Business Administration: Business administration and management is a popular career choice, especially in the United States and other capitalist countries where big business is so prevalent. Business managers typically carry a great deal of responsibility and may count among their duties anything from basic decision-making to training and employee relations. Typical training for corporate managers includes receiving an advanced degree referred to as the M.B.A. (Master of Business Administration). With the large number of managers in the world, and the various responsibilities undertaken by the collective group, such degrees are becoming more common and resources for managers more prevalent. The links herein are related to business administration and management.
What is an Organization?
“It is an entity where two or more persons work together to achieve a goal or a common purpose.”
There are so many organizations around us. Daily we visit and see many organizations hospitals, colleges, factories, farms and government offices. Mosque/Church is also an example of an organization. People go there and say prayers. Activities of praying are to achieve a certain goal. Similarly, any unit in which two or more persons are working together for some purpose is called an organization.
People
Purpose
Process
POLCA
If there is a Business entity or organization, then there must be some People. They work as whole for a common Purpose, so there must be a defined purpose. If a Business entity doesn’t have any purpose, it will not survive for long run. To achieve the purposes by using people, the processes are needed. Without any Process, you cannot achieve any type of purpose or goal. For achieving these goals, we use some processes. So that process is also obvious and important for a Business entity. The last important thing for any Business entity is that it requires main pillars of management i.e. POLCA: