Chapter 8

Introduction to the
Different Functional Areas
of Management
 Different
Functional Areas
of Management
1. Human Resource
Management
2. Marketing Management
3. Operation Management
4. Financial Management
5. Information and
 Resources
Management
(HRM)
It is the process of
attracting,
training,
developing and
maintaning an
 Marketing
Management
The process of managerial
planning and carrying out
the conception, pricing,
promotion and
distribution of ideas,
goods and services to
bring exchanges that
 Marketing
Management
It is important
because it is the
key to achieving
organizational
goals, the
 Operations
Management
The study of how goods
and services are
produced in
organizations.
Overseeing the
transformation
 Financial
Management
Management and
custody of the
organization’s funds,
seeing to it that funds
are effectively utilized
 Financial
Management
It facilitates the
choice of
investments, financial
policies, and
operating mechanism
 Communication
Technology
Management (ICTM)
Management of
information and
communication
technology that
collects, organizes and
distributes data for the