Analysis of Functional Areas in Business Organizations and Skills

This report provides an in-depth analysis of business functional areas, including marketing, human resources, finance, customer service, research and development, and sales. It explains the importance of each area and how they contribute to a company's success. The report also details the specific skills required for employees to work effectively in these functional areas, such as communication, problem-solving, and analytical skills. It uses IOM Electronics Limited as a case study to illustrate the application of these concepts. The report emphasizes the need for organizations to focus on functional areas to achieve competitive advantages and enhance overall productivity and profitability. It concludes by highlighting the significance of having all functional areas and employing skilled individuals in each area for organizational success. This assignment is contributed by a student to be published on Desklib, a platform providing AI-based study tools.

Business Management with Foundation

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Description of the various functional areas in business organizations........................................5
Description of the types of skills needed by employees to be able to work effectively in these
functional areas............................................................................................................................6
CONCLUSION................................................................................................................................7
REFRENCES...................................................................................................................................8
Books and Journal........................................................................................................................8

INTRODUCTION
Which is time is the company which engaged in operational practices. The term business
also prefer to the organization goals and activities of the person in order to actual and produced
goods and services in order to earn profit going to illustrate above the business functions and
skills which are required for working in the organization (Wrigle and Straker, 2017). Along with
this report is going to illustrate about the find the physical teacher required by the workers in
order to become capable and operate effectively in the functional areas. In addition to this report
also going to highlight
IOM Electronics Limited company and situated in Manchester.
MAIN BODY
What is Business?
Business is the term which refers to the economic activity which includes the Purchase
sale of production of products and services in order to earn profit and satisfy the requirement of
the client. This is the term which can be both profit or non-profit carbonate that aim is to earn
profit in achieve a social causes respectively(Fast and Clark, 2018). In order to operate the
business it is very required for the company to you have particular aims and objectives in order
to earn profit and achieve them in an appropriate manner.
What is functional area in the business?
Functional area at the time of the workers who have appropriate skills and expertise
functional area is very important for the company because it allowed the company and employee
to operate within the area in order to build efficiency and effectiveness across the business. There
are two functional rules which describe group of skills and practices which are formed by the
department within an organization in order to achieve their goals and objectives.
What are the key functional areas of business?
In context of IOM electronics limited company There are names in the functional areas of
management at is human resources management functional area, production office management
area, finance management area , marketing management area, informational technology. The
functional area also known as operational management area and these are the main 5 functional
areas of management which help the company to achieve the target in a minimum time period. It

is very important for the organization to focusing on the functional areas in order to become
successful and get more competitive advantages in the Marketplace.
Description of the various functional areas in business organizations
There are several functional areas of business with help the company to operate successfully in
the Marketplace. That is human resources who help the company to recruit people into the
company achieve the goals and objectives of the organization. The another functional area of the
company is accounting and Finance taking care of the budgeting forecasting and other decision
making process which is associated to the financial stability of the organization (Pang, 2020)
And other area of the organization is marketing and advertising with support the company to
promote their products and services in order to gain more competitive advantages. Along with
this, the information Technologies is the area which supports the company to adopt several
technologies in order to communicate with their clients in an appropriate manner.
Marketing: Marketing is the functional area which supports the company to promote their
products and services in the Marketplace in order to gain more opportunities and create more
customer base in the organization. In order to become successful the organization is using digital
marketing social media platform in order to communicate with their clients and solve their
queries so that they can build a man relation with them in order to efficiency and effectiveness in
the market place.
Human resources management: it is a functional area of the company which help them to more
talented people in the organization and provide training and development programs in order to
enhance their skills so that they can give more positive outcomes towards the organization.
Human resources management team is very important for the company in order to recruit and
select talented people in the company in order to enhance the productivity and profitability of the
company.
Customer service: customer service areas also very important for the company in order to
resolve the theories of the consumer and find out the solution of the consumer problems so that
they can build a relation with their clients and get more opportunities in order to enhance their
business. The main responsibility of the customer services is to provide appropriate information
and resolve the queries of the clients.

