Report on Functional Areas and Employee Skills at IOM Electronics Ltd

This report provides an analysis of the functional areas within a business organization, specifically using IOM Electronics Ltd as a case study. It details key functional areas such as management, operations, marketing, accounting, and finance, explaining their roles and responsibilities. The report also identifies essential skills for employees to work effectively in these areas, including leadership, communication, organizational skills, intelligence, progressive listening skills, and a strong work ethic. The analysis highlights how these skills contribute to the company's overall success, emphasizing the importance of employee development and strategic alignment within the organization. The report concludes by summarizing the key findings and emphasizing the interconnectedness of functional areas and employee capabilities in achieving business goals.

Individual Report

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Functional areas in business organizations..............................................................................3
2. Types of skills needed by employees to be able to work effectively in these functional areas
......................................................................................................................................................4
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
Business organizations define how businesses are structured and the general practices
which helps in the growth of the company as whole (Fjeldstad and Snow, 2018). IOM
Electronics Ltd is a UK based company which deals in the electronic products and goods to
enable the customers use its service. It is regional organization which deals with 200 employees.
The report will cover functional areas of the business organization and the types of skills needed
by the employees of the organization.
MAIN BODY
1. Functional areas in business organizations
Business organization is an entity which carries out the functions of business in an
effective and efficient way by performing various tasks and projects in the areas such as
operations, finance, management, marketing accounting and finance along with keeping the
aspect of business growth in formation of success performed in reference to IOM Electronics
Ltd. Company (Bui, 2019).The functional areas of the company consist of -
Management – Management is that functional area in which the managers perform their duties
and responsibilities for the achievement of goals and tasks along with taking care of the work
procedures of the company which include not only the functional operations but also the internal
people management process (Kittlaus and Fricker, 2017). The managers start this process from
the planning of the project or task in which the goal has to be accomplished by setting long –
term and short – term strategies which helps in making decisions quicker and deciding when and
what is to be done in execution. Managers of the company organize the operations to enable the
resources used effectively and efficiently along with controlling the ineffective measures which
affects the growth of the company and corrective actions are taken place in the process. The
management of the company provides leaders so that they serve their best skills and lead the
employees in the development of new product.
Operations – Operations of the company is determined by the inputs that are converted into
outputs (Fatehi and Choi, 2019). Operations play an important role in the company as it looks
after the process and the procedure which it follows in composing a product which describes its
quality and quantity with the services and goods that are produced during the process. This
function also expresses the concern towards all the departments that are working in the company

to maintain the record of proper functioning of each one of them. The Operations' manager of the
company is responsible for overseeing the day – to – day business operations which consist of
ordering the raw material to appoint workers to produce goods.
Marketing – The company identifies market structure through customers need and demand and
analyses the company's goals to meet those need and demand. Marketing function includes
promoting goods and services, the delivery of those goods is determined and development of the
pricing strategies of the goods and products to capture market share is analysed. In marketing of
the products or goods, social media is one of the effective measures which increases the sales
and publicize the product formed. For e.g. – the company's website, blogs, social media
campaign that boosts and generates the awareness that the company deals in a specified product
line.
Accounting – Allocation of the company's resources is done through accounting. All the
financial transactions are responsible in the internal and external accounting process of the
company which involves the government agencies, investors of the other company in
collaboration and comparison to IOM Electronics Ltd. Financial strength of the company is
accessed through the internal and external analysis by making financial statements of the
company. Information regarding costs, budgets etc. are available through the decision-making
process of the company which is taken by the managerial staff.
Finance – Finance is that function of the company which is related to accounting and involves
the planning for obtaining and managing company's funds. Finance managers of the company
analyse the long – term and short – term strategies which help in the analysis of company's
financial deposits and borrowings and determining the actual position of the company in the
market structure. This function also proves to be an important factor in the company as the
finance department holds the market position including the financial assets and liabilities the
company acquires.
2. Types of skills needed by employees to be able to work effectively in these functional areas
There are various types of skills that are needed by employees of the IOM Electronics
Ltd. which are as follows -
Leadership skills – Employees of the company must have good leadership skills which helps
them to initiate in their work ethics and also encourage other employees of the company to work

