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The Dynamics of Business Functions

Updated on September 7, 2014
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The Dynamics of Business Functions

Volume 7, Issue 6, September 7, 2014

The dynamics of dimensional strategy and some of the most basic and elemental actions requires planning in its most basic form. Budgeting and planning the dimensions of the business plans is essential to the plan fitting together like pieces of a puzzle to form a perfect union. Four of the primary elements of business planning are strategy or strategic planning, operations, marketing, and finances. The four primary key dimensions of planning and arriving at a successful business.

So what is strategy and why do I need it? Strategy according to the Merriam-Webster online dictionary (http://www.merriam-webster.com) is a careful plan or method for achieving a particular goal usually over a long period of time. In other words it is behaviors or actions set in motion to achieve a goal. Functions that are put in place to achieve goals in the workplace or in the business are the functional elements that are put in place to perform goal oriented actions or a result or outcome. So why do I need a strategy? The reason is the goal is set in place to put the method into action and arrive at a result. Without having a strategy no one would know if the goal could be achieved or how it could be achieved. In other words the description of the method is what is described to achieve a result and it is called the method or operation.

Strategies need to be developed and put through a series of trials in order to find the optimal actions in an end result. The hypothesis is the beginning of this process in determining the feasibility of a strategy or action plan.

What is an operation? According to Merriam-Webster it is a process by which a business or organization performs in activities or actions to achieve a result. A procedure if you will in performing a function.

Marketing is the selling point of the product to achieve a result in selling a product or service. Marketing is the act or process of selling or distributing a product or service according to Merriam-Webster online dictionary. Marketing is a socioeconomic system to benefit exchanges of money for product or services and is the major selling point of your business. These experiences capture your audience the customer or consumer of goods and services.

In reaching the finances the budgeting for all of the four primary processes or methods is involved in every step of the plans. Finances are the way money is handled or used to fund each process according to the Merriam-Webster dictionary. When you look at other dimensions of the business and business plan it accounts for decisions and actions that each of the players or roles of the company employees take into action to achieve the resulting goal or outcome, either as a team or as individual contributors. From CEO to general employee there descriptive roles in the employee handbook or in the operations handbook are what results in an outcome.

In financing the outcomes and profits are looked at to determine how much revenue was generated from all of the strategies, actions, operations, and marketing in the business to generate revenue. This is when the percentages or dividing of the revenues could be earmarked for particular areas of operation in the company. Of course the most effective plans are the ones adopted and the percentages of monies to go to each of the projects are then evaluated yet again to determine its best method or strategic plans.

Without the dimensions of a company it does not allow a CEO to pinpoint what is the most viable strategic plan that he or she had to perform an action and result in a successful outcome. All of the dimensions are part of the development of a business plan and is written in a language that the person who is performing the functions understands. It is like the bible of the company and is an integral part of the development of a business plan.

When plans are performed the results are established via the outcome or revenues of a company this can also be interchangeable with establishing a business credit line when needed to obtain business loans.

References

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Kotler, P., & Keller, K.L., Marketing Management (13th Ed.). Upper Saddle River, NJ: Prentice-Hall.

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Perrault, W.D., Cannon, J.P., & McCarthy, E.J. Jr. (2009). Basic Marketing: A marketing strategy planning approach (17 Ed.). New York, NY: McGraw Hill.

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Internet:

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