...The role of a manager within the functional areas of business Amir Yousef MGT/521 December 8, 2014 The University of Phoenix Abstract “When a business has implemented a successful planning process, every employee can see a clear link between the overarching company direction and the work they perform.” (Capezio, P. J.) The role of a manager within the functional areas of business Introduction “When a business has implemented a successful planning process, every employee can see a clear link between the overarching company direction and the work they perform.” (Capezio, P. J.) According to Robbins and Coulter study (2012), the management concept can be defined as an individual who coordinates and oversees the work of other people so that organizational goals can be accomplished in an efficiently and effectively manner. This efficient and effective aspect of the managerial process requires that managers are doing the right thing in the right way (Robbins and Coulter, 2012). So the role of manger is to help others doing their work. However, the managerial part of the management process is addressing Mintzberg’s theory, which explains what managers do at work through specific actions. A manger should be capable of performing all facets of the managerial functions of planning, organizing, leading and controlling in any organization (Robbins and Coulter, 2012). A Functional Manager is in charge of a specific business unit. direct, technical supervisor Here...
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...within the Functional Areas of Business Charmaine R Searight MGT/521 Sep 29, 2014 Walter Goodwyn Roles of a Manager within the Functional Areas of Business The functional areas of an organization coincide with each other to provide the necessary information to increase growth and provide the advantages needed to compete in the industry. According to Henry Mintzberg, a well-known management researcher, managerial roles include interpersonal (manage people), informational (manage information), and decisional (manage decisions). Managers use these roles to effectively and efficiently plan, organize, lead, and control the organization. Understanding management and the role it plays in the functional areas of the organization is vital to its growth and success. Management “Management involves coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively” (Stephen & Coulter, 2012). In other words, managers are needed in the organization to get things done. Their skills and abilities ensure goals are established, structured, and evaluated. Managers are in place to motivate employees to meet goals and provide incentives to accomplish and even exceed goals. Managers ensure the organization is operating efficiently and effectively. Human Resource Management “Human Resource management addresses the concepts of personnel development in a business” (University of Phoenix, 2014). This functional area of the organization...
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...Functional Areas of Business MGT 521 June 15th, 2014 Abstract The functional areas of business are management, law, human resources management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. I believe all the functional areas are necessary to have a successful organization, however, the two areas stand out as vital to getting a business started and keeping it profitable, and they are human resources and the accounting departments. An organization will need to analyze what roles are vital when hiring their personnel to make sure they are suitable for their positions. Functional Areas of Business The functional areas of business are management, law, human resources management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. I believe all the functional areas are necessary to have a successful organization, however, the two areas stand out as vital to getting a business started and keeping it profitable, and they are human resources and the accounting departments. Human Resources (HR) is the department that is responsible personnel hiring, applicant tracking, development employee skills, benefits and making sure people are in compliance with regulations. According to McShulskis (1996) article, the function of Human Resource departments is growing in strategic importance and also stated that more than three quarters...
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...Management within Functional Areas of Business Management 521 September 3, 2012 Bridgette Hardy Functional Areas of Business Management is essential in the functional areas of business. Operational service is a functional area of business that demands effective and efficient managers. Management must possess certain skills will help the individuals to do their jobs in the functional areas of which they have chosen as a career. In each functional area of business there are three management levels. The various levels of management play a different but major role in the development and growth of a business. Goals set in designated area of business will vary, depending on the area of business and the level of management. Operational Services Management Armstrong (2006), states that operations management is responsible production of the business or organization's products. Operational service is the area of business that produces a product or services for customers. Managers in operational services oversee the work of their staff to ensure the organizational goals can be accomplished. Managers in this functional area are categorized on three different levels. There are lower level management, middle level management, and upper level management. The responsibility of the manager depends on the level of management in which the individual is classified. The lower level managers are those who manage non-managerial employees. Middle level managers are those...
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...Fuctional Area of Business MGT/521 01/21/2013 Master in Business Administration (MBA) is the next step in business degree. It will help me understand the business world & business practice for better future career opportunities. Most businesses consist of number of different deparment, which has specific job or task to do that is called functional area of a business such as accounting/finance, marketing, operations, human resources and administration. This degree will help me understand each department of business and what roles managers play in each deparment. All business will carry out each functions but not every business will have a separate deparment that is responsible for each function. All businesses need to be well organized to achieve their aims and objectives. Certain tasks, or functions, must be done regularly and these are usually grouped into specific types of activities. All businesses will carry out each of these functions but not every business will have separate deparment that is responsible for each functions. It is all depends on the size of organizations. All functional are of business are very much important to organization. Few functional areas that interest me are Human Resource and Finance. Human Resources is important department. The main purpose of Human Resource deparment is to recruit, select, train and develop staff. This means that they have to find right people at right place at right time and it is the responsibility of Human...
