define business unit - 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:
      manufacturing complex
      industrial unit
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  2. People also ask
    What is a business unit example?A business unit is a department or team that develops and implements independent strategies in a company. While they are fully functional divisions, their processes and practices typically align with a company's primary activities. For example, suppose a company producing equipment has business units for appliances and electronics production.
    What is a business unit (how to make them successful)?A business unit is a segment of a company with strategic objectives separate from the parent company but enhances the overall performance of the enterprise.
    What is a strategic business unit?A strategic business unit would comprise a team that manages its operations, brand name, objectives, and geographical location where it conducts its operations. Organizations work better under a unit structure as they are not bound by the limited available resources that confound the larger organization.
    What does a business unit do?Business units determine which parts of the core, enterprise strategy the unit or division will contribute to directly and then formulates a unit or division strategy with their own supporting priorities. This where the division’s strategy intersects with the enterprise strategy. It creates a strategy within the company’s larger strategy.
     
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