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Company departments are the major functional divisions or teams in the structure of an organization. These differ greatly by industry. For example, an investment bank may have departments such as treasury and trading that are specific to banking. Likewise, it is common for firms to develop unique structures and departments as a form of competitive advantage. The following are common examples of company departments.
Asset Management | Board of Directors | Business Development | Corporate Communications | Creative Services | Customer Service / Customer Experience | Engineering | Finance / Accounting | General Management | Human Resources | Information Technology / Technology | Investor Relations | Legal | Marketing | Operations | Product Management | Production | Project Management Office | Purchasing / Sourcing | Quality Assurance | Risk Management | Sales | Strategic Initiatives & Programs | Technology |
Executive & AdministrativeExecutive management and administrative functions that direct, plan and coordinate the resources of an organization. These departments are responsible for strategy, compliance and stakeholder relationships.Marketing & SalesThe teams that develop, promote and sell products, services and brands.OperationsThe teams that deliver your core value generating processes. This differs by industry. For example, in manufacturing operations relates to production but for hotels it relates to facility management and customer service.Information TechnologyTeams that plan, develop and operate technology products and internal systems. If you're a technology company, this can be viewed as your operations.NotesThe classic departments of industrial age firms were general management, finance / accounting, human resources, marketing, operations, purchasing and information technology.In many cases, the functions above may be teams inside other teams. For example, in some cases, sales is a team inside marketing.It is also common for companies to be structured by business unit. For example, an IT company that has a cloud services and a consulting department. Firms can also be structured geographically.Next: Business Functions
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