Business Management
Business management is defined as activities that are applied within the work environment of the organization, and aim to coordinate and organize business until the final results are reached. Business administration is also defined as the supervision of activities and projects for their implementation based on correct executive means.
Business management is also defined as the means used to guide, evaluate, and motivate individuals to achieve the desired business.
Among the other definitions of business, the administration is the methods and actions that managers use to address administrative processes that aim to achieve control over them in a way that ensures the success of the work environment.
Areas of business administration
Business administration is one of the jobs that the labor market needs a lot, and according to the economic need in different business sectors, which contributes to the development of management tools, so a group of business administration fields is relied upon, the most important of which are:
- Financial control management: one of the most important areas of business management, depends on the need to follow up on the financial reports of the work, which contributes to supporting the control function in order to follow up on investments, their results, and their impact on the financial budget.
- Information management: It is the functional and technological field that depends on the management of business information, through computers and electronic databases, which are easy to store, retrieve, transfer, and deal with.
- Operations Management: It is the supervision of the implementation of special operations in the main operational and administrative activities that include sales and purchases, human resources, and other administrative departments.
- Sustainability Control Department: It is the department that aims to maintain the sustainability of implementing strategies in the company. It maintains the implementation of administrative programs that help in the development of work on an ongoing basis.
- Operations Department: It is the department that supervises the special operations in all functional departments; It follows up on the formulation of administrative policies and operations that occur on a daily basis, plans to monitor human resources, coordinates the recruitment and appointment of new employees, and contributes to supporting project management and executive management responsibilities.
Business Ethics
Business management depends on understanding and realizing a set of business ethics, which is defined as the moral commitment of employees to all functional principles and rules within the work environment, and ethical issues differ between enterprises according to the nature of the work they provide. There are some reasons that support the application of business ethics in organizations, the most important of which are:
- Preference for dealing with ethical institutions: all suppliers, clients, and customers prefer to deal with institutions that are distinguished by their ethical nature; Especially those that maintain the application of professional rules in the work environment; Whether while dealing with employees together or with the environment around them.
- Influencing the institutions’ ability to attract more clients: When the institution’s reputation is good in the business market, depending on the interest of the supervising management in supporting ethical guidance at work; This contributes to attracting more clients to deal with the institution.
- Enhancing cooperation and good dealings between employees: Business ethics contribute to maintaining the stability of the work environment, and ensuring tact among colleagues in the institution as a single unit, or in its various departments; Studies indicate that between one and three employees quit their jobs due to a lack of commitment to applying business ethics.
- Supporting the compatibility between the institution and the surrounding social environment: it is necessary that the society be satisfied with the work of the institution, which is strengthened through the employees’ awareness of the components of society; Specifically, those who come from different societies, such as other countries that may differ socially from the society in which the institution is located, as what is considered ethical in certain actions in one society is not necessarily ethical in another society.
Business management goals
- Create or modify the organizational objectives of the organization; The business administration is concerned with the necessity of following up on the special goals in the organization of work, which contributes to the development of the functional tasks in the organization and to ensure the success in achieving them correctly.
- Translating and explaining work goals to employees. It is important for each employee to identify the specific goals at work, and this helps in enhancing his understanding of the nature of his job; So that he can succeed in carrying out his tasks.
- Motivating employees to participate in decision-making, and is encouraged by moving away from centralization in decision-making, and replacing it with effective participation by employees; It is possible that ideas may be presented by them that help support and develop work and management in carrying out the planning function.
Business management strategies
Business management in the work environment needs to develop strategies that contribute to its success, the most important of which are:
- Keeping pace with market needs: It is one of the most important strategies that business administration seeks to implement, as it is important for businesses to provide the market needs of goods, services, and means that help the professional development of the institution, and contribute to increasing its revenues.
- Relying on the implementation of a specific work plan: which accepts modification in line with the surrounding changes in the work environment, but contributes to the success of the institution.
- Planning for expectations and surprises: any reliance on developing an alternative plan that can be applied, in the event of anything unexpected or sudden that affects the work and may lead to the emergence of a complete or partial change in the master plan.
- The use of training is one of the means to help individuals working in the business administration sector understand the activities and duties entailed by them. Training also contributes to enhancing the ease of dealing with clients and providing services to them in the best available ways and means.