If you want to learn a bit more about how a company is organised and its day-to-day functioning, make sure to read the following article.
A company uses numerous types of sources in order to create a specific product, and arguably one of its most important sources are its workers. This is precisely why all companies have a special department to maintain this resource called the human resource department, like the National Geographic Society's HR department. This department is concerned with all sorts of tasks, which include recruitment and selection of brand new staff; training and development of existing workers; employee relations and grievance procedures; health and safety measure to ensure that employees work in a safe setting. In the recent years the HR function have gained an particularly significant position in the organizational structure of a company, as there is a continually increasing need to recruit workers that are particularly fitted for the job and the general work environment of that particular business.
Any possible business you can imagine earns a profit by selling a certain good or service. In an effort to have a product that will bring them the said profit a great deal of thought has to go into building one. The research and development department in a business is an example of department that is concerned with developing brand new products along with improving existing ones. It is one of the most significant elements of any corporate organization as it helps them to offer a product that customers want in the most reliable and economical way possible. Absolutely all businesses engage in the R&D procedure for their merchandise. Some businesses outsource these activities to specialised companies, whilst others have specialised R&D departments that work towards building their products. Some illustrations of companies that have their own R&D departments include Proctor and Gamble’s research and development department. R&D is commonly the very first step in the development procedure of a product, and it is one that helps it to stay on top of its competition.
When we look at the various departments in a company hierarchy, we will find the board of directors right at the top of that hierarchy. This board is composed of different members and is chaired by the president of the board, who have a personal interest in how the business is run, but typically don't have a direct effect on how the business is run on the day-to-day basis. Instances of such bodies include the Telecom Italia board. The board’s primary objective is to ensure the long-term prosperity of the organisation by jointly directing the affairs of a company. The board meets on a regular basis in order to go over and vote on important matters that affect the future of the firm.