Functional Areas in Business Organizations and Skills Needed by Employees

World of work

Table of Contents
Introduction......................................................................................................................................3
Main body........................................................................................................................................3
Describe the various functional areas in business organisations.................................................3
Describe the types of skills needed by employees to be able to work effectively in these
functional areas............................................................................................................................4
Conclusion.......................................................................................................................................6
REFERENCES................................................................................................................................7

Introduction
John is 21 years old and has no working experience; nonetheless, he recently won £10 million in
the lottery. John has decided to purchase a local business (IOM Electronics Ltd) with the
intention of running it himself. The business is such a well regional firm with 200 employees
spread over two locations in Manchester and Liverpool (Bangun, Ratnasari and Hakim, 2019).
He is well informed that he is inexperienced with several of the tasks and obligations that come
with entrepreneurship. The following report consists of various business functions needed within
IOM electronics started by John.
Main body
Describe the various functional areas in business organisations.
There are different functions within IOM electronics. Several skills are needed within employees
for attaining organisational goals. Some of these are mentioned below -
 Marketing - Planners should get to know their target clients and figure out how to
approach them because marketing and sales will generate revenue (Canlas, 2019). Most
new business owners make the mistake of employing a "inside-out" marketing strategy,
in which they first produce their product or service before looking for a way to sell it to
an unknown "out there" public. In the case of IOM electronics, the marketing department
will be in charge of the company's target markets. This will aid in increasing sales and
earnings.
 Operations - As the name implies, this role is in charge of tasks such as converting inputs
such as raw materials and equipment into results, as well as ensuring the right services
are available for assembly (Emami and Soltani, 2018). It optimizes output performance
and productivity levels. IOM electronics delivers a high level of competence and supplies
strong and consistent service.
 Human resource - This department is in charge of managing people inside the
organisation, which includes: determining the company's workforce needs, Recruiting
and hiring people who meet the company's qualifications. Employee development and
training to encourage them to be more productive. Creating and designing a pay structure,
as well as an employment contract and a remuneration for each position. Creating a
system of rewards and incentives to keep employees motivated. It is concerned in