Analysis of Business Functional Areas and Essential Employee Skills

This report provides an in-depth analysis of functional areas within business organizations, including management, operations, marketing, finance, and human resources. It highlights the critical role each function plays in achieving business objectives and maintaining a competitive edge. Furthermore, the report identifies key skills that employees need to effectively perform in these functional areas, such as communication, decision-making, innovation, and leadership. It emphasizes the importance of continuous learning and development to adapt to evolving business needs and technological advancements. The conclusion summarizes the interconnectedness of these functional areas and the necessity of skilled employees for organizational success, with the report drawing upon various academic sources to support its findings. Desklib offers this and other solved assignments to aid students in their studies.

1

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Functional areas in business organizations..................................................................................3
Types of skills needed by employees to work effectively on new functional areas....................5
CONCLUSION................................................................................................................................7
REFERNCES...................................................................................................................................8

INTRODUCTION
Functional areas for businesses can be understood to be highly essential aspect, used
among businesses for completing their set targets diversely and gaining best working outputs
innovatively. The report will shed in depth light on various areas for functional areas in
businesses, and skills required among individuals to further be competent in complete rise on
new vision arenas. Study will also completely focus on gaining new rise towards untapped new
goals, stringent working parameters essentially for complete working benchmarks within longer
extended paradigms.
MAIN BODY
Functional areas in business organizations
The various functional areas of business operations can be understood by critically
focusing on extended working horizons, where management has been widely evolving to adopt
productive working vision significantly. By analysing functional areas, it has been further
evolved to be one of the main aspect for utilizing work quality standards innovatively and
strengthening vital paradigms. The functional areas of businesses are as follows: Management,
operations, marketing, accounting and finance which further plays highly essential role to
determine the best effective working results significantly. Management: This is one of the most significant aspect, where companies are heading to
evolve on new scale management expertise parameters and work on productive theories
and aspects connected to bring on new results actively. Management further aims to
develop critical extended business aspects innovatively which evolves rise on gaining the
best scale working delivery targets. The theories and business strategies formed up in
Gethsemane function, plays crucial role for attending towards new critical working reach
rapidly on extended business grounds diversely (Yulianto, Sudirman and Setiawan,
2021). Operations: The operations are another critically essential, in new businesses among
companies where supply chain management further evolves rise on bringing the best
technical working expertise. The brands are using the best scale working technical
aspects to deliver new working rise on extended business aspects, and gain longer
productive goodwill parameters diversely. The operations further also determines new
business goals, enable expertise to be also keenly worked on for connecting towards

technical working pathways widely. Operations specifically should be shaped up
effectively for connecting towards productive customer satisfaction targets, and
determining long term working expertise strategically. Marketing: The role of marketing function, can be understood as highly essential for
strengthening business competencies diversely on bringing digital promotions
significantly on companies operations. Marketing function also further evolves rise to
new performance rise on contacting wider range of customers, where services of
marketing are further expanded towards fundamental expansion (Prathap, 2020). It can be
also analysed that marketing function has been evolved to be one of the major aspect,
where it shapes ideal working specifics for further promotional usage in strengthening
business diversity. Marketing functions holds specific importance to determine
strengthened vision, and also determine operative expansion for also enlarging specific
aspects innovatively for developing scope significantly. By using marketing investments,
companies aim to develop critical working reach informatively and advance up specific
pathways dynamically for operative growth. Finance: The role of finance as one of the main another crucial business organization
holds specific scope for untapped new business goals in terms of capital investments and
also enhancing capital output. The finance organization function, holds specific role from
strengthening vital competitive abilities for businesses to expand new range of vision
significantly on terms of expertise targets. Finance should be further optimized widely,
invested strategically for regularized scope within longer run which further also enhances
business efficacy (Kazarenkova, Obukhova and Maslov, 2021).
 Human resources: Role of HR function, also further holds specific importance to
develop strengthened rise on training workforce, determining larger extended business
grounds and also developing motivation. The human resource function, holds further
scope to evolve towards new working rise diversely for extended developing. HR
functions, are also critically essential to further develop optimistic working scenarios.
The functional arena of HR delivers most significant role to further integrate best
essential scope for improvisation new vision oriented paradigms dynamically.
The varied operations analysed above, within business functions have been found to be crucial
for strengthening working reach innovatively and addressing scope significantly on extended

