Premium Essay

Fuctional Areas of Business

In:

Submitted By aapolinario
Words 390
Pages 2
Functional Areas of Business
Management 521
04/04/2014

Functional Areas of Buisness

If you have no particular destination in mind, then any road will do. However, if you have someplace in particular you want to go, you’ve got to plan the best way to get there. Because organizations exist to achieve some particular purpose, someone must define that purpose and the means for its achievement. Managers are that someone. As managers engage in planning, they set goals, establish strategies for achieving those goals, and develop plans to integrate and coordinate activities.(Robbins, Coulter, Stephen P., Mary. Management. 11th Edition. Page 9) Planning, Organizing, Leading and controlling are the main functions of what a manager should follow according Henri Fayol. I will be elaborating on these functions throughout the context and elaborating on the importance of having that particular purpose and the means for achievement while in a managers role. According to the functions approach, managers perform certain activities or functions as they efficiently and effectively coordinate the work of other. Henri Fayol, a French business man, first purposed in the 20th century that all managers perform 5 functions. (REFERENCE)
1. Planning 2.Organizing 3.Commanding
4. Coordinating 5. Controlling
Today’s functions have been reduced
There are many reasons as to why I have decided to take on business management, and on main reason is to get the chance to work with a wide range of people from different backgrounds, cultures and race. I have had the pleasure of working for an international company in Tatui, Brasil. There is where I have decided to get my Master degree in Business management with a focus in Human Resource, for these reasons; we assisted employees with their insurance benefits, payroll, annual ceremonies in which employee’s would participate, employee

Similar Documents

Premium Essay

Function of Business Area

...Fuctional Area of Business MGT/521 01/21/2013 Master in Business Administration (MBA) is the next step in business degree. It will help me understand the business world & business practice for better future career opportunities. Most businesses consist of number of different deparment, which has specific job or task to do that is called functional area of a business such as accounting/finance, marketing, operations, human resources and administration. This degree will help me understand each department of business and what roles managers play in each deparment. All business will carry out each functions but not every business will have a separate deparment that is responsible for each function. All businesses need to be well organized to achieve their aims and objectives. Certain tasks, or functions, must be done regularly and these are usually grouped into specific types of activities. All businesses will carry out each of these functions but not every business will have separate deparment that is responsible for each functions. It is all depends on the size of organizations. All functional are of business are very much important to organization. Few functional areas that interest me are Human Resource and Finance. Human Resources is important department. The main purpose of Human Resource deparment is to recruit, select, train and develop staff. This means that they have to find right people at right place at right time and it is the responsibility of Human...

Words: 1232 - Pages: 5

Premium Essay

Wendy"S

...Wendy's Company Tiffany Barnes BUS-FP1001 November 16, 2014 Capella University Wendy's Company Wendy’s is a fast food company that was started in 1969. This company has come a long way from when the first Wendy’s restaurant opened up in Columbus Ohio. Wendy’s is the third largest fast food hamburger company and has more than 6,500 franchised and company restaurants in the U.S. Wendy’s is also international as they have restaurants in 29 other countries. (Wendy's, 2014) When reviewing Wendy’s website one can see that Wendy’s has not only a board of directors but also a leadership team. This structure of the company goes hand in hand with falling under the structure of a corporation. Wendy’s has created a functional structure that has worked very well with meeting the goal of their growing company. WENDY’S MAMGAMENT TEAM AND DUTIES Wendy’s management team falls under the title they call leadership team. In this team they have the Chief Executive Officer (CEO) Emil J. Brolick. The CEO is responsible for the entire operation of the corporation and is also responsible for reporting directly to the board of directors to aid them in making important decisions. More often than not the CEO will also be designated the company president, which CEO Emil J. Brolick is given the title of president, allowing him to be one of the inside director on the board. Wendy’s also has the position of International president; a title held by Darrell G. Van Ligten. Mr. Ligten’s job is similar...

