Functional Areas in Business Organisation and Required Skills for Employees
Verified
Added on  2023/06/18
|9
|2180
|477
AI Summary
This report discusses the different functional areas in an organisation and the types of skills required by employees to work efficiently in IOM Electronics Ltd. It covers areas such as marketing, finance, human resource, technology and equipment, and highlights the importance of communication, leadership, problem-solving, and delegation skills.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Functional areas
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Various functional areas..............................................................................................................3 Types of skills needed by employees..........................................................................................5 CONCLUSION................................................................................................................................6 REFRENCES...................................................................................................................................7
INTRODUCTION Functional areas refer to different departments within an organisation. There are many areas such as, marketing, finance, human resource, technology and equipment. These areas have different roles and responsibilities which is beneficial for growth of company (Kasaev and et.al., 2019). IOM Electronics Ltd is a well- known organisation having 200 employees. It is based over two sites in Manchester and Liverpool. The report describes various functional areas in business organisation. Different types of skills which is required at the workplace by employees so that they can work more efficiently is described. MAIN BODY Various functional areas There are many departments in an organisation and work is divided according to area. Some functional areas in business organisation are: Marketing This is one of the area which is required in business organisation to increase sales of company. Marketing department helps in making strategies for promotion of products and attract customers by providing them information with the help of advertisement. It is the responsibility of marketing manager to increase sales of IOM electronics (Dewi and Darma, 2019). A marketing manager is responsible for identifying potential markets where they can sell their products, determine needs of customers so that product can be made according to that. They select channel of distribution so that customers can get products easily. Marketing manager helps in attracting people and increase brand awareness among customers through campaigns. They are also managing day to day activities and make plans or strategies for growth and development of company. In IOM electronics, there should be marketing department which helps in promotion of products and increase sales of company. It is important to make plans after analysing market situation so that needs of customers can be satisfied (Lee and Falahat, 2019). Human resource It is one of the important department which helps in managing all the activities of company and handling all issues. Human resource manager is responsible for recruiting and selecting best candidate for the company. They organise training and development sessions for
employees so that they can enhance their knowledge by learning new things and develop some skills which are required at the workplace. Human resource manager is deciding payroll of every member and apply performance management tool to evaluate performance of employees. They are solving issues which arise between workers and employer, give rewards or benefits to employees on the basis of their performance (Fenech, Baguant and Ivanov, 2019). They are taking interview and hiring appropriate candidate for the organisation. Human resource manager is responsible for making rules and regulations, policies and procedures which should be followed by everyone. In IOM electronics, there must be HR department because it helps in motivating employees to work efficiently. It is important to influence workers and boost their confidence by fulfilling their needs so that they can work efficiently. Finance Finance department plays a crucial role in every business and organisation because every firm needs money and there must be a person who handles all this. Finance manager is responsible for managing day to day expenses and recording all the details in books. It will help in determining total expenses and income of an organisation. This helps in finding how much profit has been earned by the company and make future plans according to that. Finance manager is responsible for preparing financial reports and forecast about future (Kimanzi and Gamede, 2020). They oversee financial details so that legal requirements are met and make sure that all work is done by following rules and regulations. In IOM electronics, there should be finance department which will handle day to day expenses and income generated. Technology and equipment Technologyandequipmentareahandlesissuesrelatedtomachinesortheyare conducting market research to identify about new technology. They are responsible for providing resources to employees so that work can be done in systematic way and business can run smoothly. IT manager evaluate and install software so that employees can work properly and there will be no problem. The primary function of IT department is to make sure that network runs properly and also check maintenance of computer network within an organisation (Cheung, Wang and Zhuang, 2017). Managers are also responsible for making plans, coordinating, leading computer related activities in a company. In IOM electronics, technology and equipment manager is responsible for making plans and install software in computers so that employees can work properly.