WHAT IS THE ROLE AND ACTIVITIES ASSOCIATED WITH EACH FUNCTIONAL AREA?... various functions of a business. Human resources management. HRM. Marketing management,. Operation management. Financial management. Office management.
WHAT IS THE ROLE AND THE ACTIVITIES
ASSOCIATED WITH EACH FUNCTIONAL
FUNCTION – IS A SPECIFIC MEANS
EMPLOYED BY BUSINESS TO CARRY OUT A
SET OF COMMON TASKS GROUPED
ACCORDING TO KINDS OF KNOWLEDGE AND
TECHNIQUES SPECIFIC TO IT.
Various Functions of a
1.Human Resource Management
5.Material and Procurement
7.Information & Communication
HUMAN RESOURCE MANAGEMENT
ACTIVITIES: It involves attracting,
retaining and developing competent
human resources that contribute to
OUTCOME: Productivity among human
resources is achieved.
Recruitment Selection Training
ACTIVITIES: Organizations develop,
price, and distribute products to
customwers through the anticipation and
identification of consumer needs and
OUTCOMES: Increase sales, increase
profitability, maintain market share,
target new markets, and improve the
image of the product or the organization
ACTIVITIES: Provides goods and
services to customers.
OUTCOMES: Inputs are transformed to
outputs that create value for the
ACTIVITIES:Tapping different sources of funds
at a cost and level of risk which the organization
- Invests funds at attractive returns and
manageable level of risks.
OUTCOMES: Risks taken by the firm are
for an Audit
Strategy and Model
MATERIAL AND PROCUREMENT MANAGEMENT
ACTIVITIES: Concerned with the management of the flow
of materials from initial purchase to the service point.
OUTCOMES: The right quality and amount of material are
acquired by the organization at the right time, right place,
and for the right cost.
ACTIVITIES: Involves the design,
implementation, evaluation, and
maintenance of work processes within
OUTCOMES: Offices in the organization
INFORMATION AND TECHNOLOGY MANAGEMENT
ACTIVITIES: The use of information and
communication technology to obtain data
needed for decision making.
OUTCOMES: Communication and
information sharing among functions is