The concept of business administration is linked to the management of this type of entities.
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 developing productive or commercial tasks with the objective of obtaining economic profits.
Business administration , in this way, is linked to the management of this type of organization . It is a set of precepts, rules and practices that seek to optimize the use of resources so that the company achieves its objectives.
Business Administration as a science and university career
It is important to keep in mind that business administration can be considered a science . In fact, it is a university degree that is linked to economics and whose graduates become graduates. Graduates in Business Administration , in this framework, apply their knowledge to make a company function efficiently.
Among the subjects studied by those who carry out the career in question are mathematics, microeconomics , financial accounting, history of economics, statistics, introduction to law and introduction to marketing, tax systems, management and cost accounting, the theory of money and banking...
More students
In recent years, there has been a notable increase in the number of students who make the decision to pursue a degree in Business Administration. They do it for a series of interesting reasons, in addition to the vocational one, such as the following:
-It gives them the opportunity to access a professional sector with enormous future possibilities.
-It will allow them to get a job in both the public and private spheres.
-It will help them to be able to start their own company.
-All this without overlooking that they will also have the opportunity to teach in business schools and even universities.
Business Administration experts are involved in establishing objectives and planning and directing actions to achieve them.
Job opportunities for Business Administration graduates
Without a doubt, the enormous professional opportunities are what most encourage many young people to opt for this university career. And having a degree in Business Administration will allow them to hold a job in areas like these within a company:
-Audit, both financial and operational.
-Human resources, selecting new employees and managing the existing workforce to achieve the necessary motivation for the company.
-Consultancy.
-Marketing, to create the relevant brand image of the company.
– Finance and purchases.
From goal setting to planning and direction
The administration of a company requires, as a starting point, the establishment of objectives . From these goals, the process of organizing resources (financial, human, etc.) begins so that the entity can fulfill its purposes. Due to the multiplicity of factors involved in the operation of a company, its administration requires significant coordination and communication work.
Planning (setting objectives and deciding how to try to achieve them), organization (the provision of resources in pursuit of planning), direction (the application of resources) and control (to verify that what has been established is fulfilled) are the pillars of business administration.