Report on Functional Areas in Business and Skills for Employee Success

This report delves into the various functional areas within a business organization, highlighting the critical roles each department plays in achieving overall business objectives. It identifies key areas such as management, operations, marketing, accounting, and finance, detailing their respective respo...Read More

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Table of Contents
Introduction..........................................................................................................................................3
Main Body............................................................................................................................................3
Describe various functional areas in a business organisation..........................................................3
Types of skills needed by employees to be able to work effectively in these functional areas.......4
Conclusion............................................................................................................................................6

Introduction
Business is a type of an enterprise in which the entrepreneurs are engaged while providing
their goods and services to the people in targeted market. This helps them in satisfying the
requirements of people and earning revenue from such activities (Adewuyi and et. al., 2018) . It is
important for them to develop such strategies which can be used by them in order to achieve the
ultimate goals of a firm. This is also helpful for the people to satisfy their needs and wants into a
better manner. The report is being discussed about the various types of functional area in an
business organisation. Lastly several skills are discussed which can be used by the employees so
that they can satisfy their job role into an effective manner.
Main Body
Describe various functional areas in a business organisation
There are several functions which must be developed by the business companies so that they
perform their operations into an better manner. Every company has developed the separate
department with context to their functional area so that each department can operate with their
expertise. They key functional area of the business are mentioned below:
Management: It is important for the company to have an management department as they will be
responsible for the follow work:
 Planning: Managers are responsible to plan the business with respect to their short, medium
and long term goals that can be achieved by the company. This helps them to develop an
plan in an effective manner so that they can easily achieve their goals.
 Organizing: They are responsible for organizing the business into an better manner as this
helps them to use their resources in effective manner.
 Controlling: it is important fro the managers to control their operations so that they can
easily determine the loopholes which helps them in better functioning of the organisation.
This also helps in ensuring that the business is going on the right track or not (Agwu, 2018).
The managers are also empower to take collectively actions so that it will be easy for the
enterprise to achieve their goals.
 Leading: Managers are the leaders of their team as they together use to develop the goods
and services of firm in competitive. The use to interact with other staffs, customers and
suppliers so that they can achieve their goals.

Operations: It is the department in which the inputs are converted into outputs. This is treated as the
heart of business organisations as is the one major aspects which helps them to satisfy the desires of
the targeted audience (Hendarman and Cantner, 2018). This also helpful in order to develop the
positive brand image of company in competitive market as this helps in enhancing the market share.
The manager is responsible to look after the day to day activities which helps the company to
analysis that they are working properly or not. The main work of the employees are to look into the
raw material and the resources that can be used by the company in order to develop their finished
goods as this helps them in achieving the targets of a firm.
Marketing:It is the department who is responsible to identify the targeted customers and also
responsible to determine their requirements so that the company can easily satisfy such needs and
wants which helps the firm to enhance their sale. The department use to develop the promotions of
goods and services and also analysis the ways which can be used by them in order to deliver their
products which also a helps them in attracting the customers in a better manner. The managers to
such department also use to identify the pricing strategies which can be used by the company so that
they can use it to to increase their sales. There are several techniques used by the company in order
to increase their sale which helps them to achieve their ultimate goals into a better manner
(Viriyasitavat, Anuphaptrirong and Hoonsopon, 2019). There are several companies which are using
social media platforms in order to promote their products so that the firm can encourage the
customers.
Accounting: In this the managers are responsible to provide the information so that the company
can take the decision and allocate the resources in better manner. This helps them in maintaining the
accuracy which is representing the financial transactions conducted by the department with context
to the internal and external parties (Pérez-Luño, Bojica and Golapakrishnan, 2019). The primary
work of this department is to prepare the financial statements which helps the enterprise to identify
their strengths and develop their strategies so that they can easily use their strength in order to
achieve their goals.
Finance: This department is responsible to manage the funds of an enterprise so that they can have a
smooth functioning of their operations. The department use to identify the short, medium and long
terms requirements of the company and for which it is necessary for them to raise their capital
(Botke and et. al., 2018). The department also use to identify the various sources of funds which can
be adopted by the company in order to raise their capital.
Types of skills needed by employees to be able to work effectively in these functional areas.
It is important for the company to heir the appropriate candidate within a firm as this helps them in

