Role Of A Manager Within The Functional Areas Of Business

882 words - 4 pages

Role of a Manager within the Functional Areas of Business
Carlton Robinson

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 duties and responsibilities, however, they all come together to work for the success of the company.
Management is the practice of coordinating and ...view middle of the document...

According to Dobre (2012) “in order to evaluate the ability of an employee, managers should determine whether the worker has the right skills and knowledge to perform a certain job properly”. Managers must be proactive when a person shows weaknesses in position. Manager should identify the skills or experience employee lacks and offer solutions, such as training, coaching or better feedback (Dobre, 2102). Human Resource managers handle personnel issues, which allow immediate managers in all line of businesses to focus on the departmental goals.
Finance Depending on the size of a business Accounting and Finance is one line of business, however, for the purposes of this paper Finance will be focused as one line of business. Finance addresses the process of setting up and maintaining the fiscal success of the firm, including revenue (University of Phoenix, n.d.). Finance is imperative for the survival of a business. Managers determine clear, precise goals at beginning of the year for company wide budgets that cover all line of businesses. Managers also must have detailed research strategies and make sound decisions for the financial investments of the company.
Marketing Managers use marketing to identify what products or services to offer, how to advertise their wares to consumers, how to ensure they are meeting the needs of their customers, and how to create a good image for the firm's brand (University of Phoenix, n.d.). There must be a consensus from upper management trickled down of a budget that will allow the company to have a chance to benefit from marketing. Managers must employ various tools to get an edge over the competition that convince consumers to buy their product (also known as a competitive advantage). SWOT (strength weakness opportunity threat) analysis can also determine company...

Other Papers Like Role of a Manager Within the Functional Areas of Business

Functional Areas of Business Essay

1068 words - 5 pages Management within Functional Areas of Business Mike Bit MGT 521 5/25/14 Alish Flem Management within Functional Areas of Business Managers are an essential part of any functioning business. They are responsible for the planning and implementation of short and long-term goals, and for coordinating and supervising the work of a company's employees to meet these goals. Regardless of the size of the institution

Functional Areas Of Business Essay

499 words - 2 pages Functional Areas of Business: One of the functional areas of business that I will like pursue is Human Resources Management or Operations Management. Human Resources because I will like to be the one that will conduct the hiring, trained, guide or manage of that employee to the company. Making sure that the correct personnel gets hired to perform the job. The other functional area I like is Operations Management making sure the process of

Functional Areas Of Business

572 words - 3 pages Functional Areas of Business Regardless of the different strategies and missions companies may have, all types of organization share a common denominator. This common denominator is the functional areas of business that companies have no matter what types of industry they are in. The functional areas of business may vary from company and industry but its core elements exist in any operating entity. Some of the common functional areas of

Functional Areas of Business Paper

555 words - 3 pages Functional Areas of Business Paper Traci Stevenson MGTP/521-Management September 10, 2012 Kenneth Sherman The role that one should play as a manager in the functional areas of human resource management is making sure within my organization that I focus on the recruitment of the best workers they need in our organization success. I want to make sure that each person can work comfortable and safe environment. Human resource management

Functional Roles Of A Manager

1771 words - 8 pages Roles of a Manager Roles of a manager in the functional areas of business The primary responsibilities of a manager within the functional areas of business is to create an image of himself with the organization which helps in delivering the tasks as per the vision and mission of an organization by influencing the team positively. In today’s fast paced globalized and technological enhanced business environment the roles of the managers

Mgt 521 Functional Areas of Business

992 words - 4 pages needs to cover all the functional areas of management, so for many it is critical to outsource some of the management needs, for example, in the writers small retail business marketing is contracted out to a small publishing company for a monthly fee, which is more economical than hiring a full time marketing manager. The area of business law is addressed by using a professional service as the need arises. Mintzberg explains in chapter one of

Functional Areas of Buisness

1017 words - 5 pages Functional Areas of Business MGT/521 November 13, 2013 Functional Areas of Business There are several functional areas of business, however, there are two areas that I am most interested in, they are Management and Leadership. The reason that I am interested in these areas is that throughout my military career I had to fill both of these roles. I enjoyed watching my troops grow professionally and personally as well as watching them get

Role of a Manager

1123 words - 5 pages Role of a Manager within the Functional Areas of Business Management 521 July 1, 2012 The Role of a Manager within the Functional Areas of Business The analytical approach to tackle the role of a manager within the functional areas of business can be discussed in a variety of different scenarios in diverse organizations. I believe it’s important to concentrate in one area and try to describe what is expected of a manager within the

Role of a Manager

806 words - 4 pages and have core managerial skills which is collected and learned over time and understand the role approach to management. In conclusion, the findings uncover that the concept of the Managerial Escalator fits and be useful for the experience of the two managers. Being promoted from a specialist to manager; being underwent professional training to become managerial hybrids in order to conduct their role approach to management efficiently The

Roles of Managers in Functional Areas of Business

863 words - 4 pages The Roles of Managers in Functional Areas of Business Maureen Glidewell MGT 521 1/30/14 Shirley Fitzgerald Managers are a key element in the operation of any business or organization. The success of any business is going to depend on managers and the employees that they manage. While different types of business will dictate different job functions for a manager, all managers will have the same fundamental roles, planning, organizing

The Role of a Manager in a Workplace

1566 words - 7 pages care of. This essay showed what the duties and responsibilities a manager has on a daily basis. | | | | | | “Running head: “MANAGERS ROLE 6 References Jones, G., & George, J. (2011). Essentials of contemporary management (4th ed.). Boston: McGraw-Hill Irwin. ISBN: 9780078137228  Kroon, J (1990) General Management 2nd Edition Pradhan, S (2009) Retailing Management: Text and Cases Fayol, H(2002) Critical Evaluations in Business and Management, Volume 2  edited by John C. Wood, Michael C. Wood

Related Essays

Analyzing The Role Of A Manager Within The Functional Areas Of Business

826 words - 4 pages 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

Functional Areas Of Business Essay

924 words - 4 pages position for which the employee were hired well, to work alongside the employees to better lead by example, to ensure that each functional area of a business is performing well so as to allow for all other functional areas to perform well, and to ensure that there is some form of structure within the functional areas of business. Reference Informal Learning in the Workplace: The Key Role of Managers. (2014). Development and Learning in

Functional Areas Of Business Essay

876 words - 4 pages business to find effective ways of communication for effective leadership. In this paper, the functional areas of business, the relationship between different functional areas, and the vital role of managers will be discussed. Functional Areas of Business Every organization big or small performs key functions on a daily basis which includes customer service, production, sales, and distribution to name a few. Small businesses may have a

Functional Areas Of Business Essay

1000 words - 4 pages Functional Areas of Business The role of a manager is today’s modern business environment is becoming increasingly more complicated. Not only does a manager have to worry about directing the day-to-day responsibilities of his or her employees, but he or she also has to be concerned with all the different functional areas of the business. These functional areas include: * Management * Law * Human Resources Management