Report: Functional Areas and Essential Skills in the World of Work

This report provides an overview of functional areas within a business institution, including management, operations, accounting, marketing, and human resources. It highlights the importance of each area and the skills required for employees to perform effectively within them. Key skills discussed include communication, decision-making, innovation, problem-solving, conflict resolution, and teamwork. The report emphasizes the need for employees to develop these skills to contribute to the overall success and competitiveness of the organization. It concludes that understanding and managing functional areas, coupled with a skilled workforce, are crucial for a business to thrive.

World of Work

Contents
INTRODUCTION.........................................................................................................................3
MAIN BODY..................................................................................................................................3
Types of functional areas in a business institution......................................................................3
Skills required by employees within the functional areas...........................................................5
CONCLUSION..............................................................................................................................7
REFERENCES..............................................................................................................................8

INTRODUCTION
Business entity can be defined as an institution wherein a number employees cater their service
so as to acquire the organizational goals and objectives within the appropriate time frames. The
primary goal of business firm is to facilitate profit maximization (Bement and D'Souza, 2021).
The report highlights upon the case scenario of John, who requires to obtain a precise overview
about the integral business practices and skills. The report signifies the functional areas within
the business firm. In addition to this, the skills needed to work effectively within the functional
areas of a business are also depicted within the concerned report.
MAIN BODY
Types of functional areas in a business institution
 Management
Management can be characterized as a type of functional area which focuses upon ensuring that
all the business practices are planned, organized and controlled in an accurate and appropriate
manner. The first and foremost goal of management is to facilitate the supervision of the
performance carried out by the employees serving within a particular organisation. Management
needs to ensure that all the tasks and duties are completed with effectiveness and efficiency.
Planning is a part of management process which include the formulation of goals, objectives,
policies, procedures and plans which are required to be achieved in a significant manner by the
members of the organisation (Meza-Mejía, et.al, 2020). The higher level management is
provided the role of planning the business activities of the organisation lays focus over selection
an acquisition of necessary and relevant resources which will be required in order to carry on the
business process of the institution with productiveness. Controlling provides emphasis upon
measuring the effectiveness of the performance facilitated by the staff in order to compare the
same with the pre-established standards set by the organisation. The respective function provide
assistance to the entity to identify the grievances and elevate the control mechanism in order to
provide necessary solutions to the same so as to stimulate growth and consistency of business
operations in a potential manner

 Operations
Operations can be termed as an integral part of functional area which is focused upon the
conversion of raw material into finished goods and services. The respective function lay concern
over ensuring that all the business operations are elevated to the organisation best capability and
potential. The operational department is given the responsibility to gain an overview about the
business operations of the concerned business entity in order to elevate the proficiency of the
same.
 Accounting
Accounting can be considered as a functional area of business institutions which is concerned
with the recording of business transactions facilitated by the organisation. The reason for the
same is that it assists the business in formulating the most profitable decisions in favor of the
organisation (Hillmann and Guenther, 2021). It is the utmost responsibility of the accounts
department to maintain and showcase appropriate accounting statements in a sincere and honest
manner.
 Marketing
Marketing can be termed as a business function which is very vital as well as east is for the
success of an enterprise. Marketing allows the business organisation to identify analyses and
determine the needs as well as wants of the target customers in relation to what they want, what
are their expectations from the firm, new consumer trends and cultures. Marketing also include
the promotion of organizational offerings among the target market with the capitalization of
innovative ideas, campaigns, strategies. Marketing also serves a competitive benefit to the
business firms as it assists the organisation in acquiring a competitive edge within the
considerate market by enhancing the awareness in regard with goods and services offered by the
firm.
 Human Resource
The HR department of an organization is required to recruit and hire productive and skilled
employees which can provide necessary leverage to the firm. The HR personnel must ensure