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Types of skills needed by employees There are many skills which is required at the workplace in employees so that work can be done in systematic manner and there will be less chances of mistake. Communication skill-This is one of the important skill which is required at the workplace because it helps in influencing people. Human resource manager handles all issues and recruit candidates so; it is essential to have good communication skill. This creates positive impact on others and help in attracting more customers (Coffelt, Grauman and Smith, 2019). A marketing manager should have good communication skill because it helps in convincing people to buy products or beneficial in increasing sales of company. Good communication skills help in building positive image in company and helps in building relationship with other members. When task is given in teams then it is easy to motivate members so that they can work efficiently and it will help in achieving goals & objectives of company. Leadership and motivation skill-This skill helps in motivating employees to improve their performance and boost their confidence. It is important to increase morale of workers so that they can work effectively and focus on accomplishing goals of organisation. When there is workload, task is given in groups and a leader is being made who is responsible for providing guidance to employees. Leader make plans or strategies for growth and development of company, they give instructions to team members for how to accomplish targets (Andriani and et.al., 2018). So, an employee should have leadership and motivation skill because it helps in satisfying needs of workers and boos their confidence to work efficiently. Problem solving and decision making-This skill is required at the workplace because it helps in solving issues among employees. A good manager should have problem solving skill and have the ability to take quick decisions. In all the functional areas there are some issues and to solve that manager has to take action. They have to take quick decisions which is beneficial for growth of company. Manager should find creative and unique solution of problem and have the ability to take correct decision (Abubakar and et.al., 2019). In all the departments such as, finance, marketing, human resource and other areas, it is crucial to take appropriate decision so that work can be done smoothly. Training and development skill-It includes advanced research skill, ability to learn new things, develop some skills which are required in an organisation. To work effectively in functional areas, it is crucial to have the ability to learn new things and enhance knowledge. This will help
in growth of company and goals can be achieved. An employee should never stop learning process because there are many things to learn while working in company. There are some skills which are essential and help an individual person in future growth (Overton, 2017). This skill is required to work effectively in functional areas and goals can be accomplished. Interpersonal skill-Interpersonal skill refers to active listening, teamwork, patience, flexibility, responsibility and dependability. It is important to have these skills because in all the functional areas it is required and helps in creating positive environment in the organisation. An employee should have the ability to listen things properly so that there will be no confusion and it will help in achieving targets. Sometimes, work is given in teams to build relationship among employees and helps in increasing communication between workers (Aziz and et.al., 2021). All people are from different background and they need time to understand behaviour of each other. So, it is important that an employee should have interpersonal skill so that work can be done effectively and targets of IOM electronics can be accomplished. Forward planning and delegation-For growth of IOM electronics it is essential that managers should make plans or strategies so that form can earn more profit and build positive image in minds of customers. Managers should have the quality to delegate some powers to juniors so that they feel motivated and work efficiently. They can delegate some decision making power to leaders, involve all members in meeting, ask them for suggestions (Riisgaard and et.al., 2017). This can be applied in IOM electronics so that better plans can be made and it will help in accomplishing goals of company. CONCLUSION From the above discussion it can be concluded that, there are different functional areas in an organisation like, finance, marketing, human resource, technology and operations. All the departments help in managing all activities of company and make plans for generating more profit. Further, different types of skills such as, interpersonal skills, communication, motivation, organisation and delegation skill, mentoring, leadership, problem solving and decision making
skill, etc. which is required in employees to work effectively in IOM Electronics Ltd has been described.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFRENCES Books and Journals Abubakar,A.M.,andet.al.,2019.Knowledgemanagement,decision-makingstyleand organizational performance.Journal of Innovation & Knowledge.4(2). pp.104-114. Andriani, S., and et.al., 2018. The influence of the transformational leadership and work motivation on teachers performance.International Journal of Scientific & Technology Research.7(7). pp.19-29. Aziz, R. A. A. A., and et.al., 2021. The Influence of Leader Power on Interpersonal Conflict in theWorkplace.JournalofInternationalBusiness,Economicsand Entrepreneurship.6(1). pp.87-93. Cheung, H., Wang, S. and Zhuang, C., 2017. Development of a simple power consumption modelofinformationtechnology(IT)equipmentforbuildingsimulation.Energy Procedia.142. pp.1787-1792. Coffelt, T. A., Grauman, D. and Smith, F. L., 2019. Employers’ perspectives on workplace communication skills: The meaning of communication skills.Business and Professional Communication Quarterly.82(4). pp.418-439. Dewi, M. V. K. and Darma, G. S., 2019. The Role of Marketing & Competitive Intelligence In Industrial Revolution 4.0.Jurnal Manajemen Bisnis.16(1). pp.1-12. Fenech, R., Baguant, P. and Ivanov, D., 2019. The changing role of human resource management in an era of digital transformation.Journal of Management Information and Decision Sciences.22(2). pp.1-10. Kasaev, B. S., and et.al., 2019. Innovative approaches to business managing functional areas in a territory.Industrial Engineering & Management Systems.18(3). pp.440-453. Kimanzi, M. K. and Gamede, V. W., 2020. Embracing the role of finance in sustainability for SMEs.International Journal of Economics and Finance.12(2). pp.453-468. Lee, Y. Y. and Falahat, M., 2019. The impact of digitalization and resources on gaining competitive advantage in international markets: Mediating role of marketing, innovation and learning capabilities.Technology Innovation Management Review.9(11). Overton, L., 2017. Driving the new learning organisation.Training & Development.44(4). pp.9- 11. Riisgaard, H., and et.al., 2017. Associations between degrees of task delegation and job satisfaction of general practitioners and their staff: a cross-sectional study.BMC health services research.17(1). pp.1-9.