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WHAT IS THE ROLE AND THE ACTIVITIES
ASSOCIATED WITH EACH FUNCTIONAL
AREA?
FUNCTION – IS A SPECIFIC MEANS
EMPLOYED BY BUSINESS TO CARRY OUT A
SET OF COMMON TASKS GROUPED
ACCORDING TO KINDS OF KNOWL...
1.Human Resource Management
2.Marketing Management
3.Operations Management
4.Financial Management
5.Material and Procureme...
HUMAN RESOURCE MANAGEMENT
 ACTIVITIES: It involves attracting,
retaining and developing competent
human resources that co...
Recruitment Selection Training
Performance
Appraisal
Compensation
and
Rewards
HRM
MARKETING MANAGEMENT
ACTIVITIES: Organizations develop,
price, and distribute products to
customwers through the anticipa...
Product
Planning
Distribution
Planning
Price
Planning
Promotion
Planning
NEED,
WANT,
DEMAND
EXCHANGE
AND
TRANSACTION
OPERATIONS MANAGEMENT
ACTIVITIES: Provides goods and
services to customers.
OUTCOMES: Inputs are transformed to
outputs ...
Input
Transformation
Process
Output
FINANCIAL MANAGEMENT
ACTIVITIES:Tapping different sources of funds
at a cost and level of risk which the organization
can...
Financial
Management
Preparation
for an Audit
Bookkeeping/Accounting
Finance
Policies and
Procedures
Revenue/Fundraising
S...
MATERIAL AND PROCUREMENT MANAGEMENT
 ACTIVITIES: Concerned with the management of the flow
of materials from initial purc...
Materials
Requirement
Specification
Supplier
Selection
Order
Processing
Procurement
of Materials
OFFICE MANAGEMENT
ACTIVITIES: Involves the design,
implementation, evaluation, and
maintenance of work processes within
a...
Office
Management
Information/records
management
Administrative
personnel
management
Office
supplies and
equipment
Communi...
INFORMATION AND TECHNOLOGY MANAGEMENT
ACTIVITIES: The use of information and
communication technology to obtain data
need...
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Functional areas

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.

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Functional areas

  1. 1. WHAT IS THE ROLE AND THE ACTIVITIES ASSOCIATED WITH EACH FUNCTIONAL AREA?
  2. 2. 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 Business
  3. 3. 1.Human Resource Management 2.Marketing Management 3.Operations Management 4.Financial Management 5.Material and Procurement Management 6.Office Management 7.Information & Communication Management
  4. 4. HUMAN RESOURCE MANAGEMENT  ACTIVITIES: It involves attracting, retaining and developing competent human resources that contribute to organizational attainment. OUTCOME: Productivity among human resources is achieved.
  5. 5. Recruitment Selection Training Performance Appraisal Compensation and Rewards HRM
  6. 6. MARKETING MANAGEMENT ACTIVITIES: Organizations develop, price, and distribute products to customwers through the anticipation and identification of consumer needs and wants OUTCOMES: Increase sales, increase profitability, maintain market share, target new markets, and improve the image of the product or the organization
  7. 7. Product Planning Distribution Planning Price Planning Promotion Planning NEED, WANT, DEMAND EXCHANGE AND TRANSACTION
  8. 8. OPERATIONS MANAGEMENT ACTIVITIES: Provides goods and services to customers. OUTCOMES: Inputs are transformed to outputs that create value for the organization
  9. 9. Input Transformation Process Output
  10. 10. FINANCIAL MANAGEMENT ACTIVITIES:Tapping different sources of funds at a cost and level of risk which the organization can tolerate - Invests funds at attractive returns and manageable level of risks. OUTCOMES: Risks taken by the firm are managed
  11. 11. Financial Management Preparation for an Audit Bookkeeping/Accounting Finance Policies and Procedures Revenue/Fundraising Strategy and Model Financial Performance: Reporting and Analysis Financial Planning/Forecasting
  12. 12. 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.
  13. 13. Materials Requirement Specification Supplier Selection Order Processing Procurement of Materials
  14. 14. OFFICE MANAGEMENT ACTIVITIES: Involves the design, implementation, evaluation, and maintenance of work processes within an office. OUTCOMES: Offices in the organization run efficiently
  15. 15. Office Management Information/records management Administrative personnel management Office supplies and equipment Communication
  16. 16. 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 facilitated.

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