Functional Areas in Business Organisations and Skills Needed by Employees

World of work
individual report

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 1............................................................................................................................................3
Discuss the various functional areas in business organisations..................................................3
TASK 2............................................................................................................................................5
Discuss the types of skills needed by employees to be able to work effectively in these
functional areas...........................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Functional areas are the units of the organisation formed by the head of the firm to
structure the organisation in terms of the skills and experience of the employees. It is very for the
organisation to separate the employees as per their functions in the organisational to run the
company smoothly and also to set the goals and objectives of the firm. There are the various
functional areas in the organisation such as production, sales, finance, operations, human
resource etc. that functions individually and then integrate themselves to accomplish the main
objective of the company (Wang and Wang, 2020). The report contains the various functional
areas of the IMO electronic Ltd. a UK based global provider of the electronic systems and
appliances. The company is a well-known regional organisation with 200 employees based over
two sites in Manchester and Liverpool. The report outlines the various functional areas in
business organisation and the the types of skills needed by employees to be able to work
effectively in these functional areas.
MAIN BODY
TASK 1
Discuss the various functional areas in business organisations
Business organisation conduct various activities to offer the product and service to the
consumer to earn the potential profit for the organisation. Firms with a large range of operations
and production divides the human activities of an organisation into various teams on basis of
similar characteristics and skills which are required to accomplish particular job (Wolniak,
2020). The four main functional areas of the organisation are human resource, production,
finance and marketing and activities of these four combine together to achieve the desired goals
of the firm. The various functional areas of the IOM electronic Ltd are discussed below:
Finance Department
The finance department of the IOM Electronic Ltd. plays a role to manage and perform
the various financial activities to raise and deploy the funds (Stawasz, 2020). This is the most
essential department of the organisation as it handles the overall capital that firm acquires and
earns. As the regular flow of money or capital is very important for the organisation as without
funds organisation will run into debts and cannot survive for long term. Therefore, the finance
department of the organisation ensure the proper management of the funds so that the owner of