World of Work: Functional Areas, Skills, and Business Performance

This report provides an overview of the functional areas within a business, emphasizing the importance of each department for overall organizational success. It defines 'business' and outlines key functional areas like marketing, finance, human resource management, IT, research and development, and customer service, using IOM Electronics Limited as a case study. The report details the skills required for employees in each functional area, including planning, problem-solving, communication, and analytical skills. It also addresses the significance of customer service, sales, and research and development in maintaining a competitive edge. The report concludes by highlighting how businesses can improve employee skills and performance across functional areas to achieve sustainable growth and meet customer expectations. The report emphasizes the importance of various employee skills and their role in enhancing business outcomes.

World of Work

Table of Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
Explain business......................................................................................................................................3
Functional area of business......................................................................................................................3
Key functional area of business...............................................................................................................4
Functional areas of business organization................................................................................................4
Various types of skills by the employee to work efficiently....................................................................6
CONCLUSION...........................................................................................................................................7
REFERENCES............................................................................................................................................8

INTRODUCTION
The term business determine that all objectives and goals should be accomplished in
terms of goods and services in order to make a profit and those functions which are available for
their businesses organizations are to be worked (Bhattacharyya and Rao, 2019). They can define
that business organizations are engaged to their professional activities towards their produce
goods and services in order to make on profit and live to make money for producing or selling
goods and services according to their customer expectations. This report covers that all the
physical teacher are generated their workers not to capable and operate efficiently for those
functional areas which are required for their business activities such as the marketing, finance,
human resource management, IT department and human resource development. This report is
also considered that IOM electronics limited which are situated in Manchester.
MAIN BODY
Explain business
Business should be defined that organization or their entity are engaged in their
commercial professional activities and should be organized in all the efforts and activity are to be
produced for selling of goods and services in order to make a profit in business organizations.
This is referred that business activity of business enterprises has to be purchase and sales of
goods and services in order to make an appropriate to accomplish their goals and objective
according to customer expectations. Both the profit and nonprofit are achieved for social causes
in an effectively manage and operate their business for women organization have main aim to
achieve their goals and objectives in a very efficient and profitable manner.

Functional area of business
Functional area of the businesses means at the time of worker has a very important that
all appropriate skills and knowledge are should be determined that business organization are
should be allowed that all those workers who are working operate efficiency and effectiveness
their skills in a business organizations and their function who will describe group of schools and
practice is to be formed to be determined to accomplish their goals and objectives (Lee, 2018).
Key functional area of business
In case of IOM electronic limited various function area to be performed in these
organizations such as human resource department, marketing, finance, IT, research and
development and so on. Functions are also known as operational and main aim which is hard to
achieve their business growth success in business enterprises at the minimum period of time. It is
important part of the business enterprises to perform some functional to become a successful and
sustainable competitive advantage in a very effective manner (Lou, Osemwegie and
Ramkumar, 2020).
Functional areas of business organization
Various functional area in the business enterprises limited has to company operate and
effectively and efficiently in their marketplace and human resource management helpful to hiring
retaining and recruiting of workers that there are a lot to provide training and development in
proper manner to accomplish their goals and objectives and other functions accounting means
finance that there is maintain all transactions and all required to keeping their Journal entry is
financial stability of organization are to be generated. Marketing and advertising promotions
offer their services and promote their brand to build their brand image to gain a sustainable
competitive advantage. Information technology have a support to complete their many
technologies are to be developed in the marketplace in a very appropriate manner to be
determined.
Human resource management: Human resource department are important for business
organizations because they have to recruit, hiring and provide training and development for their
workers and retaining their employee to develop their skills and knowledge and give a positive
outcome towards their business organizations (Maximo and Kana, 2019). They will require or
talented people who will improve their employee skills and entertain to increase their profits and

