within the Functional Areas of Business MGT/521 10/12/2012 Carlton Robinson Abstract According to the University of Phoenix MBA Overview Module (n.d.), there are 11 functional areas of business that managers play an important role. However, for the purposes of this paper, we will focus on in my opinion the four major functional areas of a business (management, human resource, finance and marketing) that managers play a key role, regardless of the company size. Each line of business have specific
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Role of Managers within Functional Areas of Business Business organizations are broken down into smaller functional areas. These functional areas include: marketing, human resources, finance and accounting, and sales. Each of these areas requires a manager to oversee the success of the area. “A manager is someone who coordinates and oversees the work of other people so that organizational goals can be accomplished” (Robbins & Coulter, 2012, p. 5). The role of a manager is crucial to the
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Analyzing the Role of a Manager Within the Functional Areas of Business Kevin Woodbridge Management 512 02/03/2015 William Wider Analyzing the Role of a Manager Within the Functional Areas of Business A manager heading an organization can oversee a plethora of responsibilities, in which most of those duties are directorial in essence. In small corporations, the role of a manager is more so handy in all aspects of the company and may be a lot more hands on. However, in large businesses,
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Managers are generally the head of a department or functional area within an organization, for example marketing, operation management or human resource management. They have specific responsibilities depending on the needs and wants of the organization. The job description of a manager varies from organization to organization. However, the role of managers within the functional areas of a business involves planning, organizing, leading and controlling. According to French and Henning (1966) showed
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important role to set clear expectations and goals for a company. The role of a manager in a firm is to be a leader and oversee the work of other employees allowing business to run smoothly and efficiently. Some functional areas of business include human resource management, strategic planning, and leadership that are an essential part of a business and managers must use to meet an organization's goals and mission. Human Resource Management Human resource management (HRM) manages the company's employees
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How Marketing Is Often Misunderstood By The Other Functional Areas Of Business. Business has different functional areas. Each companies organizational structure depends on these functional areas, Human Resources for the company, marketing, the services provided to the customers and the companies accounting. Human Resources is the where it deals with the man-power, Customer service deals with the customer satisfaction and information provided regarding the product,services provided and also the
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Functional Areas of Business University of Phoenix Management-MGTX/521 Functional Areas of Business Business functional areas are considered a person, small groups of persons or a department that perform a specific task in order to support the business. Each of these areas possesses specific capabilities and skills to ensure that the business activities are conduct it efficiently. Business functional areas must have a purpose and its own goal, but ultimately in support of the business.
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Masters of Business Administration (MBA) concentrates on the development in business administration. Organizations leaders have to study the functional areasof business and find ways to communicate these information’s to managers for effective leadership. Organizations formulate their organizational structures on numerous functional areas generating subdivisions around these functional areas and delegating responsibilities asnecessary. This paper focuses on the functional areas of business and the
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Masters of Business Administration (MBA) concentrates on the development in business administration. Organizations leaders have to study the functional areasof business and find ways to communicate these information’s to managers for effective leadership. Organizations formulate their organizational structures on numerous functional areas generating subdivisions around these functional areas and delegating responsibilities asnecessary. This paper focuses on the functional areas of business and the
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Functional Area Plan: Accounting and Finance Member of Team D: Havacup Part 1: Accounting and Finance Manager Composition The Accounting and Finance Functional Area’s goal is to provide Havacup’s Executive Leadership and supporting Functional Area’s with timely and accurate financial information, strategic advice, and advocating the high level of integrity and ethics that is at the core of Havacup’s values. Having accurate and up-to-date financial information is critical to making smart
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