Question

1. Write and list your three primary functions of the business and shortly explain cach

Answer 1

Explanation:

1-  Techniques: Corresponds to the skills and knowledge needed to perform business operations

Commercial: These are related to the purchase, sale and exchange process.

Financial: It relates to the demand, analysis of results and management of costs and risks of a company

According to Fayol, there are still 3 more basic functions of a company, which are: security, accounting and administrative, which is related to and integrates the other five functions.

2- The policies and strategies of a company must be related mainly to its essential purpose, described in its mission, vision and values ​​statement.

It is necessary to have a clear and possible strategic business plan, which outlines long-term plans for a company to achieve success in the market.

As a leader, it is necessary to be aware of seeking to develop policies and methods that are aligned with the organizational structure and its values, it is important to seek to create an ethical and respectful work environment for all employees, with a focus on people management and their quality of work. It is ideal to align a policy and work procedures aligned with technology that makes work easier and faster, in addition to always seeking to establish clear and well-developed communication, to create an organizational culture that favors innovation, productivity and positive results in the micro and macroenvironment.