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Functional Areas of Managerial Business

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Functional Areas of Managerial Business
MGT/521 Management
August 18, 2014

Functional Areas of Managerial Business The main role of a manger should be to make sure every aspect of the functional areas of business is being executed properly. In this paper there will be supporting documented work from peers, articles, and books supporting that thesis statement. By examining the functional areas of business and dissecting each topic, the text should leave you with a better understanding of how a manager should operate. There are seven functional areas of business. They are as follows; management, law, human resources management, leadership, accounting, marketing, finance, research and statistics, economics, operations management, and strategic planning. All are essential when running a business so why wouldn’t the manager have the leading role to ensure that everything is ran effectively? Every function ill be identified and specific roles will be discussed as far as the manager is concerned. Management is strategic planning and overseeing the work of others so goals can be accomplished. The MBA Overview Module video stated, “Managers ensure business success through efficiency and effective use of employees, the business most important resource.” (University of Phoenix, 2012). When it comes to Law, a managers duty is to make sure the operations of the business is in line with all policies, regulations, and procedures as far as the states are concerned. Managers have to stay abreast to make sure the business isn’t breaking the law in any way. Human Resource Management when it comes to managers deals with the aspect of the business that has to do first hand with employees. That entails any issues, hiring, firing, disciplinary actions, etc. The manager plays a specific role in working first hand in this category with specific personnel if this isn’t

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