World of Work Report: Functional Areas, Skills, and IOM Electronics

This report analyzes the functional areas within a business organization, focusing on IOM Electronics Ltd., a UK-based provider of electronic systems. It delves into the core departments: finance, marketing, human resources, and production, outlining their individual functions and contributions to the company's overall objectives. Furthermore, the report identifies the essential skills required for employees to work effectively within each functional area, encompassing accounting, analytical thinking, managerial, communication, and technical skills. The conclusion emphasizes the importance of a functional organizational structure and skilled employees for a company's success.

World of work
individual report

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK 1............................................................................................................................................3
Discuss the various functional areas in business organisations..................................................3
TASK 2............................................................................................................................................5
Discuss the types of skills needed by employees to be able to work effectively in these
functional areas...........................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Functional areas are the units of the organisation formed by the head of the firm to
structure the organisation in terms of the skills and experience of the employees. It is very for the
organisation to separate the employees as per their functions in the organisational to run the
company smoothly and also to set the goals and objectives of the firm. There are the various
functional areas in the organisation such as production, sales, finance, operations, human
resource etc. that functions individually and then integrate themselves to accomplish the main
objective of the company (Wang and Wang, 2020). The report contains the various functional
areas of the IMO electronic Ltd. a UK based global provider of the electronic systems and
appliances. The company is a well-known regional organisation with 200 employees based over
two sites in Manchester and Liverpool. The report outlines the various functional areas in
business organisation and the the types of skills needed by employees to be able to work
effectively in these functional areas.
MAIN BODY
TASK 1
Discuss the various functional areas in business organisations
Business organisation conduct various activities to offer the product and service to the
consumer to earn the potential profit for the organisation. Firms with a large range of operations
and production divides the human activities of an organisation into various teams on basis of
similar characteristics and skills which are required to accomplish particular job (Wolniak,
2020). The four main functional areas of the organisation are human resource, production,
finance and marketing and activities of these four combine together to achieve the desired goals
of the firm. The various functional areas of the IOM electronic Ltd are discussed below:
Finance Department
The finance department of the IOM Electronic Ltd. plays a role to manage and perform
the various financial activities to raise and deploy the funds (Stawasz, 2020). This is the most
essential department of the organisation as it handles the overall capital that firm acquires and
earns. As the regular flow of money or capital is very important for the organisation as without
funds organisation will run into debts and cannot survive for long term. Therefore, the finance
department of the organisation ensure the proper management of the funds so that the owner of

the company is aware about its profits and loss. The various functions of the Finance department
are: capital budgeting, management of cash flow, day to transaction, record keeping, tax
management, investing etc.
Marketing departments
The marketing department is the linkage between the outside world and the organisation
because the department analyse the needs and wants the customers and develop products,
services and strategies to fulfil them (Busłowska, 2020). The marketing department works on
four things product, price, promotion and place. Marketing department of IOM electronics Ltd.
develop the plan to design the products according to the analysed needs of customers, determine
the price of product with appropriate pricing strategy to maintain affordability and
competitiveness in the market, identify and decide appropriate distribution channel and mode of
promotion so that the message is effectively conveyed to consumer at right time and right place
to increase the sales of IOM electronics. Carrying out the market research to get the feedbacks
from the potential customers regarding the service provided by the organisation is also the
function of marketing department.
Human resource department
The human resource is considered as the lifeblood of the every organisation therefore its
is very important to manage and retain them to successfully run the organisation without any
conflicts (Qian and et. al., 2020). The human resource department of the IOM electronics Ltd.
has a role to satisfy there employees and other man force to motivate and encourage them
towards the organisation. As the success growth of the IOM totally depends on there employees
and their work therefore it is necessary to regularly examine their performance and train and
develop their skills this function is carried out by the HR department of IOM electronics. The
various functions of the Human resource department of the organisation are: advertising the
vacancy, hiring and recruiting employees, planning training and development sessions, payroll
management, performance appraisal, leaves and attendance etc. hence for each and every
organisation there is always a requirement of a HR manager to maintain the well being of their
employees with all the legal and health rights.
Production department
A product or service cannot be developed without the production department as this
department is responsible for transforming the raw materials into the finished products that can

