Role of a Manager within the Functional Areas of Business Essay Example for Free

Role of a Manager within the Functional Areas of Business Essay creepAccording to the University of Phoenix MBA Overview Module (n.d.), there are 11 functional areas of caper that managers play an eventful role. However, for the purposes of this paper, we testament focus on in my opinion the iv major functional areas of a worry (management, human resource, finance and marketing) that managers play a key role, regardless of the fellowship size. Each line of crease waste specific duties and responsibilities, however, they all come to bewitchher to pee-pee for the success of the company. ManagementManagement is the make of coordinating and overseeing the work of others so that organizational goals can be accomplished. Managers ensure business success through and through efficiency and the effective use of employees, the businesss most important resource (University of Phoenix, n.d.). Managers are the first line of defense reaction to interpret the culture and atmosphere management wants to present to the business as a whole. In addition, they essential provide the tools and resources to employees for the company to accomplish the goals management has implemented. If the goals are not being performed employees have to work with management to address the changes and make corrective actions to maintain positive stability in the business environment.Human preference Managers use Human Resource management throughout the employee life cycle, including hiring, training, proper hire for work, and taking disciplinary actions to remediate, if necessary (University of Phoenix, n.d.). Managers also use human resource to address educational and wellness benefits, complaints about other co-workers and immediate supervisors. One of Human Resource most important role is hiring late power. Managers have the responsibility to hire qualified candidates for positions available in the company. According to Dobre (2012) in order to approximate the ability of an em ployee, managersshould determine whether the worker has the right skills and knowledge to perform a certain job right on. Managers must be proactive when a person shows weaknesses in position. Manager should identify the skills or project 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. pay Depending on the size of a business Accounting and Finance is one line of business, however, for the purposes of this paper Finance willing be focused as one line of business. Finance addresses the process of setting up and maintaining the financial 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 begin of the year for company wide budgets that cover all line of businesses. Managers also m ust have expatiate research strategies and make sound decisions for the financial investments of the company. selling Managers use marketing to identify what products or go 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 firms blot (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 strengths and weakness and outside opportunities and threats from the competition or the demographics the company targets. According to Berri, Leeds, Leeds, and Mondello (2009), the most successful managers take advantage of market inefficie ncies or find previously undiscovered niches. Managers must be aware of the different factors that determine the success of the companys marketing campaign. ConclusionThe role of managers within the functional areas of business was discussed briefly in four lines of businesses. The four lines of businesses also work together to support the operations of the company. Human Resource whole caboodle with Finance to set company budgets so bonuses, incentives wages accordingto performances can be determined. Management work with Marketing and Finance to determine strategies to capitalize on product market area and set budgets for the year. Management works with Human Resource to make sure policy and procedures are up to date with standards. Management works with Human Resource and Finance to determine profitability of company in terms of increasing, decreasing or no change in current staff positions. These are examples of several reasons line of businesses come together although not l imited. Each line of business have specific duties and responsibilities, however, they all come together to work for the success of the company.ReferencesUniversity of Phoenix. (n.d.). MBA Overview Module. Retrieved from University of Phoenix,MGT521-Management website.Berri, D.J., Leeds, M.A., Leeds, E.M. Mondello, M. (2009, May). The Role of Managers in Team Performance. International Journal of Sport Finance, 4(2), 75-93. ProQuest database. Dobre, O.I. (2012, December). The Impact of Human Resource Management on Organizational Performance. Management Research and Practice, 4(4), 37-46.