Words: 1271 - Pages: 6

Premium Essay

Strategic Planning

...COLLEGE OF BUSINESS FIRST SEMESTER SESSION 2013/2014 BKAS 3103 INFORMATION SYSTEMS STRATEGIC PLANNING GROUP A INDIVIDUAL ASSIGNMENT : ”THE THREE ERA’S” PREPARED BY: NADIA ABDULLAH 213802 SUBMITTED TO : PUAN RAJA HASLINDA BINTI RAJA MOHD. ALI SUBMIT DATE: 3RD OCTOBER 2013 Three-era model is the era consists of data processing, management information system and strategic information system. Data processing (DP) is a process to convert for a set of inputs which is like raw data that will produced outputs. Output for example information and even facts. Management information systems (MIS) is basically using computer system to manage the organizations effectively and efficiently. Strategic information system (SIS) is typically using computer system in order to manage competitiveness in this whole flexible business changes. Data processing started in the 1960's followed by Management Information system in years of 70's and beginning of new era in 1980's of strategic information system. This three era is the process of developing better basically computer system but on different business areas. As we all know the computer for a person is to collect data, process data and turn it into an information. However, in an organization these system helping them in improving the effectiveness and the efficiency of operation, management and competitiveness among this rapidly changing of business world. The Data processing and Management information system is...

Words: 1241 - Pages: 5

Premium Essay

Project Management Techniques

...Master of business Administration | 1 Background to the project, Kurdistan Region of Iraq witnessed a great development booming starting on 2006 till 2013, this lead to an annual expansion on the electrical power demand of %15 per year. New living complexes were built that needed all type of infrastructure utilities.  Kurdistan Regional Government (KRG) through its Ministry of Electricity (MOE) issued several tenders for different projects of Transmission Lines as well as transforming and distribution Substations. CONTRACT No. KRG-MOE/ES-06c/2011, between Kurdistan Regional Government (KRG), Ministry of Electricity (the “MOE”) and Melec S.A.L was one of the project of 2012 year. The contract main scope was for Engineering, Procurement and Construction (EPC) 31.5MVA 33/11kV Substations at Hana City, in the Erbil Governorate. Project objectives: Objective help to define the project in terms of its purpose and perceived benefits.(turner, 1997).The objective of this project is to support the expansion of electrical power grid in Kurdistan region in Erbil by building a complete electrical substation to step down the transmission voltage (33KV) to distribution voltage (11 KV) Then distributing it in multiple direction for various kind of usage such as industrial usage and Private usage . Project objective are the activities involved in achieving the firm’s goals (Field and Keller, 1998) . By taking this project the company was trying expand into a new booming...

Words: 2927 - Pages: 12

Premium Essay

Nestle Report

...Executive Summary Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational goals. While strategy is the action plan to do something and hence, Marketing Strategy is the managerial process of developing and maintaining a viable fit between the organization’s objectives, skills and resources and its changing market opportunities. The aim of marketing strategy is to shape the company’s business and products so that they yield targeted profit growth. Nestlé Pakistan Limited is selected to study that how they have planned their marketing strategy for Nestlé Pure Life (water). Nestlé is a multinational food company and offering Fast Moving Consumer Goods (FMCG). The motto of Nestlé is “Good Food, Good Life”, so delivering the qualitative products to the customer is their main objective. It is offering 75 brands of bottled waters worldwide. Nestlé Pure Life (NPL) is one of them that was first offered in Pakistan by Nestlé Pakistan Limited in 1998. People felt need of Pure, safe and clean water because of impurities in water especially in the industrialized cities like Karachi, Lahore, Faisalabad etc. Nestlé identified this opportunity and lunched NPL that satisfied the customer needs and Nestlé become market leader in the water industry. The customers of NPL showed interest on NPL because of trust on Quality of Nestlé, at the heart of which there...

Words: 3361 - Pages: 14

Free Essay

Ethno

...Music of Mindanao Music of Islamic Filipino Islamic Cultural Groups • Badjao – Sulu • Ilanun –Sulu, Tawi Tawi • Jama Mapun – Sulu • Maguindanao – Maguindanao, Cotabato, SK • Maranao – Lanao, Bukidnon • Samal – Sulu • Tausug – Sulu • Yakan – Basilan Characteristic of Islamic Music • Melisma Singing • Song Phrases • Narrow Singing • Fluid Singing • Tremolo • Strained Voice • Nasal Enunciationuciation Vocal Music Life Cycle • Langan Bata Bata – Lullabye of Tausug. • Tarasul – Tausug song of advice to wedded couple. • Dekir – death song of Maranao. • Dekil – Maguindanao dirge in vigil. Religious Chants • Salathul Juma – Friday prayer chant • Tarawe – chant during the Ramadan Folk Epic • Rajah Indarapatra – Maguindanao • Darangen – Maranao Music of Non-Islam Filipino Non-Islam Cultural Groups • Bagobo – Davao Gulf and davao region • Bilaan – Davao Gulf • Kalagan – Davao Gulf • Mandaya – Davao Region • Mansaka – Davao region • Manobo – Bukidnon, Agusan del Sur, Cotabato • Matigsalug – Bukidnon • Subanon – Zamboanga peninsula • Tiruray – SOCCSARGEN Region • T’boli – South Cotabato Vocal Music Life Cycle • Bua – Lullabye of Subanon • Uyug – Uyug – Lullabye of Mansaka • Yadadang – Lullabye of Bilaan • Manambay – Chant on circumscision ritual of Subanon • Kambong – love incantation of Manobo • Sinda-ay – Wedding Chant...

