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Functional Areas of Business Paper

In: Business and Management

Submitted By cmwill69
Words 1031
Pages 5
Functional Areas of Business Paper
Christina M Williams
MGT/521
August 3, 2015
Lloyd Krieger

Functional Areas of Business Paper
Many companies base their organizational structures on various functional areas, creating departments around these functions and assigning responsibilities according to employees' job titles and experience. A functional organizational structure groups employees by various skills and expertise, leading to greater efficiency. Some of these areas include management, law, human resources, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning.
According to Robbins and Coulter study (2012), the management concept can be defined as an individual who is involved in the coordination and supervision of all work activities of their employees to make sure that the assigned activities were completed in an efficiently and effectively manner. This efficient and effective aspect of the managerial process requires that managers are doing the right thing within a rightful nature (Robbins and Coulter, 2012).
Project managers handle making project goals their own and use his or her skills and experience to create a shared purpose within the project team. They enjoy the presentation of creating new challenges and the responsibility of stimulating business results.
Project managers also work well under pressure and have the capability to adapt with change and run into many different situations. This type of manager needs to think not only in terms of the "big picture" and the small-but-crucial details that come along with each task and project and know which is more important at the time.
Project managers must have the skills needed to develop trust and communication among all of a project's stakeholders. This includes sponsors, those who will make use of the project's results,

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