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In this assignment I will be explain the interaction of functional areas and how they relate to each other. I will also be chosen two selected business and they are Barclays bank and NHS. I will be also adding in their functional areas and their aim an

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Introduction

M3:- Explain the interaction of functional areas and how they relate to each other in two selected business. In this assignment I will be explain the interaction of functional areas and how they relate to each other. I will also be chosen two selected business and they are Barclay's bank and NHS. I will be also adding in their functional areas and their aim and objectives. Barclay's bank is a private sector and 27 million customers and clients in more than 50 countries. In Barclays we have more than 127,000 people dedicated to a single aim: to create value for our customers and clients. We returned a profit of �4.1bn in the first half of 2007 thanks to our portfolio of businesses, which is unique in the industry, our growing international presence, and our innovatory people. Their main purpose of Barclays bank is to be a growing, pioneering financial services business delivering, benefits to customers, members, communities through commitment to value, fairness and social responsibility The NHS was set up in 1948 and is now the largest organization in Europe. ...read more.

Middle

They also inform us about the new deal that they have realised. To give the, service from the government and to the customer needs. To gather ideas and to share any updates to the nation and of course on important information. In order to share the company across to, work on efficiently. National Insurance Contributions: other services that provide within the company, managing health, safety and the environment Distribution Distribution deals with the transferring of products from the supplier to the customers. There needs to be an accurate and efficient system in place to monitor the location and the status of all of these movements. Businesses try to keep their distribution costs down and constantly look for more efficient ways of moving products from warehouse to retail outlets or from retail outlets to their customers. Distribution in Barclays bank and NHS efficient customer service and efficient security system. They also Easy to locate due to their local branches and Leaflets of different services. Finance Businesses need to keep records of all money coming into and leaving the business. These records allow the business to track its finances and assist it in controlling it spending and income levels and ultimately, calculate whether the business is breaking even, operating at a loss or making a profit. ...read more.

Conclusion

The sales section employs experienced members that can answer many of the questions and queries posed and deal with any doubts the customers may have. Barclays bank deal directly with the customers marketing and sales and they provides advice on best purchases and they maintains contact with existing orders. Both companies contact new customers marketing and they check if the customers are getting the information they need. They check the price and think how they can get more customers to buy the products. Research and development The main functional of the department is only to design new products andand services, but also to work out the most efficient method of producing or offering them. The department will also randomly test products being manufactured to make sure that they meet quality standards and it will test competitors' products to see whether the organisation's products compare favourably with them. It will also keep a close eye on technological advances to see if design and production processes can be improved. Both of the companies research other banks and compare themselves. They always ask for opinions from customers and see what their wishes are and they prove their products and the service. ?? ?? ?? ?? First diploma in Business Unit 1 1 ...read more.

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