Words: 4995 - Pages: 20

Premium Essay

Eprocurement

...businesses are re-modifying the way they transact business. Few decades ago a lot of companies went through their daily business manually. The use of manual procurement invoice, ordering, payments, catalogues, and requisitions was the order of the day. Times have changed and improved technology has changed the way businesses function. Many businesses have turned to electronic procurement (e-procurement) in the purchasing and supply of goods and services. In as much as there are many advantages ranging from cost saving, time saving and effectiveness, e-procurement also has it disadvantages; high cost of implementation and lack of readiness. More importantly a lot of businesses are not only concerned about cost saving advantage of e-procurement but also achieving high level of customer satisfaction through CRM. Electronic data interchange (EDI) enables the transfer and sharing of data and other forms of information electronically. This research paper will analyze the need for e-procurement, the IT tools and system involved, the advantages and disadvantages of e-procurement, factors inhibiting and supporting e-procurement. Questions such as: will e-procurement add value to my business? does it worth investing in? What IT tools, system and software do I need to implement e-procurement? Do I need to involve every member of my organization? will be addressed in this paper. Keywords: e-procurement, e-government, e-business, e-commerce, supply chain management, Customer relationship...

Words: 6948 - Pages: 28

Premium Essay

Recruitment and Selection Process of Airtel Bangladesh Limited: an Evaluation

...Recruitment and Selection process of Airtel Bangladesh Limited: An Evaluation CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY This report is prepared to fulfill the partial requirement of the Internship program of the Evening MBA program of the Department of Management Studies, University of Dhaka. Similar to any other university or business school after completion of the MBA program (academic courses) every student must have to complete the internship program as a required course for the degree of MBA. The main purpose of the program is to know the real life situation. The topic of my report is “Recruitment and Selection Process on Airtel Bangladesh Limited: An Evaluation”. In the age of globalization and the modernization mobile phone has become a more important item to stay connected to their nearest and dearest ones. Not more than ten years before, people could not imagine about mobile phone which was considered to be luxury phone. But now people cannot think without the mobile phone and considered to be a necessary item. There are in total six telecommunication operators operating throughout Bangladesh. The six telecommunication operators are- Grameenphone Ltd, Airtel Bangladesh Ltd, Robi Axiata Ltd, Banglalink, Teletalk and City Cell. In Bangladesh, Airtel Bangladesh Limited is one of the fastest growing mobile service providers and is a concern of Bharti Airtel Limited, a leading global telecommunications service provider. The company offers a wide...

Words: 10961 - Pages: 44

Premium Essay

Strategic-Management-Analysis-Report

...Acme’s strategy to maintain its leading position in the market and the difficulties it is facing while operating in the industry. This report starts with a company background and then proceeds with an analysis of the external and internal environment of the industry and the company, followed by its strategic practices at different levels, understanding the company mission, vision and objectives; it’s financial and marketing performance and current practices of various functional units. While analyzing the overall performance of Acme, few problems in the area of finance and operation have been found and suitable recommendations has also been suggested to address the problems. After these analyses, some new strategies are suggested in light of the future direction of the industry and the market to guide the company to maintain its leadership position in the pharmaceutical industry. Company Background: 1.1 Business of the Company [pic] today symbolizes a name – a state of mind. But its journey to the growth and prosperity has been no bed of roses. From the inception in 1954 it has today burgeoned into one of the top line conglomerates in Bangladesh. [pic] the flagship company, is holding the strong...

Words: 12114 - Pages: 49