Functional Areas in Business Organizations

BMP3004
World of Work
Functional Areas
PAGE 1

Table of Contents
1.0 Introduction..........................................................................................................................3
2.0 What is a business? ....................................................................................................3
3.0 What is Functional areas of business - Definition......................................................3
4.0 What are the key functional areas of a business?.......................................................3
5.0 Description of the various functional areas in business organizations.......................4
5.1 Marketing: ........................................................................................................4
5.2 Human Resource Management: .......................................................................4
5.3 Customer Service:.............................................................................................4
5.4 Finance: ............................................................................................................4
5.5 Research and Development:..............................................................................5
5.6 Sales: .................................................................................................................5
6.0 Description of the types of skills needed by employees to be able to work effectively in
these functional areas........................................................................................................5
6.1 Skills needed by Marketing employees: ...........................................................5
6.2 Skills needed by Human Resource Management employees: ..........................5
6.3 Skills needed by Customer Service employees:................................................6
6.4 Skills needed by Finance employees: ...............................................................6
6.5 Skills needed by Research and Development employees:................................6
6.6 Skills needed by Sales employees: ...................................................................7
Conclusion..................................................................................................................................7
References..................................................................................................................................8
PAGE 1

Introduction
A functional field is a community of individuals who have common expertise and expertise.
The aim of the business function should be to ensure that certain business operations run
smoothly. The foundation corporation is IOM Electronics Ltd. IOM Electronics Ltd is a very
well regional company with 200 staff operating in Liverpool and Manchester (Ackah, 2019).
This article addresses all of the primary operational areas of such a company enterprise, as
well as the expertise that workers are expected to provide in order for the operational field to
operate smoothly. There have been different types of operational aspects of business
organisations, as described below, in relation to the chosen entity.
What is a business?
The word "company" corresponds to a corporation that sells commodities to maximize
revenues. It covers all operations that have the purpose of making goods and services
accessible to society, including commercial, manufacturing, and technical activities.
Companies can vary in size from smaller companies to big corporations with activities all
over the world. It belongs to a vast portion of an entity that has allocated various tasks and
functions to each department. The corporation can enforce strategies and have the potential to
work efficiently with the aid of practical regions.
What is Functional areas of business
It is a significant part of an entity that has allocated numerous tasks and duties to each
division. The corporation will enforce strategies and work effectively with the assistance of
functional regions.
What are the key functional areas of a business?
A company has several functional areas that work together to keep things going smoothly.
Aside from that, there have been 4 main fields that are needed for a business to function:
communications, human resources, information technology, and financial planning (Pan, Lu
and Lei, 2018).
Description of the various functional areas in business
organizations
PAGE 1