business grounds variedly. Also, companies are further taking up active steps, for strengthening
business functions vital usage and implementation of most innovative steps for developed
working creativity (Heines,and et.al, 2021).
Types of skills needed by employees to work effectively on new functional areas.
There are various skills highly essential among workers and workforce potentially among
new functional areas, for determining new varied competences rapidly on business grounds, It
can be also analysed that professional abilities and employees working aptitude should be
strategically advanced, for enhancing functional knowledge varietal towards advanced expertise
strategically. There are varied business ideas, new skills rise essential for all employees to be
actively attending business functions and be potent on new working specifics essentially within
new working grounds.
There are some skills which an employee should have so that they can work effectively
and complete their work on time. In an organisation, managers are recruiting employees who are
having knowledge and skills which is required. It is important to focus on accomplishing goals
and objectives of company. At the workplace, skills that are require to perform effectively like,
good communication skill, decision making skill, problem solving skill, delegation skill,
motivating skill, leadership skill, innovation skill (MAURYA and SHARMA, 2017). These are
skills which an employee should have so that they can perform efficiently in functional areas. It
is important to have good communication skill because in an organisation it helps in achieving
targets and company can earn more profit. When there is proper communication in the
organisation then work can be completed on time. It is important to focus on communication
within an organisation so that there will be no confusion and all employees can do their work as
per instruction given.
Managers are responsible for making structure which help in proper communication and in
the structure roles and responsibilities of every person is mentioned. This helps in accomplishing
targets and company can earn more profit. An employee should have decision making skill
because sometimes, in the organisation situation arises in which employee have to take decision.
This helps in taking good decision which is beneficial for an organisation and goals and
objectives are accomplished. Nowadays, trends are changing and it is important for an employee
to have some skills so that they can work efficiently. There are different functional areas in an

organisation like, marketing, finance, human resource, operations etc. These are different
functional areas and to perform work effectively. When an employee has necessary skills then it
becomes easy to work efficiently because employees are having knowledge and they know how
to complete work (Sousa and Rocha, 2019).
Communication skill – this is one of the important skill which is required at the workplace
because if there will be improper communication then it create misunderstanding or confusion. It
is essential to have good communication between employees so that work can be completed on
time. Proper structure should be made by managers for communication and define roles and
responsibilities of every employee clearly to avoid confusion or misunderstanding and goals of
organisation can be accomplished.
Decision making skill – this skill helps in taking good decision which is beneficial for
growth and development of company (Hamilton and Davison, 2018). It is important that an
employee should have good decision making skill so that they can help in taking decision which
is beneficial for growth.
Innovation skill – this skill is required at the workplace because employees are having
right to suggest new and innovative idea so that goals and objectives of company can be
accomplished. It is important to have innovation skill so that better ideas can be suggested and it
helps in growth of company (Dughera, 2020). This helps in implementing unique ideas and
company can earn more profit.
Leadership skill – leadership skill helps employee in influencing others and work can be
completed within the given time. In an organisation work is divided in teams and leader is made
so that they can handle all the things and motivate their team members to work efficiently.
Learning skill – learning skill is essential because at the workplace there are many things
which an employee should learn as it is beneficial for them in their future growth. Learning
never stops because an employee learns some skills while working in the organisation. There are
many people working in company and all are having different way of working and knowledge.
This helps other employees to learn way of working and all employees should work together and
focus on achieving goals and objectives of company (Colombo, Mercorio and Mezzanzanica,
2019).

CONCLUSION
From the above discussion it can be concluded that, there are many functional areas in an
organisation and all are working together so that goals and objectives can be accomplished.
Different functional areas like, finance, marketing, human resource, management, operations has
been described. Further, types of skills which employees should have and required at the
workplace like, communication, decision making, innovation, leadership skill has been
discussed.

REFERNCES
Books and Journals
Colombo, E., Mercorio, F. and Mezzanzanica, M., 2019. AI meets labor market: Exploring the
link between automation and skills. Information Economics and Policy. 47. pp.27-37.
Dughera, S., 2020. Skills, preferences and rights: evolutionary complementarities in labor
organization. Journal of Evolutionary Economics. 30(3). pp.843-866.
Hamilton, R. H. and Davison, H. K., 2018. The search for skills: Knowledge stars and innovation
in the hiring process. Business Horizons. 61(3). pp.409-419.
Heines, R.,and et.al, 2021. Need for Change: Business Functions Affected by the Use of
Decentralized Information Systems. In 42nd International Conference on
Information Systems (ICIS).
Kazarenkova, N., Obukhova, A. and Maslov, A., 2021. Implementing the Social Functions of
Business in the Digital Economy. In SHS Web of Conferences (Vol. 110). EDP
Sciences.
MAURYA, C. D. and SHARMA, A. K., 2017. THE ROLE OF MANAGERIAL SKILLS IN
SUCCESS OF AN ORGANIZATION. CLEAR International Journal of Research in
Commerce & Management. 8(6).
Prathap, S .K.,2020 Making of An Entrepreneur–Concepts and Functions. In Entrepreneurship
Development in Food Processing (pp. 17-29). CRC Press.
Sousa, M. J. and Rocha, Á., 2019. Skills for disruptive digital business. Journal of Business
Research. 94. pp.257-263.
Yulianto, E., Sudirman, I. and Setiawan, A., 2021. Developing a Conceptual Model of
Implementation of Business Functions Integration in the Internal Business Process
Performance. Asia Proceedings of Social Sciences, 8(2), pp.73-78.