Functional Areas in Business Organizations and Required Skills

WORLD OF WORK

TABLE OF CONTENTS
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
Describing various functional areas in business organizations................................................................3
Describing the types of skills needed by employees to be able to work effectively in these functional
areas.........................................................................................................................................................5
CONCLUSION...........................................................................................................................................7
REFERENCES............................................................................................................................................8

INTRODUCTION
Functional areas helps company to develop effective segregation of work in appropriate
manner to derive specialization. In the current era, organization highly gives emphasis on having
efficient functioning of functional areas to have smooth processing. The present report is based
on providing information to IOM Electronics Ltd owner regarding functional areas of
organizations and relevant types of skills required by employees to effectively work in these
functional areas.
MAIN BODY
Describing various functional areas in business organizations
Functional areas play important role in achieving the overall objective of organization which
includes operational, production management, marketing, human resource, finance and
accounting, , research and development and customer service.
Operational management
It is one of the most important function as it is related with producing goods through
utilizing inputs to provide desirable output. This can be considered as crucial as it fulfill the
purpose to address allocate efficiency in the use of input factors by attaining higher efficiency
(Nalawade, More and Bhola, 2019). This gives ability to make higher level of profit via assuring
qualitative characteristics in products. It includes planning, organizing, directing, coordinating
and controlling production activities in organized manner.
Human resource management
Every functional areas requires personnel to fulfill the particular objective this specific
department is responsible for hiring, retaining and managing workforce. There are several types
of policies that HRM formulates for creating certain rules and regulation so that systematic
procedure in company can be established. In addition to this, it is associated with conducting
practices like recruitment & selections for having right candidate at appropriate position. This
adds value to company success through assuring optimum utilization of personnel in turn higher
productivity with sustainability can be obtained. The firm needs this specific functional area to