Functional areas of business Essay

Submitted By kamijose
Words: 1137
Pages: 5
Open Document
Functional Area of Business
Yomaira Laureano Perez
University of Phoenix
Management –MGT 521
2 de Abril de 2014
Dra. Carmen Bonilla Quianes

Abstract
I made the decision to realizer a master’s in business administration for various reasons. One reason is that for my study is the only thing you really possess in life, and that is something that nobody can take away from unless you miss Alzheimer and foreground. Knowledge is the only thing you take with you when Parthian of this world. I have spent many years successfully in sales teams and feel that it is time to move to another level in the professional that I may belong to the executive management team or a company. I understand that the MBA give me tools to grow professionally. Here we will have the opportunity to analyze the role of the manager in relation to the functional areas, describe some functional areas, we will highlight two which are selected as the most important one of the articles reviewed for work.
Functional Areas
The functional areas are business management, law, human resources, leadership, accounting, finance, economics, research and statistics, operation management, marketing. The organization functional areas of the business are important for the same event.
Human resources management specializes in recruiting people and treats them as human resource. HRM are responsible for recruiting, training and coordinating employee benefits, Specialists work as consultants HRM managers, advising on disputes with employees.
Leadership
Leadership has nothing to do with the people who occupy or greater since people with more time in the company. Nor does it have to do with how much money you can pay to an executive. They can exist people with college degrees and this does not imply that they are leaders. You really do not need to have a professional title to be a leader. In my opinion leaders are born not made, you could be a great manager and you're maybe not a successful leader.
Leadership and management are not synonymous. A leader is a person who without doing something accomplished that most people follow him and follow his ideas. But according to Peter Drucker this definition be questioned as a commander of the army may have used up to 200 soldiers to walk and go after what he says, and not necessarily a leader. So things Warren Bennis think “a leader is one who can transform the vision into reality”.
For Bill Gates leadership is “As we look to head into next century will be leaders empower others Those Who "
Accounting
Accounting is one of the oldest and most respected professions.(Saunders) Accounting is an information science used to collect, classify and manipulate financial data for Organizations and Individuals Accounting is the key to keeping financial stability of the company. Accountants determine liquidity and overall economic status probability the company. It is the work done in the accounting department budgets are determined such as marketing. Also for the work performed by accountants is that they can make decisions in the company long term.
Finance
Study the circulation of money, credit guarantees and inversions. They study the management of capital and raise capital for the benefit of the company. It is one of the most important functions in times of economic recession, as they are responsible for maximizing the use of the capital of the company.
Marketing
This function and finance as considered as the most important because in times of economic recession take a very important place for marketing strategies to be used to sell a product or service has been much development. In marketing you work according to budget. When developing the marketing strategy of the product personality is determined to whom Market segment will be target the product and campaign. In marketing the price of the product and the canals of distribution was also established. To launch a
Show More

Related Documents: Functional areas of business Essay

Functional Areas Of Business

Functional Areas of Business Paper Bryant Hedgeman MGT/521 June 1, 2015 Natalie Casale Functional Areas of Business The functional areas of business are vital to success of a company. It is necessary for a company to value each subdivision because of how interconnected they are to one another. In order for the company to thrive and be successful, each subdivision must be able to be work toward the same desired goal. The pursuit of a Masters of Business Administration concentrates on developing the…

Words 987 - Pages 4

Functional Areas Of Business

Functional Areas of Business Glenda E. Ortega MGT/521 March 16, 2015 Prof. David Warren Functional Areas of Business Role of a Manager The best way we can define management is the practice to coordinate and overlook the work of others so that organizational goals can be accomplished. Managers make sure that business success in their effective and efficient use of employees to make the business their more important reason. Managers cover different ways to influence an employee so they can achieve…

Words 921 - Pages 4

Functional Areas Of Business Essay

Functional Areas of Business Paul R. Rezendes MGT/521 Feb-4th, 2015 Robert Key Pursuing a Master’s in Business Administration (MBA) is going to be a challenge for me. With my military leadership and management background combined with the recent completion of a 20 year naval career, it is one I am more than ready for. Successfully converting this military management knowledge over to the functional areas of business and relating them to this degree is my ultimate goal. This paper will focus on analyzing…

Words 880 - Pages 4

Functional Areas of Business Essay

Functional Areas of Business Angela B. Ball MGT/521 February 25, 2014 Dr. Nancy Atkins Functional Areas of Business A business consists of four areas of functionality – marketing, production, finance, and personnel. Marketing is the method used to move a product or service from its idea to customer consumption. Production is the process of creating a good or service. Finance is the manner in which a company handles and uses money. Personnel are the people employed by a business or organization…

Words 1041 - Pages 5

Functional Area Of Business Essay

Functional Area of Business Paper Tony D. Roberson MGT/521 Dr. John Grabarczyk May 26, 2015 Functional Area of Business There are dynamics and individuals that hold certain positions and power of authority to ensure that the organization meet strategic and operational goals. The business functional areas are broken down by department, divisions, or teams where each department or division performs specific tasks and activities within a specific skill set or subject expertise. For example: operations…

Words 802 - Pages 4

Functional Areas of Business Paper

Functional Areas of Business Paper XXXXX MGT/521 June 8, 2015 Professor XXXX Functional Areas of Business Paper Understanding the importance of managers in today’s corporate world is crucial for an individual with a special interest in business management practices, especially if pursuing a Masters of Business Administration. According to Robbins and Coulter (2012), managers are important for three main reasons: organizations need their skills, they get things done, and they do matter. The responsibility…

Words 816 - Pages 4

Functional Areas Of Business Essays

Functional Areas of Business Nancy Rodriguez MGT/521 09/22/2014 Kenneth Edick Functional Areas of Business In any type of business there are roles that must be done. The roles of how all employees and managers get the business running. Businesses have functional areas that need to run on a daily basis. There are many functions a manager must do when running a business. The managers have many roles they must do and make sure each role is completed. In any business the manager must deal…

Words 926 - Pages 4

Functional Areas of Business Paper

Functional Areas of Business Paper Takeia A. Arkwright MGT/521 Management December 5, 2012 Dr. Irvin Clark Different operational functions are always in place when dealing with business. Healthcare Management and Human Resource are 2 points of interest that are a direction I would like to achieve. Coordinating the work of the department, work activities of a team of people. Finding out the direct purpose of the organization organizing people or department to perform…

Words 918 - Pages 4

Functional Areas of Business Essay examples

Functional Areas of Business MGT/521 October 12, 2012 Functional Areas of Business The pursuit of the MBA focuses on developing leaders in the area of business administration. Business leader development includes the study on functional areas of business and roles that managers take to be effective leaders using this information. This paper will focus on two functional areas of business and also explain the role of the manager in our areas. Human Resources and Project Management The first…

Words 1186 - Pages 5

Essay about Functional Areas of Business

Functional Areas of Business Kathy Newman MGT / 521 July 07, 2014 David Warren Functional Areas of Business In order to evaluate the roles of management within the functional areas of business, we first need to understand what the roles and functions are. Within this paper, viewers will read what the roles and functions within the MBA are and how managers use these functions to create a successful operation. Roles of Management: Since there are different types of management, this paper…

Words 835 - Pages 4