What does business unit mean? - Search
  1. Dictionary

    busi·ness u·nit
    [business unit]
    noun
    business unit (noun) · business units (plural noun)
    1. another term for strategic business unit.
      "he is responsible for a business unit with a $4million turnover and 20 reports"
    2. a building (typically one of a number of similar buildings) or a self-contained section of a building intended for use as business premises:
      "approximately 214,000 residential units and 30,000 business units sustained structural damage in the earthquake"
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    noun
    1. a building (typically one of a number of similar buildings) or a self-contained section of a building intended for use as business premises:
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  2. People also ask
    What is a business unit?A business unit is a separate division within a company that develops and implements its own processes independently from the core business or brand while still adhering to the overall company policies.
    Is a company a unit?Departments, companies, teams, and enterprises could be units. Companies create each organizational unit based on a definition of the features and attributes of that unit. In this image, the Parent Corporation may be the holding company. The Business Units 1, 2, and 3 may be subsidiaries.
    What is a business-unit strategy?Each business unit in an organization must develop its own business-unit strategy to fulfill its part of the primary corporate strategy and make a distinct, value-added contribution to the organization's long-term success. In order to optimize results, strategy needs to be part of everyone’s responsibilities at the business unit level.
    How are business units organized?Business units can be of various sizes, and their structure will depend on the size and type of company. In large companies, business units are often organized into divisions, which are then further divided into departments or teams. In smaller companies, there may only be one or two business units.
     
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