Session 3

Finding Your Mission & North Star
Book Session 4


The Company Structure

A typical company may consist of the following departments/functions:
  • Production
  • Research & Development (R&D)
  • Purchasing
  • Sales & Marketing
  • Human Resource Management
  • Accounting & Finance
Graphic of a pyramid with 4 layers


  • Responsible for the manufacture of goods, focusing on efficiency, employing mechanics, machine setup specialists, maintenance personnel, and machine operators.
  • Can include just a few specialized functions with all other work outsourced or a fully functioning department that converts raw materials, assembles components into finished goods, and packages them.

Research & Development

  • This department keeps a business competitive by providing insights into the market and developing new services, products or improving existing ones.
  • The growth of the business sits mostly with the R&D department, and it is usually assigned the largest budget.


  • Responsible for the procurement process, ensuring the supply of goods, production materials, and equipment so that a smooth production and sales process takes place.
  • If the purchasing process falls, there's a risk that the business won't be able to manufacture products or keep the shelves stocked with sufficient volume to meet customer demand.

Sales & Marketing

  • Marketing functions include research and development, pricing, distribution, customer service, sales, and communications.
  • A sales department advises the marketing department based on customer feedback and focuses on customer contacts to drive sales.

Human Resource Management

  • Responsible for recruiting, hiring, deploying, and managing an organization's employees. Oversees policies that govern workers and the relationship of the organization with its employees.

Accounting & Finance

  • Responsible for ensuring the efficient financial management and financial controls necessary to support all business activities.

First Choice Industries