towards achievement of the goals and ponder over the success stage (Nyaupane, Prayag,
Godwyl., and et.al., 2020). Employees which achieve the leadership skills add position in the
scale of progress of the company. Good leadership skills will make employees hiring process in
the company increase more and will lead them top stay for long – term. Leaders of the company
will create good team members, boost workplace productivity, fill in the future management
positions etc. Thus, employees with good leadership skills will lead the company to achieve
better position in the market.
Excellent written and verbal communication skills – Employees of the company should be
able to write and communicate effectively and efficiently so that the company does not suffer in
choosing the best employees for the organization. Writing skills and speaking ability will help
the employee in proper communication with the team members or employees of the other
company and this aspect will also increase their confidence prior to work as this is the key factor
which makes or breaks the image of the company.
Organizational skills – This is the most important skill which an employee should imbibe as
this is the key source to where they desire to reach with obtaining the organizational skills which
consist of all the factors whether it be any functional area of the organization (Matteson,
Anderson and Boyden, 2016). Employees with good organizational skills will lead the company
into identifying the functional and technical factors as well. Organizational skills also consist of
the behaviour patterns of the employees which help them in the work or in achievement of any
task or project.
Intelligence – Skills needed by employees also enforce the intelligence factor as this helps the
company to achieve most efficient employees. Thus, this skill should be acquired by the
employees so that they understand the technical aspects much better and contribute to the
company's benefit by providing them with innovative ideas and prevent the company to fall in
any type of glitch or problem. Intelligence trait is much-needed in the departments like finance,
accounting and marketing which helps the employees analyse the cost structure and market
position so that if any problem occurs the employees are efficient enough to detect the problem
and work in a progressive manner. Employees having an intelligent skill will make the company
reach higher goals effectively.
Progressive listening skills – this type of skill in the employees will make the company more
concentrated towards achievement of the goals in lesser time and the focus of the goal is not

disturbed if employees of the company acquire this trait. This will also help the employees know
themselves better and improve in the process. When employees acquire progressive listening
skills it will lead the company to be more specific in analysing and identifying the strategies of
the task in an appropriate manner and the extra hard work will turn out into easy smart work.
This skill will help the employees follow the tasks or projects properly and will achieve cordial
relationship goals with the other clients.
Righteousness, desire and a powerful work value-system – While Working in a company,
utmost important factor which an employee must have is the honesty trait which helps in
knowing the employee's intention towards the company or the organization. Employee must be
honest towards the company so that the behaviour towards the goals to be achieved by the
company is identified through the employees involvement and intentions. This skill will lead the
employee to work more in the company's betterment and in knowing themselves better. The
desire trait is much-needed for the employee engagement factor which helps in analysing the
employee's wants and needs form the company. This will lead to the powerful work – value
system that employee will feel towards the company and keep the morale high. This trait of
employee will also increase the autonomy which keeps them involved in the direction towards
the company's goal to be achieved and help reach the company's gaols within specified time –
period.
CONCLUSION
From above report it is analysed that what are the functional areas of the business
organization which is explained in the different areas such as management, operations, finance,
accounting and marketing. This also defines that what are the key characteristics or skills that the
employees of the organization should posses which consist of leadership and organizational
skills, writing and verbal communication and listening skills, intelligence skill, righteousness,
desire and powerful work – culture system skills.

REFERENCES
Books and journals
Bui, H.T., 2019. On definitions of the learning organization: toward a new definition of learning
organization. In The Oxford Handbook of the Learning Organization.
Fatehi, K. and Choi, J., 2019. Organization of Multinational Operations. In International
Business Management (pp. 241-274). Springer, Cham.
Fjeldstad, Ø.D. and Snow, C.C., 2018. Business models and organization design. Long Range
Planning.51(1). pp.32-39.
Kittlaus, H.B. and Fricker, S.A., 2017. Orchestration of the Organization’s Functional Areas. In
Software Product Management (pp. 219-254). Springer, Berlin, Heidelberg.
Matteson, M.L., Anderson, L. and Boyden, C., 2016. " Soft Skills": A Phrase in Search of
Meaning.portal: Libraries and the Academy.16(1).pp.71-88.
Nyaupane, G.P., Prayag, G., Godwyll., and et.al., 2020. Toward a resilient organization: analysis
of employee skills and organization adaptive traits. Journal of Sustainable Tourism,
pp.1-20.
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