Actividad 8: Business Communication
Business Communication
Administration and Management
Actividad 8.
Provide a definition of administration: The process of running an organization, office, or business. This
includes creating rules and regulations, making decisions, management of
operations, creating organization of staff/employees/people to direct
activities towards achieving a common goal or objective.
Concepts of Administration:
- ·
Planning means choosing the best out of various
alternative objectives, processes, policies, and programs.
- ·
Involves implementation of the policies, procedures,
rules, and regulations as setting up by the management.
- ·
D. Waldo says “Administration is a type of cooperative
human effort that has a high degree of rationality.”
- ·
Brooks Adams says “Administration is the capacity of
coordinating many and often conflicting social energies in a single organism,
so adroitly that they shall operate as a unity.”
- ·
Pfeiffer says “Administration is the organization and
direction of human and material resources to achieve desired ends.”
Universal functions in Administration:
- ·
Planning: In this step, the manager will create a
detailed action plan aimed at some organizational goal.
- ·
Organizing: This step requires the manager to
determine how she will distribute resources and organize her employees
according to the plan.
- ·
Directing: Involves the social and informal sources of
influence that you use to inspire action taken by others. If managers are
effective leaders, their subordinates will be enthusiastic about exerting
effort to attain organizational objectives.
- ·
Controlling: Ensuring that performance does not
deviate from standards.
Business
Define Business: A
business is defined as an organization or enterprising entity engaged in
commercial, industrial, or professional activities. Businesses can be
for-profit entities or they can be non-profit organizations that operate to
fulfill a charitable mission or further a social cause.
The term "business" also refers to the
organized efforts and activities of individuals to produce and sell goods and
services for profit
Concepts of Business. (Define them in detail)
Business business is any activity, occupation or
method that aims to make a profit.
A business consists of a method of forming or obtaining
money in exchange for products, services, or any activity that you want to
develop.
Every business consists of a transaction by which two or more parties exchange goods and services for a specific or determinable price. The exchange of one good or service for another is called barter. From a legal point of view, every business is formalized through a contract, the best-known legal business being the sale and purchase agreement.
The objective of Business:
Business objectives are the steps a business needs to
take to meet its overall aims. the
business may have several different objectives that will help it to meet its
aim.
All businesses have aims and objectives. These give a
business direction and provide a purpose for what the business does each day. A
business aim is the overall target or goal of the business.
Business objectives are often created using the SMART
acronym:
S – Specific
M – Measurable
A – Agreed
R - Realistic
T – Time-bound
Types of classification of business. (Define each in
detail)
By economic activity: It´s the productive process that
a company performs within the goods and services sector. There are 3 types:
Primary: Is the sector that is disposed to the
extraction of raw materials, to the use of natural resources for their
treatment and production in goods and their respective sale in the market.
Secondary: They are the companies that work both with
industry or with construction, it's the sector that works with raw materials or
that transforms them into goods for the use of the final consumer.
Tertiary: Those who work with the products in their
final state
According to its legal form: In accordance with the
legal structure that it adopts, according to the legislation in force in the
country:
Public Limited Company: One that becomes partners,
each of whom contributed capital, which makes them a participant in the
company.
Limited Partnership: One that is made up equally of
partners, who contribute by determining capital.
According to its size: Is the volume of employees they
have and their income.
- ·
Big company
- ·
Medium company
- ·
Small company
- · Microbusiness
What does “form of business ownership” refer to?
Provide definitions.
They are the people who own the company.
The company has several owners, depending on who worked on its business construction.
Management
Define management: It's
the mechanism that drives the organization's efforts to adapt to those changes.
It is not a single function in a company, but several distributed throughout
the different levels, and there is no single type of management.
Functions of management. (Describe them in detail)
·
Planning: Planning is essential for all types of
management and must start from the overall function that you are trying to
achieve.
·
Organization: The organization is the essence of all
business management. Delegating the relevant tasks to the relevant people will
be the first action you will need to take to achieve a proper organization.
·
Staff: The staff of your company is one of the most
important business management functions, if you choose the right person for the
right job, and if they have the necessary tools to do the job, you can see that
they manage your company efficiently.
·
Leadership: Remember that a manager tells you what you
want and how to get it. A leader only tells you what he wants. Help them, guide
them, give them entrepreneurial power, but don't take over the pertinent
functions in question. They need to know that you trust them to get a job done
right.
·
Control: It is necessary to control the behavior and
attitude of the team. You must carry out adequate control of arrival times,
work standards or time spent on breaks and lunches.
·
Important areas of knowledge for a business manager.
Mentions as many as you know or find.
·
Organization and planning: It is essential to manage
the actions and tasks of the sales team properly.
·
Team management: It is important that you know in
detail the tasks that salespeople perform on a daily basis and supervise the
work of your employees.
·
Empathy: Knowing how to listen is part of the keys to
all business management.
·
Leadership: Essential for those who have the task of
directing.
·
Time management: To achieve the best results you must
be very aware of the importance of managing your team's time.
·
Innovation: The commercial manager will be responsible
for developing innovative marketing strategies or optimizing processes.
Organization
Provide a definition of organization. Be extensive:
The term organization is used to refer to entities and
activities, therefore, it has two meanings: the first, refers to a set of
elements, composed mainly of people, who act and interact with each other under
a structure thought and designed so that the human, financial, physical,
information and other resources, in a coordinated, orderly and regulated manner
by a set of rules, achieve certain purposes, which may or may not be for
profit; and the second: it refers to the result of coordinating, arranging and
ordering the available resources (human, financial, physical and others) and
the necessary activities, in such a way that the proposed ends are achieved.
Excellent job, Majo! I think organization and management are two very important aspects in every business and I totally agree with you in the SMART acronym. :)
ResponderBorrarHello, good job, I really liked your opinion of the organization and I think we have common thoughts, I think the organization is very important when doing business.
ResponderBorrarHi Majo!, I like it a lot, since we have different ideas and different information. We could make a great team if we get to work together.
ResponderBorrarCongratulations, you have organized pretty well your job, you used the definition of management and administration in a positive way.
Hi Jacqueline! I am so happy to see your comment today; I hope we could work together later. I know we will do a great job because we share different ideas but at the same time we would be able to complement our ideas.
BorrarHi! I really liked your ideas and I can see we have the same opinion in some parts of the activity :)
ResponderBorrarHello, we have similar answers. I specially liked your definition of administration.
ResponderBorrar