Mir Moiz’s Weblog
Life is meaningful, only when one wishes to make it. We are creatures of time and we’ll wither away in it. The little moments of joy we find and create are all that will live with us.Archive for April 20, 2013
Departments and Functions
Often times we come across common perceptions that are misleading and vague.
People require a very focused and keen behavior at work and in life to succeed. That is essential.
There is a major difference in how we perceive the departments of a company and how we perceive functional nature of those departments. Both are very different.
A department is a group – a label to a collection of people that come together to become responsible and actionable towards its core function.
If you have a department in your company that does not focus on a core functional nature then that department is ineffective and non-productive and will remain so till a rigid framework is defined.
Departments should never be multifunctional. There should always be just one core function, if you seek to guarantee efficiency and success.
© MIR
Commerce, Trade or Business
A lot of people get confused about the merits of the differing terms of commerce, trade and business and use them interchangeably quite often, yet the three terms are entirely different.
Business is the overarching entity that holds within it commerce and trade.
Commerce is the buying and selling part alone. It’s an activity that can be performed not an entity that can be owned.
Trade is also the activity of buying and selling but it refers primarily to the exchange of high value and high quantity and mostly over long distances.
It is also an activity that can be performed not an entity that can be owned.
To own a business is to own an entity that has the capacity to conduct commerce or trade in goods and/or services.
© MIR
Mir Moiz's Weblog 