The activity or set of activities to produce, buy, or sell products or provide services in exchange for money is called as a business. Every organization needs some kind of investment and adequate customers thus products or services can be sold on a regular basis in order to make a profit. Being an MBA student, you are demanded to write a high-quality business dissertation in the final year that requires in-depth research and good writing skills. If you want to draft a meritorious business thesis, you must understand the basics of business.
Functional areas include specific departments in a business. These specialized departments carry out specific duties that assist the business overall. The main function areas of business are listed below:
Human Resources: The department of HR is responsible for hiring employees in an organization. The assets are hired in the industries or organization to grow and support the business. Human Resource managers provide direction for the people who work in the industry or organization.
Marketing: In marketing, experts discover the products or services that their organizations offer to the marketplace through marketing research surveys. It helps an organization to better regulate its strategies. Marketing professionals also decide budgets for various types of advertising i.e. television, radio, and Internet ads.
Customer Service: Customer care departments provide courtesy services to the consumers, such as accepting payments, paying checks and selling stamps. Furthermore, customer service representatives resolve queries and provide information to the customers.
Accounting: The major duties of an accounting professional do several duties in an organization including accounts payable, accounts receivable, and payroll. In accounting, the payments are tracked that the company owes to repair and maintenance vendors.
Finance: Most businesses focus on this area because when they need loans or investment for forecasting and budgeting plans. It is a branch of economics that involves resource allocation and investment. Basically, it deals with the subjects related to money and the markets in an organization.
Strategy: Every organization must create mission and vision statements to determine an easy way to access specific goals. Experts analyze the market to understand the competitive landscape and new opportunities.
Technology and equipment: It involves the equipment required to operate properly the business. It is necessary to have quality technology and equipment for marketing and sales purposes.
With this guide, we aim to provide you with dissertation ideas such as how to choose a business dissertation topic and to give useful advice on how to go about writing the research papers.
Business has a wide sector that can be divided into various functional areas. If you explore the function areas of business, you will find an array of interesting topics. Some popular business dissertation topics are listed below:
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