Report on Functional Areas and Skills for IOM Electronics Limited

This report provides an analysis of the various functional areas within a business organization, emphasizing the essential skills required to effectively manage these areas. It identifies key functional departments such as Human Resources, Accounting and Finance, Marketing and Advertising, Information Technology, and the Legal Department, detailing their respective roles and responsibilities. The report further explores critical skills necessary for employees and managers to excel in these functional areas, including monitoring and managing systems, data handling, communication, and technical proficiencies. The conclusion underscores the importance of each functional department for the growth and expansion of a business, suggesting actionable insights for improving organizational effectiveness. This student-contributed assignment is available on Desklib, where students can find additional resources and study tools.

Functional Areas

Contents
Introduction...........................................................................................................................................3
MAIN BODY...........................................................................................................................................4
Functional area in business organizations.........................................................................................4
Skills required in functional areas......................................................................................................5
Conclusion.............................................................................................................................................8
References.............................................................................................................................................9

Introduction
John has less experience so he somewhere lacks in skills which is needed by an employee so
that they can work effectively and can result better in the organization. Recently John has just
won £10 million in one lottery. So, John has decided to buy IOM electronics limited and
decided running of that company by their own. This company is an organization with 200
employees which are based in two sites which are Manchester and Liverpool. John
understands that to manage a business, he is requires proper skills and knowledge. He accepts
that he does not have any practical knowledge, requirements and responsibilities which is
involved in running a business. This report analyses the various functional areas involved in
the business and required skills to manage these functional areas in an organization.

MAIN BODY
Functional area in business organizations
Human Resources
Recruiting human resource in the form of employees is the well-known task of business
department. Human resource is considered as the important part of the business as employee
are the sword of the business. An employee can make or break the company so human
resource is the functional area which put right people to right place for the proper working of
the organization and for earning effective and efficient growth and profitability (Pan, Lu, and
Lei 2018) . In this Human resource managers have to hire people with proper experience,
skills and qualifications. Human resource also considers the effective areas in the
organization that are relation between employees and managers, organizational development,
training and learning and compensation and benefits. John should have the proper knowledge
of human resource as it is considered as the critical asset and organization needed skilled and
knowledgeable employees.
Accounting and Finance
As in an organization human resource Is considered as the heart of the company so
accounting and finance is its lifeblood, as take care of all the money in the organization. An
organization is nothing without monetary terms as no operational or any kind of function can
be performed without money. A business cannot be started and cannot be able to run without
money (Ferguson, and Lowes, 2019) . The main responsibilities of this functional areas are it
have to take records of money going in, which is account receivables and the money that goes
out which is account payable. This area also takes a charge of payroll and make sure that
employee of the organization is getting paid accurately or not. In this financial statement and
reporting can also be used for forecasting, budgeting and decision making in the business.
John should have proper knowledge of accounting and finance sectors and it all deals in
money and money is the main purpose of opening an organization to earn profit.
Marketing and advertising
After a certain time, every organization needs a growth in the organization and wants to
increase their market and customer base all over the world. For the growth and expansion of
the business marketing and advertising strategies are required. This department in an
organization plays a huge role in promoting the organization and also accomplish the vision
and mission of the company. They take care as a whole in pricing, packaging and bringing
new and innovative products in the market to target the potential customers (Prusty, Barik,
and Swain, 2019). For the advertising and marketing of organization proper surveys and
research has been required for fulfilling customer satisfaction, needs and requirements. John
should have proper knowledge for this department which has vital role in an organization and
it will also help his company for growing and expanding in different areas.
Information Technology
Nowadays, each business uses information system and computers and this department is
responsible for hardware, architecture, networking and software. This department provides

various support so that employees can use IT resources in the most effective way which is
relevant to the business. Managing information security is to protect corporate and IT
infrastructure data from threats like cybercriminals and viruses (Nosratabadi, Bornapour. and
Gharaei, 2019). This department also includes data management which involves distribution
of data, collection and storage of data. Operation and department support effective
collaboration and communication within the company and also allows website maintenance.
John needs to have appropriate knowledge of IT department for the better and innovative
assessment of internal department of organization.
Legal Department
The legal department is a crucial functional area which is responsible and provides all the
legal services and advice to the business, employees and the departments of the organization.
This department work as a formal representative on the behalf of owner and company
(Kaufmann, 2021). This department deals with every legal matter of an organization which
includes litigation, contract management, real estate transaction, business development,
employment law and it any customer claims against any product defect and damage. John has
to understand it is the most important department in an organization which sees all legal
requirement and policies of the organization.
Skills required in functional areas
Skills are essentials for a job seeker to grow especially when a person decides to step in to a
new industry or applying for new role. Skills learned and gained from one job or an industry
can be applied and used for another, and displaying such skills on resume gets you the best
shot at success while applying for a new job. Skills mentioned below are the important as
well as beneficial skills that employers and managers look for in their candidates at the time
of recruitment.
Monitor & Manage Systems
In the field of operation management, the experience of monitoring and inspecting various
operating systems is the best achievable skill for supervisor and managerial role (Tolok, and
Tolok, 2018).The example of such a skill would be the skill of looking after or supervising
internal systems of sending the inventory and holding it as well, which could be utilised in
warehouse.
Arrange & Retrieve Data
As most of the administrative roles demands potential to work on various data, whether it is
numeric data points, client information or data of sales. The ability to organize, track and
interpret is an essential skill. Adding this skill on the resume and also elaborating it works in
the favour of candidate.
Categorize and summarize data

