Functional Areas of a Company

Functional Areas of a Company

Companies can achieve their corporative objectives only when the

various functions of the company work together. There are four major

functional areas in a company namely the MARKETING, FINANCE, HUMAN

RESOURCES & PRODUCTION, but there are other businesses like Lewisham

College that have other functional areas such as LEARNERS SERVICES &

GENERAL STUDIES. All the functions set up their own objectives that

want to achieve in accordance with the company’s objectives within a

specific period of time.

FINANCE DEPARTMENT

The Finance Department basically oversees and manages the financial

aspect of the college. The college needs the Finance Department to

keep updated and essential records of all the incoming money that they

make and expenditure the college incurred within an accounting

season. They also prepare a full and accurate account for the

Education Ministry and the Council that provide them with funds.

They carry out many activities in the college that help them achieve

their corporate objectives such as set budget for the college, pay

their utility bills and suppliers that supply the college with

equipments and stationeries such as pens, markers, textbooks,

projectors, whiteboards, e.t.c.

They provide money and financial support to other departments in the

college such as the Marketing, H.R.M., and Learners Service

departments when they need money to carry out a project. For Example,

during the beginning of another academic year, the Marketing

Department takes money from the Finance Department to make posters,

billboards, and prospectus to make adverts to help attract more

studen...

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...s Service Function is to provide a

supportive learning environment for students so that they can feel

comfortable to ask questions when they need to and ask for help when

they do not know how to do a certain coursework or assignment. The

function understands that there are a lot of students that find it

difficult to ask for help when they are classrooms, thereby creating

support groups, study buddies, and teachers that will help the

students in private to understand whatever topic they want to discuss.

Collectively, all the departments and functions work hard with certain

similar objectives which are to promote the best staff performance and

conduct in their job, to guide the college to improve performance,

develop the organisation and develop a well orchestrated management

culture, good communication and relations.