What are the Meanings of Business Administration?

The notion of administration can refer to the structure, operation and performance of an entity. A company, on the other hand, is an organization that is dedicated to carrying out productive or commercial tasks with the objective of obtaining economic benefits.

Business administration, in this way, is linked to the management of this type of organization. According to Digopaul, it is a set of precepts, rules and practices that seek to optimize the use of resources so that the company achieves its objectives.

It is important to note that business administration can be considered as a science. In fact, it is a university degree that is linked to the economy and whose graduates become graduates. Graduates in Business Administration, within this framework, apply their knowledge to ensure that a company operates efficiently.

Among the subjects studied by those who carry out the career in question are mathematics, microeconomics, financial accounting, economic history, statistics, introduction to law and introduction to marketing, tax systems, management and cost accounting, the theory of money and banking…

In recent years, there has been a notable increase in the number of students who make the decision to pursue a Business Administration degree. They do this for a number of interesting reasons, in addition to their own vocation, such as the following:
-It gives them the opportunity to enter a professional sector with enormous possibilities for the future.
-It will allow them to get a job in both the public and private spheres.
-It will help them to start their own company.
-All that without overlooking either that they will also have the opportunity to teach in business schools and even universities.

Undoubtedly, the huge career opportunities are those that most encourage many young people to opt for this university career. And it is that having the degree of Business Administration will allow them to exercise a job in areas like these within a company:
-Audit, both financial and operational.
-Human resources, selecting new employees and managing the existing staff in order to achieve the necessary motivation for the company.
-Consultancy.
-Marketing, in order to create the relevant brand image of the company.
-Finance and purchases.

The administration of a company requires, as a starting point, the establishment of objectives. Based on these goals, the process of organizing resources (financial, human, etc.) begins so that the entity manages to fulfill its purposes. Due to the multiplicity of factors that intervene in the operation of a company, its administration requires an important work of coordination and communication.

The planning (setting goals and deciding how to try to achieve them), the organization (the provision of resources towards planning), the direction (the application of resources) and monitoring (to verify that the provisions is fulfilled) are the pillars of business administration.

Business Administration