Functional Areas of Business and Skills Needed by Employees

World of Work

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
2.0 What is a business?....................................................................................................................1
3.0 What are functional areas of business?......................................................................................1
4.0 What are the key functional areas of a business?......................................................................1
5.0 Description of various functional areas in business organisations............................................2
5.1.Marketing...............................................................................................................................2
5.2.Human resource management................................................................................................2
5.3.Customer service...................................................................................................................3
5.4.Finance...................................................................................................................................3
5.5.Research and development....................................................................................................3
5.6. Sales......................................................................................................................................3
6.0 Types of skills needed through Employees...............................................................................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......................................................................5
6.4.Skills needed by Finance employees.....................................................................................5
6.5.Skills needed by Research and development employees.......................................................5
6.6.Skills needed by Sales employees.........................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
The decisions related to the ways for using business aspects in effective way for provision of
offerings to audiences that needs various persons for operating into diverse jobs into a group. As
business size as well as scale enhances, this implies simultaneous maximisation into the
difficulties of their product portfolio (Agba, Ocheni and Agba, 2020). Moreover, it even drives
towards development of functional areas which belongs to firms. Each functional area tends to
provide their specific as well as valuable contribution to company as whole. This report
highlights the various functional areas that pertinent to enterprise in addition with proficiencies
which are needed through staff for operating the business effectually into some entity’s
functional areas.
MAIN BODY
2.0 What is a business?
Business may be considered as the economical system in which products as well as services
are interchanged for money or money’s equivalent. Moreover, this is commercial arrangement
that is mainly intended at enhancing the profitability and incomes through considering
strategically plan of action additionally with competitive steps.
3.0 What are functional areas of business?
Functional areas may be undertaken as the group of persons that applicable to entity who
possess same types of competencies, proficiencies, capabilities and understanding. In this
respect, it have been determined that all business is composed of functional areas that perform
together in coordinating as well as cooperating with one another for attaining gainful results for
entity.
4.0 What are the key functional areas of a business?
All entity functioning into the limitations of economy in incorporated within group of
individuals based upon activities performed through them. Such grouping is performed for
providing raise for the concepts of functional areas into entity (Albrahim, 2020). Moreover, these
are essential for smooth operations of any entity at market areas. Additionally, this has been
determined that few of common functional areas into business are sales, finance, human resource
management, and others. Along with this, there are various other functional areas which related
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