Fundamentals of Business Administration & Management
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Understanding Administration
Administration is the process of managing resources and activities on behalf of individuals or social groups. It involves the effective handling of various resources, including:
- Human Resources
- Financial Resources
- Technological Resources
- Material Resources
- Time
Administration as a Discipline
As a discipline, administration involves making decisions and is fundamentally about organizing, managing, controlling, evaluating, and coordinating. It is a social discipline composed of principles, techniques, and practices.
We can analyze administration both as a discipline and as a process.
- As a discipline, it is a body of accumulated knowledge, including principles, theories, and concepts.
- As a process, it encompasses the functions