BUS 237 Lecture Notes - Lecture 7: Treasury Management, Business Process, Accounts Payable

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 237
• Professor: Kamal Masri

Document Summary

Business determine competitive strategies: create processes to achieve strategies. They facilitate the work of a single department or function. Functions added to calculation system programs to provide more value: payroll expanded to become hr. Functional systems and the value chain: customer service, marketing, logistics (transporting good/services) Cross-departmental / cross-functional / process-based systems operate across departmental boundaries. Increased functionality to support business processes, integrated processing systems are more efficient. Inter-organizational systems are cross-functional systems used by two or more related companies, such as a company and its suppliers and/or customers. (e. g. , wal-mart) Basic types of functional systems: marketing and sales. Prodcut - marketing is responsible of actually coming up with the products/services. Expand your marketing to the general public to publicize your product. Conduct a needs assessment to find out what people want. Reduce costs if customers are willing to pay less than what you minimum selling price is.