9. Definitions
Administration
Provide a definition of
administration.
-
Administration is the process that seeks through
planning, organizing, executing, and controlling resources to make them more
efficient use to achieve the objectives of an institution.
Sources.
Quiroa, Myriam (January 29, 2020). Administración. economipedia.com https://economipedia.com/definiciones/administracion.html
Concepts of Administration
-Henry Fayol:
refers to the concept as knowing how to organize, foresee, command, coordinate,
and control different tasks in the appropriate way.
Source.
ILET. (s.f). “El concepto de la
administración definida por diferentes autores”.
Ilet.mx. https://ilet.mx/toluca/administracion-concepto-diferentes-autores/
- Planning: involves
the creation of an action plan for the future.
- Organizing: make sure the necessary people and
resources are available.
- Commanding: which leads employees to stick to
plans.
- Coordination: make sure all parts of the business
are performing well towards the goals.
- Control: review the performance of the
organization.
Source.
Refi Online
Colleges. (s.f) What is Business Administration? What is Business Management?
SBA, Refi Online Colleges. Youtube. https://www.youtube.com/watch?v=nnd8m2WZwi0
Business
Define Business
A business is any activity, occupation or
method that aims to make a profit.
Concepts of Business.
(Define them in detail)
·
First
basic concept: there are only two types of business, transactional and relational. Transactional businesses are those that
sell products or services that are "durable consumption." They are so
named because, in general, they have very long buyback cycles. For example:
houses, cars, holiday accommodation, bathroom furniture, building materials.
Relational businesses are those that sell products and services for quick or
immediate consumption.
·
Second
basic concept: how much a customer is worth. It is the customers who bring the money to the company.
If we talk about a transactional business, obtaining this value is relatively
simple, because almost every sale that is achieved corresponds to a different
customer.
·
Third
basic concept: how much a customer cost. Regardless of the type of business, there is always a constant
investment in getting customers.
Objective of
Business.
The main objective of the business is profit,
that is, to make a profit. When an organization does not seek profit, it cannot
be said that its activities are a business even if it has similar
characteristics.
Types or classification of business. (Define each in detail)
- National or international: The business can develop its activity within the borders of a country (national) or expand its activities to several countries (international).
- Physical or online: Businesses not only include those that have a physical structure or local sale, but also transactions and exchanges that are done online. There are even services such as distance education that can be offered to the client without practically requiring their own infrastructure.
- According to economic activity: Businesses can be grouped according to the economic activity they perform. Generally, three main types of sectors or activities are considered:
1. Primary:
Referring to the extraction of raw materials. So, for example, we have mining,
fishing, livestock, etc.
2.
Secondary:
Includes all activities that transform inputs into goods and services. Thus,
for example, textiles, wines, food, etc. are manufactured.
3. Tertiary: Groups activities related to services. So, for example, we have merchants, transportation, hairdresser, etc.
- According to its legal form
·
Sole
proprietorship: Self-employed entrepreneur.
·
Limited
company: Formed by one or more partners who contribute capital and work.
·
Corporation:
It consists of several partners who have a stake in the company.
· Labor society: When workers have in their possession a large part of the company.
Source:
-Roldán, Paula Nicole.
(July 31, 2017). Negocio.
Economipedia.com https://economipedia.com/definiciones/negocio.html
-Gómez, E. (s.f). “TRES CONCEPTOS BÁSICOS DE NEGOCIO QUE TODO EMPRESATIO DEBE
CONOCER”. Grandes Pymes. https://www.grandespymes.com.ar/2017/06/11/tres-conceptos-basicos-de-negocio-que-todo-empresario-debe-conocer/
Management
Define management.
It is the procedure that is carried out to be
able to reach a goal or do something.
Functions of management. (Describe them in detail)
Production management: Determination of the volume of current production of products or the provision of services, disposition of persons, organization of supplies of materials, raw materials, components, information to the places of use by members, provision of timely repair of equipment and machinery, rapid resolution of faults and malfunction in the technical process, quality control.
Conclusion of economic contracts: Organization of the purchase, delivery and storage of raw materials, components, innovation management, research organization, application development, prototype management, organization of the introduction of new products in production, marketing management and sales of finished products
Market research: formation of sales channels, development of pricing policy, advertising of finished products. Organization of the shipment of finished products to customers.
Human resources management: Selection, placement, training, professional development of staff; motivation of staff; creating an enabling moral and psychological climate; improving working and living conditions of employees; maintaining contacts with trade union organization; financial management.
Budget and financial plan of the organization: Training and distribution of its financial resources, investment portfolio, assessment of the current and future situation of financial resources and the adoption of the necessary measures to strengthen them, management of accounting and analysis of economic activity.
CEUPE
magazine. (s.f). ¿Qué funciones tiene la gestión de la organización?
https://www.ceupe.com/blog/que-funciones-tiene-la-gestion-de-la-organizacion.html
Important areas of knowledge for a business manager.
Mentions as many as you know or find.
- Comunicación.
- Intuición.
- Pensamiento crítico.
- Capacidad de negociación.
- Trabajo en equipo.
- Capacidad de planificar y
organizar.
Organization
Provide a definition of organization. Be extensive.
The organization is a basic activity of administration, it serves to group and structure all the resources of a company, to achieve the stated objectives.
I think that the most important resource in a company is employees because they achieve an integration by which they perform assigned tasks to achieve a common purpose so that an organization can exist, I think everything is necessary. but I think it is an important point to highlight human resources.
In conclusion, organization refers to the organization,
integration and structuring of the organs that are involved in the
administration.
Do you think that customer satisfaction should be included as a core business objective?
ResponderBorrarOf course, I think it is very important that it is the main business objective since the solvency of the company depends on the client.
Borrar
ResponderBorrarI liked how you defined business, a short and concise concept but it implies that it is the important thing
we have different answers but we can both make a more enriching definition
ResponderBorrar