Administration functions comprise vital parts of an organization's structure, helping the organization to manage resources and people in an efficient manner. Planning, budgeting and organizing are the three primary administration functions in any company, and a lack of quality in any of these is quite often detrimental to the health of the company.Know More
Planning is vital to the success of any venture. This does not just refer to plans for the next month, quarter or year, but also to five, 10 and 25 years down the road. When IBM's leadership said in the early 1970s that it was unlikely that anyone would ever want to use a home computer, this showed a lack of foresight that would plague the company for years to come.
Budgeting is in part an element within planning, but the financial organization within a company must have its own infrastructure to maintain a valid degree of control over the organization. Large ideas are an important part of any successful company, but without the budget in place to fund these large ideas, they remain just that, ideas rather than reality.
Organizing is the third part of major administration functions. Much of this has to do with assigning particular people and departments to specific tasks and ensuring that all of the many subsidiary tasks for a larger goal get accomplished.Learn more about Business Resources
The SAP system helps create a common centralized database that runs all of the applications in an organization. The system has been set up in a way that it is versatile enough to handle all of the functions of an organization. Major companies such as IBM and Microsoft use the SAP system to run their operations.Full Answer >
A 501(c)(3) organization is an organization that is organized and operated exclusively for tax-exempt purposes. