Functional Areas of Business and Skills Needed by Employees in IOM Electronics LTD

World of Work

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Business organization..................................................................................................................3
Functional areas of business........................................................................................................3
Types of skills needed by employees to be able to work effectively in these functional areas...5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
The following report will be discussing the business management scenario which is
required by John who has acquired a firm named IOM Electronics LTD. It is one of the leader
enterprise in their sector. The company operates with the employee base of 200 people working
in different departments in 2 different locations i.e. Manchester and Liverpool. The enterprise is
expanded in these two location and caters the customer with electronic commodities. Although,
John have little experience of market but it is not efficient for running an enterprise of this
particular size. The employees also need sufficient skills and knowledge so that the organization
can deliver the qualitative response to its customer's needs. The report will be highlighting the
functional areas of the enterprise and the skills needed by the workforce of different departments.
MAIN BODY
Business organization
The term business organization refers to the place or a infrastructural body which deals in
different products and service for gaining profits and achieve higher levels of success. IOM is an
enterprise which caters their customers with different products and services in the electronic
industry. The organization aims for the profit by providing distinct goods and after sales service
to its customer.
Functional areas of business.
Every business organization consists of different departments which work inter relatively
for the overall growth of the organization. This overall productivity in the organization can help
them to sideline the competitors and gain unexpected profits in their working tenure. In IOM
these departments are human resource management, sales department, marketing department,
equipment and technological department, finance department, operations department and R&D
team. Roles and responsibilities of these departments and its contribution in the overall
upliftment of the organization is discussed below:
 Human resource management (HRM)
The human resource department is the functional area of the business which focuses on
recruitment of the employees in the firm (Jirásek, 2018). The HRM is concerned towards the
allocation of human resource and physical resources in a manner that it can work effectively to