Business Management
Business management is defined as the activities that are applied within the work environment of the organization, and aim to coordinate and organize business until the final results are reached. Business administration is also known as the supervision of activities and projects for their implementation based on correct executive means. Business administration is also known as the means used to direct, evaluate and motivate individuals to achieve the required work. Other business administration definitions are the methods and actions that managers use for managers Management that aims to achieve control over it in a way that ensures the success of the work environment.
areas of business administration
Business administration is one of the jobs that the labor market needs a lot, and according to the economic need in different business sectors, which contributes to the development of management tools, so a group of business administration fields is relied upon, the most important of which are:
Financial control management: One of the most important areas of business administration, it depends on the need to follow up on the financial reports of the work, which contributes to supporting the oversight function in order to follow up on investments, their results, and their impact on the financial budget.
Information management: It is the functional and technological field that depends on the management of business information, through computers and electronic databases, which are easy to store, retrieve, transfer, and deal with.
Operations Department: It is the supervision of the implementation of special operations in the main operational and administrative activities that include sales and purchases, human resources, and other administrative departments.
Sustainability Control Department: It is the department that aims to maintain the sustainability of implementing strategies in the company. It maintains the implementation of administrative programs that help in the development of work on an ongoing basis.
Operations Department: It is the department that supervises the special operations in all functional departments; It follows up on the formulation of administrative policies and operations that occur on a daily basis, plans to monitor human resources, coordinates the recruitment and appointment of new employees, and contributes to supporting project management and executive management responsibilities.
Business Ethics
Business management depends on the understanding and awareness of a set of business ethics, which is defined as the ethical commitment of employees in all functional principles and rules within the work environment, and ethical issues vary between establishments according to the nature of the work they provide. There are some reasons that support the application of business ethics in organizations, the most important of which are:
Preference for dealing with ethical institutions: all suppliers, clients and customers prefer to deal with institutions that are distinguished by their ethical nature; Especially those that maintain the application of professional rules in the work environment; Whether while dealing with employees together, or with the environment around them.
Influencing the institutions’ ability to attract more clients: When the institution’s reputation is good in the business market, depending on the interest of the supervising management in supporting ethical guidance at work; This contributes to attracting more clients to deal with the institution.
Enhancing cooperation and good dealings between employees: Business ethics contribute to maintaining the stability of the work environment and ensuring tact among colleagues in the institution as a single unit, or in its various departments; Studies indicate that between one and three employees quit their jobs due to a lack of commitment to applying business ethics.
Supporting the compatibility between the institution and the surrounding social environment: it is necessary that the society be satisfied with the work of the institution, which is strengthened through the employees’ awareness of the components of society; Specifically, those who come from different societies, such as other countries that may differ socially from the society in which the institution is located, as what is considered ethical in certain actions in one society is not necessarily ethical in another society.
Business management goals
Business administration aims to achieve a set of goals, namely:
Create or modify the organizational objectives of the organization; The business administration is concerned with the necessity of following up on the special objectives in organizing the work, which contributes to the development of the functional tasks in the institution, and to ensure the success in achieving them correctly.
Translating and explaining work goals to employees. It is important for each employee to identify the specific goals at work, and this helps in enhancing his understanding of the nature of his job; So that he can succeed in carrying out his tasks.
Motivating employees to participate in decision-making, and this is encouraged by moving away from centralization in decision-making, and replacing it with effective participation by employees; It is possible that ideas will be presented by them that help support and develop the work and management in carrying out the planning function.
business management strategies
Business administration in the work environment needs to develop strategies that contribute to its success, the most important of which are:
Keeping pace with market needs: It is one of the most important strategies that business administration seeks to implement, as it is important for businesses to be keen to provide the market needs of goods, services and means that help the professional development of the institution, and contribute to increasing its revenues.
Dependence on the implementation of a specific action plan: which accepts modification in line with the surrounding changes in the work environment, but contributes to the success of the institution.
Planning for expectations and surprises: any reliance on developing an alternative plan that can be applied, in the event of anything unexpected or sudden that affects the work, and may lead to the emergence of a complete or partial change in the master plan.
The use of training as one of the means that help individuals working in the business administration sector understand the activities and duties entailed by them, and the training contributes to enhancing the ease of dealing with clients, and providing services to them in the best available ways and means.