FIELDS IN THE ABM STRAND (Understanding Business Administration)

Fields in the ABM Strand

When it comes to getting a good grasp of the ABM Strand, you have to first get acquainted with the two central and all-encompassing fields involved. Let’s take a comprehensive look at all the factors that come into play within the cornerstones of the ABM Strand:

Understanding Business Administration

Business administration in its most basic definition is the management of a business. It involves each and every aspect of both overseeing and supervising business operations and all its related fields: accounting, finance, and marketing.

The administration of a business is a process that involves both the management and performance of business operations and all the necessary decision making, as well as the efficiency and effectivity of organizing people and resources as to direct activities towards tangible objective and goals.

In general terms, business administration pertains to the broader management function which includes all the associated finance, personnel, and MIS services.

A person working as a business administrator is in charge of overseeing a business and its operations. The central aim of the job is to ensure that a particular business is properly organized, managed, and meets its goals.

The tasks that a person in this position has are varied and immense in wideness. These often involve overseeing daily operations, making plans for the success of the business, and ensuring that the right staff members are hired and adeptly trained. When organizational changes are necessary, a business administrator paves the way for taking the right measures.

There are some cases wherein a person who starts and owns a business also functions as its central administrator, but this is not always the case; companies often times hire an individual for the administrative job. A person that works as a business administrator essentially functions as the manager of a company and even of its other manager. This person monitors those in managerial positions as to secure that they adhere to the company’s policies and efficiently work towards the company’s goals.

Business administrators may also work alongside with the managers solely directed for human resources, finance, accounting, marketing, production departments as to make sure that they are focused and working in-line towards the company’s objectives. Also, business administrators might interact and communicate with people outside the company, such as business partners, vendors, etc.