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...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, managers play an invaluable role, as their responsibilities encompass virtually all areas of the business. Due to their complex interworking's, businesses are often grouped into smaller more cohesive functioning units to allow for better functionality. To be successful, a manger has to be diverse and possess a great deal of skills in today's ever-changing workplace. "In a continuously changing environment, for a sustained personal development, an expansion of a person's capacity to be effective in managerial roles becomes vital" Wickramasinghe & Zoyza, N. D. (2009). A manager's responsibilities are quite diverse because the very nature of their job requires that they be generalists with a solid understanding of these different business functions. It is essential they navigate and work within the vast array of business functions to ensure their business is efficient, effective, and able to meet its goals. Leadership The first and arguably most well-known way that a manager can enact influence is through their use of leadership. Managers...
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...CHAPTER 1 THE CHANGING ROLE OF MANAGERIAL ACCOUNTING IN A DYNAMIC BUSINESS ENVIRONMENT Learning Objectives 1. Define managerial accounting and describe its role in the management process. 2. Explain four fundamental management processes that help organizations attain their goals. 3. List and describe five objectives of managerial accounting activity. 4. Explain the major differences between managerial and financial accounting. 5. Explain where managerial accountants are located in an organization, in terms of formal organization, deployment in cross-functional teams, and physical location. 6. Describe the roles of an organization's chief financial officer (CFO) or controller, treasurer, and internal auditor. 7. Briefly describe some of the major contemporary themes in managerial accounting. 8. Understand and explain the concepts of strategic cost management and the value chain. 9. Understand the ethical responsibilities of a managerial accountant. 10. Discuss the professional organizations, certification process, and ethical standards in the field of managerial accounting. Chapter Overview I. The Management Process in Organizations A. What is managerial accounting? B. Management activities 1. Decision making 2. Planning 3. Directing operational activities 4. Controlling II. How Managerial Accounting Adds Value to the Organization A. Provides information...
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...different functional areas, so that various departments are created depending on employees’ titles, job descriptions, and responsibilities. Structuring a company based on functional areas helps achieve the organization’s goals in an efficient and effective manner. However, in any organization, managers play the most significant role and have a great impact on the company’s development and evolution. Each department or functional area within an organization has its manager who leads team members and helps them share their expertise and be oriented to do a set of specific roles. The managerial skills and capacities are very important for the sustainability of an organization especially for facing internal and external challenges in such complex and competitive times. ‘The field of management has matured greatly since the turn of the twentieth century. The evolution of management thought has clearly moved from the early process view of managerial work, which focused on the organizational activities carried out by managers (planning, organizing, controlling, and so on) to the action view emphasizing the skills needed or roles adopted by managers for effectively dealing with numerous challenges and problems confronting their organizations” (Paolillo,1987,P. 109). According to Robins and Coulter, the definition of management is “coordinating and overseeing the work activities of others so that their activities are completed efficiently and effectively” ( P. 8). There are ten managerial roles...
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...Date – September 24th 2012 MIS Operating system software controls the hardware. The use of hardware depends on what the operating system can do. It figures out which hardware goes first. We install functional software to automate, standardize, and support * Transactional, processes of a functional area * Tactical decisions and managerial processes of a functional area * Strategic decisions and managerial processes of functional area. Life cycle management: the business value of information to a firm changes over time The cost of storing and holding info varies depending on method used * Storage on servers – expensive * Backup storage – medium cost * Remote storage – least cost Structured Data – Relational DB Unstructured data – Content management system Date – September 26th How to create a sample database Step 1: Define the problem statement for the case. To enable employees to record customer info, products they are buying and suppliers Step 2: Identify the key entities in statement (people, nouns…) Step 3: Identify relevant attributes for each entity Step 4: Transform the entity and attributes into database tables on paper. Customer Customer ID | Name | Address | City | 010 | Jack | Symphony | Boston | 012 | Jill | Maine street | Braintree | Employees Employee Id | Name | | Position | 024 | Jim | Black | management | 025 | Black | | staff | Foreign Key Field – the original inof appears somewhere else ...
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...Considering the operational management framework as the business setting, the internal processes of the functional management would be inclusive of the location of the business, logistical aspects of the business and services (Chase, Jacobs and Acquilano, 2006). The administrative position associates itself with the expected actions of the manager in the diverse situational leadership conditions. The leadership position of the managerial responsibility is with the inclusion of managerial training, excellent motivational and public speaking tactics used by top performing managers as a tool to influence the performance of their employees. Most peer-reviewed scholarly journals explain that the functional managers need to ensure that the employees under their command receive accurate training and perform as expected. A decision role of the manager pertains the choices the manager makes regarding leadership given a dilemmatic situation (Daft, 2012). The decisions made impact on the amount of resources the functional manager gets for the project he/she is in-charge. Consequently, the manager has an array of decision-making authority over the other managers in the same referent category. In the practical case, the functional manager has the rule of thumb over the other managers and in some instances; his/her mentorship is be required by the other managers regarding the allocation of resources to finalize projects under their responsibility (Pitagorsky, 1998). The actions taken by...
