Functional Areas in Business Organization

FUNCTIONAL
AREAS(BMP3004)

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
Explaining the functional areas that are related to business organization..................................3
Analysing the skills that are needed by the employees to work in different functional areas....5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Functional areas are the team of employees that have similar expertise and skills. These
functional areas involve various business strategy that can be related to marketing, human
resource, finance, sales and research & development. The chosen firm of the report is IOM
electronics LTD which is the local company that deals in selling and producing goods. The study
will explain the various functional areas that are needed in the business organisations. Along
with this it will also evaluate the skills that are needed by the employee to work effectively in
that functional areas.
Explaining the functional areas that are related to business organization
Functional areas are used by the company to operate within the area of expertise, building
effectiveness and efficiency across the business.
The various functional areas of a business are (Functional Areas of Business, 2021):
Management: It is termed as administration and coordination of tasks to achieve the goal of the
company. This administration activities include building the organization strategy and
coordinating with the efforts of the staff to complete the objectives at the available resources.
The main role of the managers in the business is to supervise other peoples performance.
 Planning: These activities is used by the manger to plan the long-term goals of the
business along with short term strategies to complete that goals (Sycheva and et.al.,
2018).
 Organizing: The manager of the company is responsible for organizing the operations of
business in efficient way by allowing them to use the resources.
 Controlling; Mainly the time of manager is spent on controlling the activities within the
business to make sure that company is on the track to achieve goals. When the people of
the company are not in the correct path then manager is the first person to notice that and
take corrective actions regarding this. Leading: In the company it is very important for the manger to motivate its employee to
perform all the objectives in productive manner.
Operations: In this functional areas all the factors of production are converted into goods and
services. This function performs as the heart of the business that pump out good and services in a
quality that meets the need of the customers. These operational function control the supply chain
that include logistics and procurement (Pan, Lu and Lei, 2018).