Functional Areas of Business Paper

Aug 21st, 2016
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mgt521 week 2

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Week 2 Functional Areas of Business PapernameMGT-521June 17, 2015ProfessorFunctional Areas of BusinessWhen pursuing a Masters of Business Administration (MBA) degree, some maybe under the impression that having that degree will advance career achievement.According to Hay and Hodgkinson (2006), a popular conception surrounding the MBAdegree is that it leads to fast track career success, typically construed in terms ofimproved salary and hierarchical position ([10] Baruch and Peiperl, 2000; [12] Carnall,1992) (vol. 11(2), 108-124). This paper will discuss how a manager successfullyoperates within functional areas of business.Managers in the Functions of BusinessBusinesses, whether small or large, must implement critical functions in order to stayproductive and profitable. These functions may include monitoring inventory, purchasingstock, performing accounts receivable functions, or the hiring and termination ofemployees. Strategic planning is also a key area in the functional areas of business.Functional areas include:Production and Operations Management involves managers ensuring targets, andquality is met as scheduled.Sales Department is the moneymaker. Without sales, there would be no orders forthe production department to fulfill. Managers in this department must set andachieve solid goals.Marketing managers recognize and fulfill customers needs. Achieving this isdone with the marketing mix, which consists of produc

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