Business management

Business administration is management of a business. It includes all aspects of overseeing and supervising business operations.

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 analysis, 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 or operational 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. A business administrator oversees a business and its operations. The job is to ensure that the business meets its goals and is properly organized and managed. The tasks a person in this position has are both wide and varied, and often include ensuring that the right staff members are hired and properly trained, making plans for the business' success, and monitoring daily operations. When organizational changes are necessary, a person in this position usually leads the way as well. In some cases, the person who starts or owns the business serves as its administrator, but this is not always the case, as sometimes a company hires an individual for the job. When a person has the title of business administrator, they are essentially the manager of the company and its other managers. The person oversees those in managerial positions to ensure that they follow company policies and work toward the company's goals in the most efficient manner. For example, they may work with the managers of the human resources, production, finance, accounting, and marketing departments to ensure that they function properly and are working inline with the company's goals and objectives. Additionally, they might interact with people outside the company, such as business partners and vendors.

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