This report provides a comprehensive overview of various functional areas within a business organization, including finance, human resources, marketing, operations, and research. It delves into the key activities and responsibilities associated with each area, highlighting their interdependencies and contributions to overall business objectives. Furthermore, the report identifies and discusses the essential skills required for employees to perform effectively in these functional areas. These skills include communication, interpersonal skills, presentation skills, problem-solving, leadership, and decision-making abilities. The report emphasizes the importance of these skills in fostering a productive and collaborative work environment, ultimately contributing to the success and growth of the business.