The paper presents business operations as the function which plans and estimates the day to day activities within an organization. Operations refer to the most important functions in an organization, as it manages all the activities in the organization. Ideally, business operations ensure the following factors.
All internal groups are integrated into the same plan with well prescribed roles and responsibilities
All internal operating groups perform together as one unit, to make sure operational integrity, development of business, risk management and resource management, allocation of resources, and overall the finest practices.
Successful communication among other functional departments within the company.
Participating in business planning for developing strategies.
Working within the constraints of an integrated budget, and combining all fiscal practices, while following other recognized policies, procedures and controls.
“While operations are generally well understood and structured in most large organizations, business operations in many small to medium sized companies tend to be less clear. It is not unusual to see functional lines or boundaries blur together or; departmental responsibility and accountability shared by many people within one organization”. The systems and processes play a very significant role in accomplishing the goals and objectives of the organization. The organizations emphasize in their reports about how much they rely on the operation and systems. The operations of business changes from organization to organization. It concentrates on the volume and character of the business. ...