CAPSIM Simulation, Research And Development, Marketing, Production, And Finance

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Functional Department
Introduction
A successful business has many departments working together towards one common goal, profit. Each department of a company relies on each other to make smart strategic business plans. There are four primary departments in the CAPSIM simulation, Research and Development(R&D), Marketing, Production, and Finance. Even though each department handles different aspects of the company, each department could not be successful without each other. Research and Development relies on Marketing to sell what the team has created, Production has to produce the product at the correct demand speed and Finance has to make sure the company has a whole has enough funds in the bank at all times. The different departments have to make sure that communication is clear and frequent in order to be successful. And alongside money, communication is the next big thing when it comes to becoming successful.
Research and Development
Research and Development(R&D) is one of the first steps to building a company. R&D has to think of …show more content…

Finance has to make sure that there is enough funds in the bank at all times. The Finance Department has to communicate with each department. Finance is the part of the company that can give production enough money to more capacity, tell Marketing a budget for the year and ensure that the Research and Development team has enough money to do quality research on the products. Even though all the departments have to work together in some capacity, it's the Finance Department that is the glue to the company. Their relationship to each department is crucial because if the Finance team cannot communicate well with a certain department then every department is impacted to some capacity. "The gentle inquiry is a communication technique that recognizes the need for all people engaged in the organizational community or team to feel valued and in possession of dignity." (Patterson, 2014, p.

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