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ADMIN/IT RESEARCH

Administration in a business

Reference: https://www.youtube.com/watch?v=nnd8m2WZwi0

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From this video I understood that Business administration is administration of a business. It includes all aspects of overseeing and supervising business operations. It also covers fields that include accounting, finance, project management and marketing.  It mainly includes the performance or management of business operations and decision-making. What's really important about this is that efficient organisation of people and other resources to direct activities towards common goals and objectives.

 

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What does administration management involve for our business?

Reference: http://www.instam.org/Administrative-Management

 

The following elements can be appropriate for our business plan:

  • ​Business planning

  • Project management 

  • Finance 

  • Developing budgets

  • Performing cost reduction research

  • Handling accounts receivable/payable 

  • Human Resources

  • Recruiting and training Employees

  • Processing payroll 

  • Reporting on employee performance

  • Office and facilities management 

  • Clerical tasks 

  • Writing contracts 

  • Using database systems 

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Admin - People Management

Reference: https://www.fibre2fashion.com/industry-article/2235/what-is-people-management

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Key points to consider when managing people in our business;

  • Our employees are the biggest asset we have.

  • The performance and attitude of our staff can result in the success or failure of the business.

  • People management, encompasses the tasks of recruitment, management, and providing ongoing support and direction for the employees of our business.

  • We must focus on both hiring the right people and then getting the most out of these people and provide appropriate training and development.

  • We should think that employees are involved as "partners" in the business.

  • Encourage Co-operation, Respect, Self-Motivation, Trust and Self-Discipline for our employee.

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https://static.fibre2fashion.com/articleresources/images/23/2235/people_big_Big.jpg

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COMMENTS

VIKAS PAREKH: This research is  decent and can help us apply principles and strategies for admin and IT in our business plan, could be better by having more information.

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