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Document: Arabian Engineering Inc. Business
Added on -2019-09-16
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Arabian Engineering Inc.Business AssessmentStudent Name: Student ID: Course Name: Course ID:Faculty Name: University Name:
Table of ContentsIntroduction................................................................................................................................2Activities within Functional Areas.............................................................................................2Human Resources...................................................................................................................3Accounting & Finance...........................................................................................................4Sales & Marketing..................................................................................................................4Operations..............................................................................................................................4Recruitment Process...................................................................................................................5Internal Recruitment Process.................................................................................................5External Recruitment Process................................................................................................6Sources of Additional Funds......................................................................................................7Internal Sources of Additional Funds....................................................................................7External Sources of Additional Funds...................................................................................8Marketing Activities...................................................................................................................8Conclusions................................................................................................................................9List of References....................................................................................................................111
IntroductionArabian Engineering Inc. is a renowned EPC company. The company deals in design, engineering and other associated activities. The company is people oriented and ensures to install facilities that bring more safety to the employees working there. Moreover, the client base of the company is appreciable with some big names such as Exxon Mobil, Shell, and others. The company has appreciable culture and the employees within the company are oriented towards the customers. The company has variety of certifications such as API 6A, 6D and others that reflects credibility in the company’s brand. These aspects have been discussed in the chapters ahead.The purpose of this document is to understand the important activities that are conducted in the four functional areas of the company, namely, human resource, accounting and finance, sales and marketing, and operations. Moreover, the recruitment process is also being studied. The sources of additional funds for the company have been considered for the study. In the end, a conclusive remark has been given based on the overall study. The company information has been brought from the online sources. The paper has been divided into four chapters discussing the four aspects, namely, functional areas, recruitment process, sources offund and marketing activities. Activities within Functional AreasThe company conducts its business through four functional areas, namely, human resources, finance, sales and marketing, and operations. The subsequent sections discuss these areas in brief with the consideration of the activities in each function.2
Human ResourcesThe human resource department of the company is responsible for the management of the people who are working with the company. Given below are the activities that are the responsibilities of human resource divisionActivity #1: Employee DevelopmentThe employee development is the important aspect that is taken care of within the company. The reason behind this is that the company hires young expats more and they are less aware of the local working environment. In such cases, it becomes important that the company focus on employee development for effective growth (Need, 2006). Activity #2: Safety and HealthThe employees work in the high stress environment where the physical effort is critical. Moreover, the employees work in the heavy machinery environment which is associated withhigh risk in general. Therefore, ensuring their safety is necessary. Moreover, it is important that the employees are healthy as per their mental and physical capability is concerned. Therefore, the company conducts periodic assessment of their heaths. Activity #3: Employee and Labour RelationsThe company is more dependent on the people to conduct the business activities and, therefore, having good relations with the employees ensures sustainable development. This is the reason that the human resource department focus on nurturing good relations within the employee group.Activity #4: Recruitment and Selection3
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