Functional Areas of Business

BSc (Hons) Business Management with
Foundation
BMP3004
World of Work
Functional Areas
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Contents
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Table of Contents
1.0 Introduction.........................................................................................................................2
2.0 What is a business?..........................................................................................................2
3.0 What is Functional areas of business –Definition ?.........................................................2
4.0 What are the key functional areas of a business?.............................................................3
5.0 Description of the various functional areas in business organizations............................3
5.2 Human Resource Management:.......................................................................................3
5.3 Customer Service:............................................................................................................3
5.4 Finance:............................................................................................................................3
5.5 Research and Development:.............................................................................................3
6.0 Description of the types of skills needed by employees..................................................4
to be able to work effectively in these functional areas.........................................................4
6.1 Skills needed by Marketing employees:..........................................................................4
6.2 Skills needed by Human Resource Management employees:..........................................4
6.3 Skills needed by Customer Service employees:...............................................................4
6.4 Skills needed by Finance employees:..............................................................................4
6.5 Skills needed by Research and Development employees:...............................................4
6.6 Skills needed by Sales employees:...................................................................................4
Conclusion..................................................................................................................................5
References..................................................................................................................................5
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1.0 Introduction
Functional areas are the groups of representatives who have comparative abilities and
aptitude. For instance, an organization is an outreach group is a typical practical territory of
the staff in this space that would all be centered as around to the manner of role of selling of
the organization's items. Functional areas are the department in the business who have similar
skills in the business they are various department in the business in which various skills are
required because in there are different activities which are performed in the business
according to which goals of the business will be achieved in the business. In the Functional
areas of the business helps in improving the services of the business so that goals of the
business can achieved affectively in the marketplace.
2.0 What is a business?
A business is get characterized as an association or ambitious components that are
occupied in the business term of the mechanical or as the proficient practice. Management
that can be drive out the substances of non-benefit terms of the associations that perform the
manner to satisfy a generous vision for further social sections. Business is the activity of
selling the goods and services so that profit can earned and basic needs of the economy can
be satisfied properly in the business. business helps in developing the growth of the economy
by satisfying the requirement of the economy in the market.
3.0 What is Functional areas of business –Definition ?
Various capacities in the functional areas that are performed and managed by various
sections and the capacities as inside to the business that are performed and controlled
by various pieces of the management. It is one of the basic orientation of the reason
for isolating business activities into the practical manner of the units is to allow each
to work as inside in the subject matter. Hence making the more section of the
productivity and profitability as across to the business in general form of the business.
There are various functional areas of the business which helps in increasing the
productivity of the business in the market so that profit can be increased. There are
various department in the business
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