be consumed by the consumer. The process of production department start with gathering of raw
materials and ends with packaging of the product (Yan and et. al., 2020). The production
department of the IOM Electronics Ltd. will assemble and manufacture the electronics goods
with planning and controlling of various in between production activities within the companies
budget. The department will ensure the quality and quantity of the product at each stage of the
production cycle. The various functions of the production department of the organisation
includes: designing of products, assembling raw materials, managing and checking machineries
and equipments, storage of products, quality checking etc. Hence, production department main
role is to conduct overall production and storage of goods produced.
TASK 2
Discuss the types of skills needed by employees to be able to work effectively in these functional
areas
There are the various employees work in an organisations and they all are hired on the
basis of their skills, education, experience, knowledge so that they can be employed respective
responsibilities in different functional areas according to their skills. Every functional areas
require the different employees with different skills. The types of skills needed in employees of
the IOM Electronic Ltd. to be able to work effectively in above mentioned functional areas are
discussed below:
Finance department
 The employees of the finance department of IOM Electronics Ltd. are mandatory to have
accounting skills because it is very essential to have the knowledge of accounting terms
in order to record and understand the financial transactions.
 The employees should have the excellent mathematical skills as the finance department
works on the numbers a minute error in calculation can lead to big difference in the cash
flows and financial statements of the organisation (Busłowska, 2020). The employees of IOM Electronics Ltd. must have analytical thinking in order to prepare
the companies budget and to make the instant financial and investment decision for the
success of the company and to earn larger profits.
Human resource department

 The HR department employees of IOM Electronics Ltd. must have managerial skills to
manage the large amount of the employees and the other staff related to organisation
smoothly to avoid the conflicts and crisis between employees.
 The HR manager of IOM Electronics Ltd. must have excellent communication skills as
the role of the manager to communicate with employees politely and effectively and also
be a good listener to resolve the issues of the employees by listening them carefully. The HR department employees should have decision making skills to decide the hiring
and recruitment of the deserving candidate for the vacancy and to decide what training
and development sessions are required to be conducte4d and to decide the wrong and
right for the employees benefits (Wang and et. al., 2020).
Marketing department
 The marketing department of IOM Electronics Ltd. must have outstanding convincing
skills to promote and advertise the products and services in the market effectively and to
attract the consumers with there convincing skills to make them loyal customers of the
organisation.
 The employee of Marketing department must have analytical and research skills to the
collect the appropriate feedbacks and analyse them to create the strategies and products
as per the identified needs of the customer. The marketing manager must have leadership skills to mange the various marketing
employees and to look the sales converted by the employees and also to motivate them
and mentor them will their skills to accomplish objective of the company.
Production department
 The production department employees of IOM Electronics Ltd. must have outstanding
organisational skills to combine the various components produced at various stage of the
production to convert them into useful and successful product for delivery.
 The employees of the this department must also have technical and engineering skills and
knowledge regarding the machineries and equipments used in the production process so
that the any technical error can be quickly resolved (Qian and et. al., 2020).
 The employees of IOM Electronics Ltd. must have the management skills to manage the
various items like raw materials, finished products, packaging, storage and other ongoing

activities so that there is proper flow of items within the whole cycle without any in
between disturbance.
CONCLUSION
It is concluded from the above report that the organisation work and function properly
only when the have there functions segregated into the multiple functional areas. Through the
various functional areas the organisations are able to separate the task to the employees and
assign them their duties are per their skills and knowledge. To hire the employees for the
particular functional areas they must possess particular skills and experience to fulfil the
responsibilities. Every functional area requires the different skilled and talented employees to
perform the respective task that will help in completing the objective of the organisation. Hence,
a successful organisation must follow the functional organisational structure with various type of
skilled workers to effectively perform the companies activities.

REFERENCES
Books and Journals
Busłowska, A., 2020. Integrated territorial investments and the improvement of transport
mobility and accessibility of urban functional areas–the example of the Białystok
Functional Area. Optimum. Economic Studies. 99(1). pp.144-154.
Qian and et. al., 2020. Identification of urban functional areas by coupling satellite images and
taxi GPS trajectories. Remote Sensing. 12(15). p.2449.
Stawasz, E., 2020. Cooperation of enterprises in the functional area in the field of
innovation. Optimum. Economic Studies. 99(1). pp.22-33.
Wang and et. al., 2020. Spatial distribution of pollution characteristics and human health risk
assessment of exposure to heavy elements in road dust from different functional areas of
Zhengzhou, China. Environmental Science and Pollution Research. 27. pp.26650-
26667.
Wang, X. and Wang, B., 2020. Functional Layout Planning of Small Towns with Logistics
Based on Improved SLP (Systematic Layout Planning) and Genetic Algorithm. In ICTE
2019 (pp. 101-111). Reston, VA: American Society of Civil Engineers.
Wolniak, R., 2020. Main functions of operation management. Production Engineering
Archives. 26(1). pp.11-14.
Yan and et. al., 2020. Where urban youth work and live: A data-driven approach to identify
urban functional areas at a fine scale. ISPRS International Journal of Geo-
Information. 9(1). p.42.