achieving their goals into a better manner (Ros-McDonnell and et. al., 2018). The employees must
poses all such skills which are required by them in satisfying their job profile. There are several
skills which are required by the employees so that they can work in an effective manner. Some of
those skills are mentioned below:
 Communication and Motivation skills: It is important for the employees to have a good
communication skills as this helps them to have a proper interaction with their colleges and
employer (Fuller, Jacobides and Reeves, 2019). To become an effective leader it is
important for that individual to have a good communication skills it includes verbal, written
as well as listening skills. It helps in filling the gap of communication within the working
environment. This resulted in the growth of company. This helps them in maintaining a
better relation which resulted in motivating the employees so that they can work in a better
manner.
 Operations and delegations: it is important for the employees to have an good knowledge
with respect to manage the work load within the company as this helps them to achieve the
common goal of the firm in better manner. The employees and the team leader must have an
good skill with respect to delegating their powers and work so that they can work together in
achieving the common goals of the firm (Kimani and et. al., 2020). This resulted in working
in efficiency and helps the workforce to identify the skills and knowledge which is required
by them in achieving their goals.
 Planning and strategic thinking: it is important for the employees to think bigger which
helps them in satisfying their job role in better manner. As it helps them in satisfying the
future goals and determine the strategies which can be used by them in encouraging an
innovation which can be adopted by the firm as that is beneficial for them (RAN, 2019) .
They are supposed to priorities the goals, reviewing the system which is being used by the
company so that they can analysis and determine the strategies which can be used by the
company in adopting it.
 Problem solving and decision-making: it is important for the employees to have an skills
which helps them in solving the problems on sport which helps the firm to have an smooth
functioning of their operations. (Szabó and Vas, 2019) As it is required hight concentration
from the sides of employees which helps them in understanding nature of dispute and the
ways which can be used by the company in order to resolve it.

Conclusion
It can be concluded from the above report that business is an enterprise where the
entrepreneurs are engaged in providing goods and services to targeted audience so that they can
earn profitability from competitive market. The report is being discussed about the several types of
functional areas which helps the firm to work together in order to achieve their goals. The report is
also talks about the important skills which must be developed by the employees as that helps them
in achieving their goals into better manner.

References
Books and Journals
Adewuyi and et. al., 2018. ICT Literacy: A Functional Instrument for Entrepreneurship
Development of Office Technology and Management Graduates. Kaduna Journal of
Humanities, p.49.
Agwu, M.E., 2018. Analysis of the impact of strategic management on the business performance of
SMEs in Nigeria. Academy of Strategic Management Journal, 17(1), pp.1-20.
Botke and et. al., 2018. Work factors influencing the transfer stages of soft skills training: A
literature review. Educational Research Review, 24, pp.130-147.
Fuller, J., Jacobides, M.G. and Reeves, M., 2019. The myths and realities of business ecosystems.
MIT Sloan Management Review, 60(3), pp.1-9.
Hendarman, A.F. and Cantner, U., 2018. Soft skills, hard skills, and individual innovativeness.
Eurasian Business Review, 8(2), pp.139-169.
Kimani and et. al., 2020. Blockchain, business and the fourth industrial revolution: Whence,
whither, wherefore and how?. Technological Forecasting and Social Change, 161,
p.120254.
Pérez-Luño, A., Bojica, A.M. and Golapakrishnan, S., 2019. When more is less: the role of cross-
functional integration, knowledge complexity and product innovation in firm performance.
International Journal of Operations & Production Management.
RAN, L.H., 2019. FUNCTIONAL ECOLOGY DURING SECONDARY SUCCESSION IN
TROPICAL FORESTS.
Ros-McDonnell and et. al., 2018. Analysis of freight distribution flows in an urban functional area.
Cities, 79, pp.159-168.
Szabó, I. and Vas, R., 2019, August. Vacancy Mining to Design Personalized Learning Analytics for
Future Employees. In International Conference on Electronic Government and the
Information Systems Perspective (pp. 58-69). Springer, Cham.
Viriyasitavat, W., Anuphaptrirong, T. and Hoonsopon, D., 2019. When blockchain meets Internet of
Things: Characteristics, challenges, and business opportunities. Journal of industrial
information integration, 15, pp.21-28.
(Adewuyi and et. al., 2018) (Agwu, 2018) (Botke and et. al., 2018) (Fuller, Jacobides and Reeves,
2019) (Hendarman and Cantner, 2018) (Kimani and et. al., 2020) (Pérez-Luño, Bojica and
Golapakrishnan, 2019) (RAN, 2019) (Ros-McDonnell and et. al., 2018) (Szabó and Vas,
2019) (Viriyasitavat, Anuphaptrirong and Hoonsopon, 2019)