This skill is a creative initiative which categorizes and summarizes data points and key
information respectively in order to share with another divisions, and management levels
(Meissner, Nordt,and Weigelt, 2019). This skill is focuses mainly on organization of data.
Displaying the proficiency in this skill displays the expertise of a person.
Communication & Interpersonal Skills
This skill is the most important one for a candidate applying for a job, whether it is verbal or
written skill of communication. Putting this skill on your resume is relevant as well as
necessary since business takes place among people and communication is the key
requirement.
Facilitate Discussion
The potential of managing people in an area of conversation whether in team meetings or
among organizations is a powerful skill for a suitable candidate (Dijkstra, Poelman, and
Veneri, 2019). It involves taking the responsibility in a situation of social work for asking
questions, and in order to display leadership skills.
Public Speaking
Public speaking is a fortunate skill whether speaking to teams or delivering presentations. A
person who has a public speaking experience and the confidence along with that is highly
privileged and the reason for the same is that large number of people struggle with public
speaking.
Written communication
It is a beneficial skill for all the industries. Which is required in writing clear and good
emails and to work on external as well as internal writing content (Bin, Sun,and Chen, 2021).
To be able to edit documents with expertise in grammar along with punctuation and
summarizing is a great talent.
Languages
Having the ability to speak, write and read in different languages can be really helpful.
Stating all the languages that a candidate can read speak or write in a resume highlights the
abilities of a person.
Research
The ability to research effectively displays a great sense of searching, database knowledge
and how to make the best use of time for necessary information (Ackah, 2019). If a person
has a good research experience, that should be displayed and the research work done in past
should also be included.

Use of Writing/Office Programs
Every candidate who applies for a job can usually use programs like MS Word and Google
docs. Proficiency in other advanced skills in office suite for example, Microsoft excel and
Google sheets gives an edge over competition. Since everyone doesn’t have these skills so
listing such kind of skills on resume is beneficial.

Conclusion
This report concluded that each and every functional department is important in an
organization. The main functional areas in an organization are human resource, accounting
and finance, marketing and advertising, information technology and legal department. This
report also involves the skills which is required for employees and managers for working
effectively in functional areas. John has been suggested skills and knowledgeable functional
areas that is important for growing and expanding his local business of electronics. There are
various responsibilities and requirements are involved in running an organization. This report
also concluded the importance and need of functional area.

References
Books & Journals
Dijkstra, L., Poelman, H. and Veneri, P., 2019. The EU-OECD definition of a functional
urban area.
Tolok, A.V. and Tolok, N.B., 2018. Mathematical programming problems solving by
functional voxel method. Automation and Remote Control, 79(9), pp.1703-1712.
Meissner, T.W., Nordt, M. and Weigelt, S., 2019. Prolonged functional development of the
parahippocampal place area and occipital place area. Neuroimage, 191, pp.104-115.
Ackah, M., 2019. Soil elemental concentrations, geoaccumulation index, non-carcinogenic
and carcinogenic risks in functional areas of an informal e-waste recycling area in
Accra, Ghana. Chemosphere, 235, pp.908-917
Bin, S., Sun, G. and Chen, C.C., 2021. Analysis of functional brain network based on
electroencephalography and complex network. Microsystem Technologies, 27(4),
pp.1525-1533.
Pan, H., Lu, X. and Lei, K., 2018. Lead in roadway dusts from different functional areas in a
typical valley city, NW China: contamination and exposure risk. Environmental
Science and Pollution Research, 25(1), pp.523-532.
Ferguson, A.V. and Lowes, V.L., 2019. Functional neural connections of the area postrema.
In Nucleus of the solitary tract (pp. 147-158). CRC Press.
Prusty, K., Barik, S. and Swain, S.K., 2019. A corelation between the graphene surface area,
functional groups, defects, and porosity on the performance of the nanocomposites.
In Functionalized Graphene Nanocomposites and their Derivatives (pp. 265-283).
Elsevier
Nosratabadi, S.M., Bornapour, M. and Gharaei, M.A., 2019. Grasshopper optimization
algorithm for optimal load frequency control considering predictive functional
modified PID controller in restructured multi-resource multi-area power system with
redox flow battery units. Control Engineering Practice, 89, pp.204-227.
Kaufmann, C.N., 2021. Functional Aspects of Haida Argillite Carvings. In Ethnic and
Tourist Arts (pp. 56-69). University of California Press.