Running head: FUNCTIONAL AREAS OF BUSINESS PAPER 1
Functional Areas of Business Paper
Susan R Green MGT521 April 21 2014 Diana Hunt Wagner
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Functional Areas of Business Paper
As an individual in the business environment field, I decided to pursue my Masters of Business Administration (MBA). The reason for my decision was to achieve a personal goal and further my position in my career. The assessment of a MBA degree focuses on the progress in business administration. During the program lessons, we will learn the role of managers within the functional areas of the business environment and organization. Business management would need to focus on the functional areas of business to communication within the operative management. Organizational business establishes its structures on various functional areas, thus creating subdivisions that would delegate the necessary responsibilities within the business. The purpose of the paper is to analyze the role and importance of a manager. Also to support the purpose the paper will discuss the functional areas of a business along with managers working in cross- sectional team for a successful outcome. . In order for a business organization to be and remain effective, the functional areas should work in consistency within the staff and its managers. Collaborations among groups or individual should be aligning with the agenda of the project; responsibility of the diverse roles should be implemented and stressed upon. For example, if a customer is not receiving information of unpaid invoices, and is expecting inventory to be replenished. I believe there is an issue of non-communication internally within the sales staff. The staff did not inform the customer e of the outstanding invoices nor the upcoming action of holding back of inventory. Managers will need to converse effectively and coordinate methods for information between the functional areas to remain and operate effectively.
The role of a manager can be complex and demanding, they have to allocate methods to stay confident, adaptable during all economic fluctuations. Also to be persistent in maximizing profits for the stakeholders and keeping staff motivated. (Larcker, 1997 ). In a todays business environment, the competition is fierce among all brands. A managers role can indicate the activities of new product development implementation and success in the market. The functional areas that are emphasized within the managers are constant planning of projects, and the importance of cross functional teams. The managers role is to map out the teams within the various stages of the FUNCTIONAL AREAS OF BUSINESS PAPER 3
project and start the collaboration of social support, shared purpose and leadership. In addition the managers protagonists in the different functional areas are to allot methods effectively for the sole purpose to maxim profits.
In conclusion, the valuation of a MBA degree focuses on the progress in business administration. This program illustrates the importance of business leadership to emphasize the functional areas of business. Business leadership should stress the importance of effective communication within the organization and it stakeholders. Once an organization established its cooperate structure, it is imperative that responsibility is delegated correctly based on their functional areas. Business management would need to focus on the functional areas of business to communication within the operative management. Organizational business establishes its structures on various functional areas, thus creating subdivisions that would delegate the necessary responsibilities within the business. The purpose of the paper is to analyze the role and importance of a manager. Also to support the purpose the paper will discuss the functional areas of a business along with managers working in cross- sectional team for a successful outcome.
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Bibliography
Josh Daspit, J. T. (2013). Cross Functional Team Effectivness. Team Performance Managment, 34-56.
Larcker, C. D. (1997 ). Product Development Cycle time and Organizational Performance . Journal of Marketing Research , 13-23.
Core Leadership and Management Skills, Tips & Strategy Handbook V2: Strength based leadership coaching on habits, principles, theory, application, skill development & training for driven men and women