Practical Areas of Business

 Functional Parts of Business Dissertation

Functional Areas of Business

Most companies base their particular company structure on a lot of functional areas. The efficient areas typically seen in business include financial, marketing, information technology, human resources and, operations (Coulter & Robbins, 2012). The functional regions of business must work together to insure the achievements of the organization. This paper is going to discuss the role of management during these functional regions of business. Management

Management's major function is always to guide a company to meet you can actually vision, objectives successfully. Fruitful managers realize that effectively organizing, organizing, leading and, managing are essential business functions to ensure that an organization to run smoothly (Coulter & Robbins, 2012). A functional manager is usually an individual who has controlling expert over a specific department within a business. Efficient managers generally communicate inside that certain department and with each other. The departments typically found in the majority of business set ups include financing, marketing, technology, human resources and, operations. Financing

The fund department is responsible for managing the organization's spending budget, figuring out economical projections for the company, monitoring the company's income, future bills and purchases. It is very important that the financing manager work together across organization functions to determine how to ideal distribute and manage the business' property (Coulter & Robbins, 2012).

Marketing

The marketing manager's primary function is to convince consumers to decide on their company goods and services over its competitor's. To do this marketing managers must identify the consumer's desires and needs by simply researching the market and developing a tactical plan. Technology

Information technology managers are incurred with the responsibility of making use of and sustaining a company's technological system....

References: Coulter, M., & Robbins, Meters. P. (2012). Management (11th ed. ). Retrieved from

https://newclassroom3.phoenix.edu/Classroom/#/contextid/OSIRIS:44395103/context/co/view/activityDetails/activity/93c6414e-a844-495b-97e6-f5979cbb1a01/expanded/False/focus-cmt/none.

Slack, D, Johnston, R, Chambers, S 2007, Procedures management, fifth edn, Prentice

Hall/Financial Times, Nyc.

Wickramasinghe, V., & Zoyza, N. G. (2009). A comparative analysis of managerial competency

needs across areas of practical specialization. The Journal of Management Creation, 28(4), 344-360. doi: http://dx.doi.org/10.1108/02621710910947371

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