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...Functional Areas of Business How often do managers fail? Statistic shows that 50% or more of middle managers fail to achieve the expectations of those who promote them (Business Know-How, 2014). It is apparent with statistic like this it is a difficult job to be an effective manager. Many managers assume that managing a business is just an extension of managing themselves and their personal lives. In fact, becoming a successful manager requires personal development, as well as, a desire to learn and such a transformation does not occur overnight. A manager who wants to advance in the organization must also acquire knowledge of certain functional areas of business. Having a clear understanding of these functional areas enables a manager to make comprehensive business decisions. In this paper different functional areas of business will be identified. In addition, the role of a manager within these functional areas will be analyzed. What does the term functional area of business mean? All successful businesses must operate a number of functions to ensure the business runs smoothly, and these functions link to the goals and objectives of the business. “In large, organizations employees are arranged into departments specializing in certain tasks. These tasks are considered functional areas” (Slide Share, 2014). There is no fixed rule in determining what main functional areas of business are. However, successful structured organizations incorporate the functions listed...
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...Copyright Notice Staff and students of University of the West of England are reminded that copyright subsists in this extract and the work from which it was taken. This Digital Copy has been made under the terms of a CLA licence which allows only students registered for the named module to: View and download a copy; Print out a copy. Please note all other staff and students are only entitled to browse the material and should not download and/or print out a copy This Digital Copy and any digital or printed copy supplied to or made by you under the terms of this Licence are for use in connection with this Course of Study. You may retain such copies after the end of the course, but strictly for your own personal use. All copies (including electronic copies) shall include this Copyright Notice and shall be destroyed and/or deleted if and when required by the University of the West of England. Except as provided by copyright law, no further copying, storage or distribution (including by e-mail) is permitted without the consent of the copyright holder. The author (which term includes artists and other visual creators) has moral rights in the work and neither staff nor students may cause, or permit, the distortion, mutilation or other modification of the work, or any other derogatory treatment of it, which would be prejudicial to the honour or reputation of the author. Designated person authorising scanning: Anne Petrie Module: Managing Human Resources Module no: UMPCYC-15-M ISBN/ISSN:...
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...JOURNAL OF MANAGERIAL ISSUES Vol. XVI Number 3 Fall 2004: 361-381 Diversification Strategy and Top Management Team Fit Dan Marlin Assistant Professor of Management University of South Florida — St. Petersburg Bruce T. Lamont Professor of Management The Florida State University Scott W. Geiger Assistant Professor of Management University of South Florida — St. Petersburg Matching managers to diversification strategy has long been a cornerstone of strategy implementation research (Finkelstein and Hambrick, 1996; Guthrie and Datta, 1998; Krishnan et al, 1997; Leontiades, 1982; Michel and Hambrick, 1992; Pitts, 1977; Reed and Reed, 1989; Song, 1982; Tihanyi et al, 2000). The basic premise underlying this body of research is that different strategies pose different management challenges that, in turn, require systematically different management skills and experiences to be implemented successfiilly. Managers with backgrounds and skills matched to the critical task demands of a firm's diversification strategy, therefore, should be reflected in superior financial performance. Despite the logical appeal of these arguments, their empirical support remains limited and uneven. The cumulative findings suggest that managers of multi-business firms are generally matched to the task demands of their firm's diversification strategies (Michel and Hambrick, 1992; Pitts, 1977; Song, 1982), although contrary evidence has been found as well (Reed and Reed, 1989). Further, the...
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...Abstract This paper will analyze some of the roles of a manager within the functional area of business. The areas I will be discussing will be Human Resource (HR) Management and Leadership. In the functional area of human resources, an effective leader or manager plays a very important role in ensuring smooth and efficient functioning of the HR department. In today's times, human resource management is not just considered a routine function, but an integral element of the strategic plan of an organization. HR managers and leaders are extensively involved during the strategic planning stage. An effective HR leader or manager ensures smooth and efficient alignment between the HR strategy and overall corporate strategy. He or she ensures that the goals of the HR department are well aligned with corporate philosophy, mission, vision and goals of the organization. The manager or leader has to display strong leadership skills for ensuring smooth integration of the HR department's strategies and action plans with other departments or functional areas of the organization. HR department deals with the most important asset of an organization, ie, human resources. Hence, an effective leader is required to lead this department because such a leader can lead the employees of the organization in the right direction. HR managers and leaders should display strong leadership skills in order to guide and motivate employees in the organization. Human resource management...
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...Functional Areas of Business Paper Christina M Williams MGT/521 August 3, 2015 Lloyd Krieger Functional Areas of Business Paper Many companies base their organizational structures on various functional areas, creating departments around these functions and assigning responsibilities according to employees' job titles and experience. A functional organizational structure groups employees by various skills and expertise, leading to greater efficiency. Some of these areas include management, law, human resources, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. According to Robbins and Coulter study (2012), the management concept can be defined as an individual who is involved in the coordination and supervision of all work activities of their employees to make sure that the assigned activities were completed in an efficiently and effectively manner. This efficient and effective aspect of the managerial process requires that managers are doing the right thing within a rightful nature (Robbins and Coulter, 2012). Project managers handle making project goals their own and use his or her skills and experience to create a shared purpose within the project team. They enjoy the presentation of creating new challenges and the responsibility of stimulating business results. Project managers also work well under pressure and have the capability to adapt with change and run into many different situations...
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