Role of a Manager within the Functional Areas of Business
3 February, 2014
Management is the process or ways of coordinating and overseeing the work of others to accomplish organizational goals. The person who makes this happen will be the manager and as in any profession, there will be good and outstanding ones and there will be some that fail.
There are various tools that will help managers to excel, but the right tools may not always guarantee success. The other combinations of the right tools; overall firm’s commitment and a strong workforce will guarantee a firm’s success.
According to the university’s MBA module, the functional areas of business are; law, human resources, leadership, accounting, finance, economics, research and statistics, operations management, marketing and strategic planning.
Each functional area of business is important to a firm. Therefore, an individual has to run the affairs in the area and run it so well that the firm moves forward in all aspect. This individual will be the manager and will have certain roles to run the area smoothly.
Before we look into the role of a manager in the functional areas of business, we will look into the functional areas and explain what each area does for a firm, what constitutes each area and what is expected of managers in the different areas.
The university model breaks down the areas to be ten in number and will also look into the DuPont Model (Integrating the traditional business functional areas), which breaks the functional areas to five; management, marketing, information systems, finance and operations management.
The first of the functional areas of business is law; this area ensures the firm is doing everything legal, help the firm to comply with all regulations; local, state or federal. A firm will also need an area that will protect it legally, also to protect the individuals in the firm.
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