep up with market changes, leading to decreased sales and bankruptcy.

Uploaded by

Mariane Manangan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Manangan, Mariane L.

BSA 2-1

THE RELATIONSHIP OF MARKETING, OPERATIONS, AND FINANCE


DEPARTMENT TO THE ORGANIZATION

Every department in an organization has vital roles. Every department is interrelated to each
other to maintain or control the efficiency of the organization. Without the existence of one
department, the organization will result in unprofitability which breaks the main objective of an
organization. The Operating department manages the whole production process. They are
directly in charge of making or rendering products and services. The marketing department
handles the distribution of products or services. They give this assurance that the company offers
will get patronize by the customers. Lastly, the Finance department takes care of the records of
the company. They are in charge of surveillance of the organization’s wealth. They are giving
accurate, timely, and fair financial statements for the purpose of making sure that the decisions
that will be made by the significant stockholders (who hold the majority of the stocks of the
organization) are correct. They are also in charge of calculation of the unit price or selling price,
making it competitive in the local market.

           REASONS WHY SOME BUSINESS ORGANIZATIONS FAIL

If you would ask every business organization to the thing that they are scared about, they would
probably answer a single thing. The Bankruptcy, or in accounting term; “the company is no
longer going concern”. There is a various reason why some business fails. The common reasons
can be found inside the organization. The management is making an action based on the
performance of the company itself. The production might have poor quality control or the
accounting department might giving late and inaccurate financial statements. The fault is either
in the management’s wrong decision or in the departments of the company. Outside factors could
be one of the reasons why some companies undergo bankruptcy such as lack of competitiveness
of the company itself. The company no longer accompanies with the constant changes in the
market. The company will get left behind. If the company is no longer patronized by the
customers, the sales could go down to the point that the company’s income can’t even cover their
expenses (worst case scenario) that will lead to bankruptcy.  

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