Prepare a 4–5-page white paper in which you explain how three selected functional areas are essential for an organization’s success and recommend the type of organizational structure best suited for the functional areas.
BUSFP 3007 CU Underlying Principles of Successful Businesses Discussion Paper
Overview
Prepare a 4–5-page white paper in which you explain how three selected functional areas are essential for an organization’s success and recommend the type of organizational structure best suited for the functional areas.
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.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Explain the underlying principles of successful businesses. Explain the primary purpose of functional areas of an organization.
Explain how the purpose of functional areas supports the organizational goals. Describe the type of organizational structure best suited for functional areas.
Competency 5: Communicate in a manner that is scholarly, professional, and consistent with expectations for the field of business.
Organize content so ideas flow logically with smooth transitions.
Context
Organizational structure shapes and defines behavior within an organization, details the lines of authority and accountability, and determines the nature of the organization’s relationship with its external stakeholders. It also maps the grouping of jobs within the organization and provides a transparent understanding of its management hierarchy.
Ideally, organizations should be structured in ways that allow for the efficient and effective achievement of organizational goals. Having a clear organizational structure in place is a prerequisite for sustained success, yet many companies have organizational structures that do not contribute positively to their overall performance.
Within the overall structure of an organization are different areas that work together to help achieve the goals of leadership and personnel. These areas are often referred to as departments or functional areas. Human resources, sales and marketing, information technology, production and operations, and fin are some examples of functional areas. OrganizaTtuiotonrsianlseed fSuunpcptioorntal areLaosg, Obuutt not all org them the same way. Functional areas vary within organizations, depending on their focuses. Each area contributes in different ways to make sure the organizations reach their objectives and achieve effectiveness and efficiency.
In the past, large organizations tended to view their structures as more or less fixed hierarchies, part of the infrastructure required to build an entity that would last. In today’s business environment, most successful leaders view organizational structures as fluid, with frequent restructuring viewed as a primary means to keep the company competitive and responsive to the marketplace.
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