the purpose of the 8 business functions

The 8 business functions depend each other to achieve the business goals. These functions work together to ensure the survival as sustainability of the business

-The relationship between the business functions

• The generalmanage functions is directly linked to all seven business functions

• the financial and administration functions are responsible for gathering, storing, and processing information and financial records.

difference between leadership and management

Leaders & managers play a vital role in contributing to the success of a business.

-Leadership

• A leader creates a vision

• Leaders create the team and inspire subordinates

• He/she influences human behavior

• A leader communicates using vision/ charisma

-Management

• a manager understandsthe goals of the business

• managers ensure that tasks given to subordinates are completed

• He / she guides human behavior

• A manager communicates through management functions.