{"id":307,"date":"2026-02-10T09:10:00","date_gmt":"2026-02-10T09:10:00","guid":{"rendered":"https:\/\/sites.wp.odu.edu\/mackenzieaddis\/?p=307"},"modified":"2026-04-16T23:31:45","modified_gmt":"2026-04-16T23:31:45","slug":"components-of-business","status":"publish","type":"post","link":"https:\/\/sites.wp.odu.edu\/mackenzieaddis\/2026\/02\/10\/components-of-business\/","title":{"rendered":"Components of Business"},"content":{"rendered":"\n

Different components of a business and how they fit into the organization<\/strong>
There are many different components that make up a business. While each plays their
own roles, together they help the company run smoothly. Starting with leadership, this would
include the CEO who runs the entire company, and the COO which will deal with the daily
operations. Having the right leadership is crucial in maintaining a functional business, the type of
leaders they have could determine the success or failure of the company. Going down from
leadership is human resources. Human resources deals with the employees and makes sure they
hire qualified people to work for the company. They deal with internal problems with the
employees and work to maintain a civil environment within the workplace. A part of their job is
trying to make working for the business enjoyable and an environment that is inviting and
evokes productivity. They also make sure the termination of employees is fair, which the legal
department can help with as well. The legal team doesn\u2019t just help in times of crisis such as
lawsuits or court hearings, but also ensures that the operations of the business are within the law.
They help navigate agreements or contracts that take place, and give advice when needed. These
are all important components of a business that build a foundation for success. Having a strong
foundation then allows one to begin the business operation.<\/p>\n\n\n\n

Operation is how a business runs. It is the foundation and support to make the goal
happen. Whether your company is trying to sell a product or bring awareness to something,
operations are what makes it happen. Under the title of operations can be many things such as
product development, marketing, customer service, accounting, and more. Through accounting
and finance departments is where budgets come into play. They work together to decide how
much investment can be made, what the profit goal is, keep tabs of bills and payroll, and work to
find how they can make the company grow financially. After the financial part is set, the product development team can come in and come up with the ideas needed to create a good or service to
sell or provide to consumers. They work alongside the marketing team to create something that
meets their target customers, while the sales team works with customer service to find ways to
sell and pitch to them. There are many things within a business that must happen just right so
that everything else falls into place. But there\u2019s one section that can help ease the pressure of day
to day functions, the IT department.<\/p>\n\n\n\n

How IT fits into a business and some of its roles<\/strong>
IT should be organized within every company. Whether it\u2019s a business trying to sell
products or an organization who is trying to raise awareness, IT plays its roles in it all. Not only
do they help with basic technological support, but they also help to ensure the safety of your
digital company. As soon as anything becomes digital, it runs the risk of a cyber attack.
Nowadays, unless you are handing out newspapers in exchange for cash, or something along the
same lines, chances are something within your job is digital. Whether it\u2019s payroll or a website,
both run the risk of being hacked, attacked, or locked by a number of things. The IT department
helps with that. They work alongside cybersecurity teams to create a system that can\u2019t easily be
penetrated, and ensures the operation runs smoothly. By staying up to date on current and
upcoming cyber threats it allows them to maintain the safety and security within that business.
The roles of IT look different in every company, but within the flexibility of technology today it
is able to fill every role it encounters.<\/p>\n","protected":false},"excerpt":{"rendered":"

Different components of a business and how they fit into the organizationThere are many different components that make up a business. While each plays theirown roles, together they help the company run smoothly. Starting with leadership, this wouldinclude the CEO who runs the entire company, and the COO which will deal with the dailyoperations. Having… <\/p>\n

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