Business administration
Business administration
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Business administration is the process of managing a business or non-profit organization, so that it remains stable and continues to grow.[1]
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 toward common goals and objectives.
In general, administration refers to the broader management function, including the associated finance, personnel and MIS services.
In some analyses, management is viewed as a subset of administration, specifically associated with the technical and operational aspects of an organization, distinct from executive or strategic functions. Alternatively, administration can refer to the bureaucratic oroperational performance of routine office tasks, usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet the organization's goals. These "functions" of the administrator were described by Henri Fayol as "the five elements of administration". Sometimes creating output, which includes all of the processes that create the product that the business sells, is added as a sixth element.
See also[edit]
- Administration (insolvency) (for administration of an insolvent)
- Bachelor of Business Administration
- Board of directors
- Central Administration
- Chairman
- Charitable organization
- Chief executive officer
- Chief administrative officer
- Fund-raiser
- Human resources
- Master of Business Administration
- Non-profit organization
- Private sector
- Public Administration
- Post Graduate Diploma in Management
- Public sector
- White-collar worker
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