productivity in the business enterprises. It is a very strategic approach and long term process
because they have to hire suitable people in their efficient management of people in business
organizations that help to gain their sustainable competitive advantage so that they can designed
to maximize their efficiency firm to performance in order to make some positive and returning
for hiring their perspective in proper manner to express their performance for deciding benefits
to motivate employment in a proper relationship with all their clients of managing their
organization.
Finance: Finance is very important part in functional areas because they have to take a
business decision also and maintain their all transactions related to business activities in a very
appropriate manner. It helps to maintain their financial transactions so that they can help to
control their cost of efficiency in business organizations.
Marketing: Marketing is one of the key function area of business activity with support
their firm to sell their purchase and sell products and services and build their brand image in a
very efficient manner and create some more outcomes to their customers in the business
enterprises. They have become a successful organization digital marketing is a platform where
customers can interact with firm and maintain their relationship in order to promote their
efficiency and effectiveness in the marketplace (Monden, 2019).
Customer service: It is one of the best function area in the business organization which
helps to maintain their consumer theory to find a best possible solution and solve all problem of
consumer regarding their product is also the comment in their relation to the consumer in order
to increase their productivity and productivity in a very appropriate and productivity manner.
Many reasons for customer service to provide suitable information to clients and solve all
problems for customers regarding their product or service.
Research and development: Research and development is very helpful for the business
enterprises because they have to research all employees for those who are working in their
organizations and requirement for training and development so they can increase their employee
over proper training to increase their knowledge and skills through development program
(Trawny, 2021).

Sales: It is a very significant part of the business organization because they had to
register for inventory department and determine how much stocks are available in their storage.
It is a very important part to monitor the distribution for customer service and basic functions are
to be determined for many functional areas to support their customer forecasting and advertising
for sales order.
Various types of skills by the employee to work efficiently
Skills needed by human resource management employee
Many skills which are needed by human resources management workers that is planning
skills to formulate all plans are related to hiring people, recruiting people in the business
organization. It is most important problem for following skills such as problem solving skills
which is communication path and give their proper training to their worker (Sondhaus, 2020).
Skills needed by research and development worker
Most of skills are required in development that is excellent communication skills which is
able to create fluent English required. It will be required that ability to initiate and pay attention
to make a proper knowledge and skills are should be determine or required.
Skill needed by marketing employee
Several skills are required for marketing employees which is a team working skills and
communication skills to create a formulate and maintain their relationship with other workers to
build a brand image promote their product and services in a very suitable manner and
communication does not give message towards those clients and give feedback.
Skill required by sales employee
Many skills which are needed for sales department because it is very significant at the
time of active listening and maintain their relationship for building skills to select and maintain
product and service in the marketplace (Bhattacharyya and Rao, 2019).
Skills needed by finance employee

Many skills which are required for critical thinking skills, research skills and maintain
their transactions in the business organization. It is very important for analytical research in an
appropriate and maintains their decision making in business organizations to maintain their
financial stability.
Skills needed by customer service worker
Many skills for customers are required and significant way using a positive language has
a clear communication to take responsibility. It is a very important and significant part of a
suitable knowledge about their firm outside and efficient and effective manner. Moreover,
customer service skills are also required by the worker so that they have to adapt its conflict
resolution, creativity skills, communication skills, active listening skills are recognized and
personal thinking about in business enterprises also (Lee, 2018).
All skills are required and get more opportunities to gain a sustainable competitive
advantage according to their customer expectations and all activities support to increase their
profits and productivity in a very efficiently manner. To overcome those threats and
opportunities related to functional areas such as marketing, finance, research and development
and so on. It should be discussed that customer services are also play a vital part in to increase
profit in the business enterprises.
CONCLUSION
From the above mentioned report, it has been concluded that business organizations
covers each and every functional area of business success growth. This report covers activated to
perform the business organization such as marketing, finance, customer service, sales, research
and development, finance, human resource management and so on need to improve skills in a
very efficiently manner.

REFERENCES
Books and Journals
Bhattacharyya, T. and Rao, T. S. S. R. K., 2019. Survey of last ten years of work done in India in
some selected areas of functional analysis and operator theory. Indian Journal of Pure
and Applied Mathematics. 50(3). pp.599-617.
Lee, K. F., 2018. AI superpowers: China, Silicon Valley, and the new world order. Houghton
Mifflin Harcourt.
Lou, L., Osemwegie, O. and Ramkumar, S. S., 2020. Functional nanofibers and their
applications. Industrial & Engineering Chemistry Research. 59(13). pp.5439-5455.
Maximo, J. O. and Kana, R. K., 2019. Aberrant “deep connectivity” in autism: a cortico–
subcortical functional connectivity magnetic resonance imaging study. Autism
Research. 12(3). pp.384-400.
Monden, Y., 2019. Toyota management system: Linking the seven key functional areas.
Routledge.
Sondhaus, L., 2020. World War One. Cambridge University Press.
Trawny, P., 2021. Heidegger and the myth of a Jewish world conspiracy. University of Chicago
Press.