Functional Areas in Business Organizations

BSc (Hons) Business Management with Foundation
BMP3004
World of Work
Functional Areas
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Table of Contents
1.0INTRODUCTION
.........................................................................................................................................................3
MAIN BODY...................................................................................................................................3
2.0 What is business?..................................................................................................................3
3.0 What is Functional areas of business ...................................................................................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
5.1Marketing: .............................................................................................................................4
5.2 Human Resources Management:...........................................................................................4
5.3 Customer Service..................................................................................................................5
5.4 finance...................................................................................................................................5
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.................................................................................6
6.2 Skills needed by Human Resource Management employees ...............................................6
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 ....................................................7
6.6 Skills needed by Sales employees.........................................................................................7
CONCLUSION ...............................................................................................................................7

1.0INTRODUCTION
A business is a term which explain as an company or any organisation which is involved
and engaged in the activities that is related to professional, industrial and commercial. An
business term also advert to the efforts and contribution or the actions of the person to generate
and trade the products and services for gaining profitability. This report is going to discuss on
one case study which is based on one person that is John, 21 year old guy want to purchase an
company IOM Electronics Ltd (Alter, 2017). Also, this report is going to discuss on he different
kind of functional areas in the company and the types of skills which is required by workers to
make them effective in the functional area.
MAIN BODY
2.0 What is business?
Business is the term that describe an entity or a enterprise which is occupied and reserved
in functions which is connected to few activities and actions such as commercial activities,
professional activities and industrial activities. An business is an enterprise or any organisation in
which the individuals work together and make profit. There are few types of business Sole
proprietorship, partnership, Limited Liability company, corporation.
3.0 What is Functional areas of business
Functional areas are the units of the workers who have same expertness and skills.
Functional area are very important for the any business and any organisation because they build
effectiveness and efficiency in the business. There are several kinds of functional area involve in
the business and that is strategies, operations, equipments finance and many more.
4.0 What are the key functional areas of a business?
There are mainly six functional area of a business which include operations, technology,
management, marketing, finance and accounting. The key functional area of any business are
mentioned below:
Management: management is the procedures of planning, organising, controlling, and directing
the activities and strategies of the company. As John is thinking about operating new company
so this area is much required for them in order to direct the business effectively.