What are core and supporting business functions

For management, knowing which core and support business functions are important to prioritize decision making and resource allocation. For stakeholders, such as stock investors, it also helps sharpen their insight in analyzing company performance.

Small companies might divide their business functions into four departments: operations, marketing, human resources, and finance; where operations are core business functions.

In some companies, their organizational structure may be more complex and consists not only of these four departments, but is further broken down into several. Indeed, operations remain their core function, but they may categorize some departments into core functions because they are strategic, even if they do not generate revenue.

Examples of core business functions

A core business function refers to a company’s revenue-generating activities. It usually refers to an operating function, related to producing goods or providing services. It is the main activity of the company.

In some other companies, core functions may also include secondary, but strategic activities in support of core functions. For example, a company with a highly customized product might consider production and customer service functions as core functions. Finance, human resources and marketing functions can also be considered as core business functions because without them the company …

Tips on Making Money With Your Own Food Trailer Business

Food vendors are one of the most popular businesses around the world today. You can see in various places the food concession trailers where various foods are being sold. A mobile food business finds it difficult to fail because what it sells is a basic human need: food. There are several reasons why you should invest in this type of business considering the large number of mobile food vending businesses from around the world.

It is good for you to know about places, potential places where you can set up your food concession trailer business. If the potential is still not being realized, you can make a big profit while still enjoying the benefits of being alone in that potential place. Your customers may come to you and buy your things every day especially if they really like the food you are selling. Even on the first day of your business, you can see how much profit you can make. After a few moments, you will find out how big a potential event or place is for your business. Earning potential is believed to be better during weekends than weekdays. Therefore, you should open your business on Saturdays and Sundays. …