Functional Areas in Business: Description and Skills Needed

Functional Areas

Table of Contents
INTRODUCTION...........................................................................................................................3
Business...........................................................................................................................................3
Functional Areas of Business...........................................................................................................3
Key Functional Areas of Business...................................................................................................3
Description of Various Functional areas of Business......................................................................3
Marketing...............................................................................................................................3
Human Resource Management...............................................................................................4
Customer Service....................................................................................................................4
Finance...................................................................................................................................4
Research and Development....................................................................................................5
Sales........................................................................................................................................5
Description of Types of Skills needed by Staff...............................................................................5
Skills needed by Marketing Employees.................................................................................5
Skills needed by Human Resource Management...................................................................5
Skills needed by Customer Service........................................................................................6
Skills needed by Finance........................................................................................................6
Skills needed by Research and Development.........................................................................6
Skills needed by Sales............................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The project is based on functional areas in which various functional areas required in
business Organisation and skills required by the employees in order to work effectively and
efficiently. Through this report John can avail the information of the functional areas and the
skills which is required by Employees in Company. John is purchasing the local company, IOM
Electronics Ltd having 200 employees which is based on two sites in Liverpool and Manchester.
Business
Business is a process of running functional activities in order to gain profit and enhance the
growth of Organisation. To earn profit it requires an exchange of goods and services in terms of
money through which businesses maximise profit (Kasaev, Petrovskaya and Kasaev, 2019).
Business includes the Organised activities and efforts of employees to produce and sell of
products and services in despite of earning profit.
Functional Areas of Business
Functional areas are the business activities which allows individual to perform and operate
within its area of expertise. It is the activities which are performed in company in order to
accomplish the goals and objectives of business. All the functional areas work together and
interlinked to each other so that they can collectively achieve the business goals and objectives
of Organisation.
Key Functional Areas of Business
There are various types of functional areas in Organisation that works together in order to
accomplish the Vision and Mission of Business. Each functional area is unique and performs
different roles and responsibilities to each other. The Company cannot run successfully if any of
the functional areas doesn’t contribute their best efforts and performance (Shams and et. al.,
2018). The Functional areas in which employees work is human resource management, finance,
customer service, marketing, sales, research and development and Information Technology.
Description of Various Functional areas of Business
Marketing
Marketing is one of the functional areas of business operation in which the company focus
on managing and promoting the brand in order to grab the attention of more and more people.