healthy working environment within the firm by facilitating policies and procedures to guide the
employees working in the organization (Min, 2021). The HR needs to regulate effective
employee management practices through fair remuneration, equal treatments of employees,
maintenance of employee relations etc. Therefore, it is necessary for the firm to formulate an
effective HR tam which can manage the workforce in an advance and productive way.
Skills required by employees within the functional areas
 Communication
Communication can consider to be a highly significant skill or doing well within functional areas
as it allows the employees to interact with their subordinates in a flexible manner.
Communication skills facilitate in conveying messages across the organizational setting a clear
and precise manner. The respective skills allow the staff members to express their viewpoints
and opinions with full confidence in front of their mentors and higher authorities (Park, McLean
and Yang, 2020). Also, these skills compel the individuals facilitating their services within the
firm to share their knowledge as well as ideas in the best manner possible. Hence, it can be stated
that communications exhibit a pivotal role within the firm.
 Decision Making Skills
Decision making ability can be termed as the ability of an employee to formulate and implement
the correct decisions at the right moment in order to gain much needed advantages and perks
within the institutional setting. It is very important for the staff members to work on their
decision making ability in order opt for excellent choices within the workplace and elevate the
standard the work facilitated within the organisation as well. Therefore, staff members must try
and work upon the decision making skills within the workplace in order to capitalize upon
excellent opportunities.
 Innovation and Creativity
The emergence of innovative ideas and the creation of creative plans by the end of the employees
helps the same to come across as an asset for the respective institution. It is extremely vital for
the staff members to come up with innovative plans and procedures which can facilitate in the

elevation of the performance of the company (Švač and Cagáňová, 2020). Creativity enhances
the working ability of the individuals as it provides interesting ways to do maintain work.
Therefore, employees must possess creative and innovative thinking which can help them to
strive harder for the formulation of strategical plans through which their company can attain
competitive edge within the market and provide a tough competition to the rivals as well.
 Problem Solving and Conflict Resolution Ability
Every organization strives to acquire a workforce which has the essential skill-set to solve certain
as well as uncertain problems which arise in the workplace setting of the same. In order to work
in an effective manner within the functional areas, it is very crucial for the staff to elevate their
problem solving skills in order to resolve the issues in an optimum manner. The employees who
tend to show impressive problem solving skills are likely to be considered valuable for the firm.
They are expected to be given the responsibility to take charge in a situation of conflict in order
to showcase their talent of solving the complex issues and situations successfully. Moreover, it is
very evident that an organization can face a number of issues due to fluctuations or disturbance
in the micro as well as macro environment. These issues may have major impact upon the
functional department of the firm. Therefore, in order to comate these issues in an impressive ad
manner, it is vital for the employees to have the conflict resolution capability in them. The
respective ability will allow them to face the issue confidently and overcome the same within
great efficacy and efficiency.
 Team work
Teamwork can be termed as the ability of the individuals to work in a group with complete
alliance and dedication in order to accomplish the given setoff task and duties in the best of their
ability. Team work promotes the efficiency within the employees as it saves the time and efforts
of the same while working on a particular project. It allows the employees to be more productive
within their filed of work and achieve their greater outcomes within a set timeframe. When a
number of individual work together, they engage with each other and share their views and
experience among the group. They build a good working rapport among themselves which in
turn facilitates in the promotion of employee relation which tend to become an added advantage
for the firm (Tsirkas, Chytiri and Bouranta, 2020). Hence, it can be said that that teamwork skills

are exceedingly imperative for the employees in order to work brilliantly within the functional
areas as they need to collaborate with each other regularly for the leading the business practices
in a precise manner.
CONCLUSION
From the above conducted discussion, it can be summarized that in order to run a business
organization, it is very necessary for owner to learn about the functional areas of the business.
This is crucial in order to identify the ways in which the functional areas are operate and
managed. It can be stated that problem solving, innovation, communication, team work etc. are
the skills which needs to be developed in a proficient mannerism by the employees in order to
work in accordance with the functional setting of an enterprise.

REFERENCES
Bement, D. and D'Souza, D.E., 2021. Measuring the Cross-Functional Integration Skills of
Business Majors. In Academy of Management Proceedings (Vol. 2021, No. 1, p. 10653).
Briarcliff Manor, NY 10510: Academy of Management.
Meza-Mejía, et.al, 2020. Introduction. Strategy, Power and CSR: Practices and Challenges in
Organizational Management, Emerald Publishing Limited, Bingley, pp.329-339.
Hillmann, J. and Guenther, E., 2021. Organizational resilience: a valuable construct for
management research?. International Journal of Management Reviews, 23(1), pp.7-44.
Min, Z., 2021. Public welfare organization management system based on FPGA and deep
learning. Microprocessors and Microsystems, 80, p.103333.
Park, S., McLean, G.N. and Yang, B., 2020. Impact of managerial coaching skills on employee
commitment: the role of personal learning. European Journal of Training and Development.
Švač, V. and Cagáňová, D., 2020. Managerial skills for innovation support. Mobile Networks
and Applications, 25(3), pp.925-931.
Tsirkas, K., Chytiri, A.P. and Bouranta, N., 2020. The gap in soft skills perceptions: a dyadic
analysis. Education+ Training.