Functional Areas in Business Organisation

FUNCTIONAL AREAS

Table of Contents
INTRODUCTION...............................................................................................................3
MAIN BODY.......................................................................................................................3
1. Determine the functional areas in business organisation..........................................3
2. Evaluate the skills needed by employees in an organisation to work in the
functional areas..............................................................................................................5
CONCLUSION...................................................................................................................8
REFERENCES..................................................................................................................9

INTRODUCTION
Functional areas are determined by the different functions of the business which
is required to be carried most effectively to accomplish business objectives. On the
other hand, employees need to have the competent skills and knowledge required to
carry these business functions. It requires division and delegation of organisational
goals and objectives to the employees, it also requires a formal structure to pass on the
information to different functional areas. The manager and leader in an organisation
have the strictly monitor these business activities and identify different approaches in
order to attain productivity and business success. In the context of IOM Electronics
which is a leading small and medium electronic business delivers electronic equipment
to its customer, including computer parts, electrical home appliances and other
electronic equipment. Based on the case study, this report covers all the functional
areas needed to run and operate a business activity and all are the skills required by the
employees in order to work effectively in these functional areas. (De Oliveira and et.al.,
2016).
MAIN BODY
Determine the functional areas in business organisation
In order to run the business in the most effective manner, the managers and
business executives in IOM electronics company divides the organisation in different
small units by delegating different roles and responsibilities to each functional unit. The
functional areas of IOM electronics Company are as:
Finance: Finance acts like blood in business which is needed to carry business
operation right from the capital requirement to cost incurred for production activities.
Finance plays an important role in for accomplishing organisational objectives and
achieve business success. IOM electronic limited company should have a finance
department and deploy the finance manager who will be responsible to identify the
sources of funds and allocate them in the business activities.
Human resource: Human resource manager in an organisation is responsible to
manage the human capital of an organisation and monitor their job to ensure that