The legal department plays a critical role in any organization, and in a global corporation, their function becomes even more vital. The legal team must have a deep understanding of the laws in every country where it operates. First Business English.
The IT department’s primary function is to manage the company’s computer networks, hardware, and software. They are responsible for installing, configuring, and maintaining all the technology used by the organization. First Business English.
The Operations department is a critical component of any global corporation. Its primary function is to ensure that the company’s day-to-day activities run smoothly and efficiently. First Business English.
The Sales department is an integral part of any global corporation. It is responsible for generating revenue and driving business growth by selling products or services to customers. First Business English.
The function of the marketing department is to create, promote, and sell products or services to customers that maximize the company’s profitability. First Business English.
The function of the finance department in a global corporation is to manage the financial resources of the organization in such a way as to maximize profitability and minimize risk. First Business English.
The executives at the top of the organizational hierarchy are responsible for making high-level strategic decisions that guide the company’s direction and ensure its long-term success. First Business English.
As the company grows it becomes important to have a structured approach to the business and that the company needs to define and implement a top down integrated collaborative structure. First Business English.
Corporate Social Responsibility (CSR) refers to the commitment of a corporation to contribute to sustainable economic development, environmental protection, and social well-being. First Business English.
The R&D department of a global corporation plays a crucial role in driving innovation, improving products and services, and maintaining a competitive edge in the market. First Business English.