Finance: It is very important for the company because it helps the company to identify
neutralize the points in an appropriate manner. It help the company to maintain the financial
stability of the organization and also help them to control the cost efficiency and maintain the
budget of the company in order to maintain the natural resources of the company.
Research and development: these are the very important area of the company because it help
the company that to research about the employees and identify the requirements of the training
and development area. Research and development area help the employees to enhance their skills
by conducting training and development programs so that they can enhance their skills and
improve their efficiency.
Sales: Is very important department in the organization that designs the company Logistic
according to the requirement of the sales. The important source of the sales department is to
monitor the distribution of the product and services(Singh, and Ramdeo, 2020). The basic
functions of the marketing and sales business function area is sales forecasting customer support
advertising taking sales order and many more.
Description of the types of skills needed by employees to be able to work effectively in these
functional areas
Skills needed by marketing employees
There are several resources and acquired by marketing in that is good teamwork skills
and capability to create and formulate amended plan. Along with this it is very required for them
to have appropriate communication skills in order to deliver their message towards the client.
Skills needed by human resources management employees
In which there are several kinds of skills which are required by human resources
management employee that is strategic most planning skills in order to formulate amended
planning to hire an amended people in the organization. Along with this it is very important for
them to have problem solving skills and amended communication is held in order to rise and give
training to their employees.
Skills needed by Sales employees
There are various skills which are Important for sales is active listening and time
management skills, relationship building skills, strategic prospecting these all are very important
for them for in order to trade their products and services in the Marketplace.

Skills needed by Finance employees
There are Amended skills which are require that is critical thinking knowledge about the
accounting and have aptitude for financial reporting along with this it is very important for them
to have analytical skills and Research skills in order to take the appropriate decision and
maintain the financial stability of the company.
Skills needed by Research and development employees
Skills required becoming a research and development engineer that is excellent verbal
communication skill and ability to create English. This very required for them to have capability
to use initiatives and pay attention to details in order to provide appropriate knowledge to their
workers.
Skills needed by customer service employees
There are few customer service skills which are required by them that are much important
to use positive language and is very require to them to have clear communication skills and self
control in order to take responsibility(Lehavi, 2017). Along with this is very important for them
to have appropriate knowledge about the company in order to solve the queries of their client in
an appropriate manner.
Are the skills which are required by the company in and functional area in order to get
success and get more several advantages. These all activities support the company to enhance
their capability in order to overcome the threat and enhance their efficiency and effectiveness in
order to get more competitive advantages in the Marketplace(Côrte-Real, Oliveira and Ruivo,
2017). These all functional areas like marketing, human resources management, sales, finance,
research and development, customer service all are very important and plays a very vital role in
the company in order to enhance productivity and profitability of the company.
CONCLUSION
From the above mentioned report it has been concluded that it is very important for the
organization to have every functional area in the company in order to get success. Along with
this it is very important for the company to hire more talented people in the company and
separate their employees accordingly who has appropriate knowledge regarding functional areas.

REFRENCES
Books and Journal
Wrigley, C. and Straker, K., 2017. Design thinking pedagogy: The educational design
ladder. Innovations in Education and Teaching International, 54(4), pp.374-385.
Côrte-Real, N., Oliveira, T. and Ruivo, P., 2017. Assessing business value of Big Data Analytics
in European firms. Journal of Business Research, 70, pp.379-390.
Fast, M. and Clark II, W.W., 2018. Cross-Disciplinary Scientific Foundation for Sustainability:
Qualitative Economics. In Sustainable Cities and Communities Design Handbook (pp.
33-63). Butterworth-Heinemann.
Pang, L., 2020, November. Foundation of Legislative Science With Frequent Misjudged Cases.
In 2020 International Conference on Management, Economy and Law (ICMEL
2020) (pp. 43-46). Atlantis Press.
Singh, R. and Ramdeo, S., 2020. Foundation Organizational Development and Change (ODC)
Models. In Leading Organizational Development and Change (pp. 99-122). Palgrave
Macmillan, Cham.
Lehavi, D., 2017. Setting a Solid Foundation: The BPAT. In Business Partnership Essentials (pp.
45-56). De Gruyter.