Functional areas you believe are essential for organizational success
Prepare a 4–5-page report in which you identify three functional areas you believe are essential for organizational success. Explain the purpose of each functional area and how the purpose supports organizational goals. In addition, describe the organizational structure best suited for the functional areas, and explain how the functional areas support continued organizational success. The functional areas within a business or organization contribute to the smooth and effective running of the business. Although the number and names of the functional areas vary from organization to organization, there are five that are key in almost every organization: Human Resources, Accounting and Finance, Sales and Marketing, Production and Operations, and Information Technology (IT) Systems. • Buhler, P. M. (2011). Changing organizational structures and their impact on managers. SuperVision, 72(2), 24–26. • Crist, R. (2013). Technologies help manage growth in young franchise marketing departments. Franchising World, 45(10), 56–57. • Gök, O., & Hacioglu, G. (2010). The organizational roles of marketing and marketing managers. Marketing Intelligence and Planning, 28(3), 291–309. • Jackson, R. W., & Wood, C. M. (2013). The marketing environment: A new paradigm. Academy of Marketing Studies Journal, 17(1), 35–50. • Cherian, J., & Farouq, S. (2013). A review of human resource accounting and organizational performance. International Journal of Economics and Finance, 5(8), 74–83. • Hagel, J. (2013). The global finance function: Five focal points. Journal of Accountancy, 216(3), 20–21. • Kotter, J. P. (2012). Accelerate! Harvard Business Review, 90(11), 43–58.