These are organizations' actions and procedures to meet their goals and provide goods or services to clients
Education-Graduation Degree-Bachelor’s in Commerce Skills- Technical Skills: Canva, Figma, Ms Excel, Ms powerpoint and Ms Office Non technical skills- Negotiation, Strategy, Communication Skills Experience: Wealth Management Analyst at Wise Finserv, Consulting, Research and Writing Intern at at Unlock Consultancy
Reviewed By: Matthew Retzloff
Matthew started his finance career working as an investment banking analyst for Falcon Capital Partners, a healthcare IT boutique, before moving on to work for Raymond James Financial, Inc in their specialty finance coverage group in Atlanta. Matthew then started in a role in corporate development at Babcock & Wilcox before moving to a corporate development associate role with Caesars Entertainment Corporation where he currently is. Matthew provides support to Caesars' M&A processes including evaluating inbound teasers/ CIMs to identify possible acquisition targets, due diligence, constructing financial models, corporate valuation, and interacting with potential acquisition targets.
Matthew has a Bachelor of Science in Accounting and Business Administration and a Bachelor of Arts in German from University of North Carolina.
Last Updated: May 28, 2024 In This ArticleBusiness operations are organizations' actions and procedures to meet their goals and provide goods or services to clients. These activities include a variety of jobs like buying, producing, selling, and promoting products, as well as providing customer service.
Any organization's success and sustainability depend on efficient business processes.
A few examples of factors that could have an impact on how business functions are industry, business cycle, and business life cycle . Different industries have unique operational requirements and challenges.
For example, the finance industry focuses on managing financial transactions and assessing risks, while the retail industry emphasizes sourcing products and delivering a positive customer experience.
The manufacturing industry involves transforming raw materials into finished products, and the technology industry focuses on research and development , software development, and IT services.
The business cycle, which includes expansion phases, peak, contraction, and trough, influences business operations. During economic expansion , businesses may increase procurement and production to meet growing demand.
In contrast, cost-cutting measures and efficiency improvements may be prioritized during contractions. Additionally, the business life cycle of a company impacts its operational activities.
A start-up company may focus on building infrastructure, establishing supply chains, and refining production processes, while a mature company may emphasize streamlining operations, expanding market share , and optimizing customer service.
Organizations can use several strategies to improve business operations, including:
