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Its purpose, Mr. Williams explained, was to be able to take a comprehensive approach to security matters "across all the core businesses and functions".
Rather than telling you what to do, all its businesses and functions offer numerous opportunities from pure engineering, research and development, sales and marketing to human resources or IT.
Gulliver told staff: "You have been working tirelessly and with great dedication to build a stronger HSBC with fully global businesses and functions, rigorous controls and the highest global standards, all underpinned by a clear strategy to serve our millions of loyal customers".
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Ailes' readiness for a fight and need for control filters down to the Fox News' PR shop, which is the most combative in the business and functions like the opposition research arm of a campaign.
Territorialism and turf battles characterize this dynamic and increasingly competitive and fiscally constrained environment where global institutions need to redefine their core business and functions in relation to each other.
"We also expect to be open for business and functioning when the US markets open," the firm said in a statement.
Several major unions staged a 24-hour nationwide strike today, crippling businesses and government functions.
Savings will come from a reduction in staff and from the integration of businesses and outsourcing functions where it is feasible.
CEOs realise this across business units and functions, and countries.
Later, QFD became a comprehensive design system that links customer satisfaction with various business processes and functions.
The PlayBook, I said, was a breach birth, its non-critical consumer-facing functions emerging foremost, and its essential business and productivity functions delayed dangerously.
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