Whether you are working with distributors that are small businesses or you are starting your own business, business administration includes an understanding of entrepreneurship: tax structures for small businesses along with personnel issues at that level, inventory and cash flow, and all the other small matters that make a big difference to a new or small business. If we turn now to the figure of the administrator, which is not much more interesting, we could say that they are the ideal profile to be completely in charge of the administration of the company, where they also direct many of the activities that are carried out by the employees, arriving even in specific cases, to contribute themselves. Learn Practical Skills. The administrator is responsible for conducting the administration of a company, to become an administrator it is advisable to study the degree in business administration at a university and polish the knowledge and skills on the fly and the performance of this university career. With the different levels of administration, the messages would be confused when going from one area to another, leading to confusion, incidents or a disastrous attention to the user. This is made possible through the application of several processes such as: It is for these reasons that it can be said that administrative management seeks the use of resources for the company to achieve its objectives. Your email address will not be published. The management of a company requires, as a starting point, the establishment of objectives and the setting of goals. If your products are differentiated and the differentiation is possible only in … 1. Before starting the topic, it is necessary to delve into the key concepts, according to the Royal Spanish Academy (RAE), which defines a company as the organizational unit dedicated to industrial, commercial or service-for-profit activities. However, yes we can indicate where it is more usual to have your presence, in fact, these departments that we are going to quote could say that it is mandatory to have them, as long as they exist in the company. Business Statistics helps a business to: Deal with uncertainties by forecasting seasonal, cyclic and general economic fluctuations Helps in Sound Decision making by providing accurate estimates about costs, demand, prices, sales etc. Which opens more opportunities for employment. The administrative management in a company is key and serves as a basis for the execution and making tasks potentialized to meet the objectives set and contribute to the survival and growth of it. * Generates relevant information on the correct way to deal with operating resources, especially the human resources that are an indispensable element in any organization and should be taken care of due to their reflection and possible migration to other organizations. Another aspect to take into account the importance of the business organization is the possibility of promoting work together. The organization of an entity begins by dividing it into areas or departments, which bring together a series of activities with a certain similarity, in addition to establishing hierarchical relationships between them. The administration of a business includes the performance or management of business operations and decision-making, as well as the efficient organization of people and other resources to direct activities towards common goals and objectives. Business administration ... For example, selecting the right people for the job was an important part of workplace efficiency. Otherwise they would acquire a more passive behavior, with the risk of fraud and theft. Introducing the foundations of finance, marketing, supply chains, human resources and operations, International Business Administration covers the needs of all businesses. The importance of business administration, The importance of management in the company, Importance of the Administration and the Business Management. Administration is working to develop the company's performance and is Responsible for the selling target and plans sales development and application of the Company's Act, which is also competent to also Upvote (0) Downvote (0) Reply (0) No business can develop in lack of Effective Communication. Why Is Communication Important in a Business? What are the philosophies of marketing management? Therefore, in the following part, we'd show you the importance of business communication. * Measures performance and creates relevant information to make the relevant changes that improve the operation of organizations. Thanks to Administration our business will have the necessary capacity to be able to reach all those goals that are proposed. All this is framed within the need for a correct organization of the company. The production of goods and / or services. Undoubtedly, the importance of business organization takes pride of place in any business, because ultimately sets the design, structure and processes necessary to achieve the goals proposed, reducing efforts and increasing productivity, always in a way as efficient as possible. © 2016–2020 Scenerise, powered by WordPress. The success of any project is dependent upon the ability of staff members to collaborate, and effective business communication is the key to successful teamwork. Production:7 2. For a company to achieve its objectives and its group of employees to develop the work in the most efficient way, what we know today as business administration has been created. The more direct and clear it is, the better for everyone. For this, it is essential to establish a line of communication between the different departments to be able to establish the needs of the company. What is an effective recruitment and selection process? 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