- Information
- AI Chat
Lesson 8 Functional area
Applied Economics (Econ 11)
University of San Agustin
Preview text
Remember
LESSON 8
(FUNCTIONAL AREAS IN MANAGEMENT)
In Let’s Try This , you have read a story about individuals who ended
up not accomplishing an important job. In organizations, jobs are
identified and assigned to ensure performance and accomplishment of
goals.
In this lesson, we will talk about the different functional areas in
management: their roles, functions and responsibilities in the organization.
Understanding these different areas in management will enable you to
plan for a career path.
Let us learn more about management.
Human Resource Management (HRM)
Human Resource Management is a very important functional area in management primarily because organizations are composed of people (human resource). It is concerned with people-related issues and tasks in the organization. Its functions are found in the graph below.
Careers/Jobs in HRM:
HR Manager Recruitment Manager Job Analyst Compensation and Benefit Managers Training and Development Managers Training Specialists Employee Relations Manager
Financial Management Finance is the “lifeblood of a business” because all organizations require financial resources in order to operate. Its functions are related to the management of money and other financial resources of the organization.
Information and Communications Technology Management This functional area of management is in-charge of the organization’s management information system. Information technology involves the use of computer applications and communications technology to gather, store, manage and transmit data. Information databases and systems are important for organizations. It enables them to access, and utilize relevant information about processes, personnel, clients, suppliers, and the market.
Careers/Jobs in Financial Management:
Chief Financial Officer Treasurer Controller/Accountant Cash Manager Credit Manager Disbursement Officer Accounting Staff
Careers/Jobs in ICT Management:
Information system manager Information system analyst Technical Support Staff Programmer
Lesson 8 Functional area
Course: Applied Economics (Econ 11)
University: University of San Agustin
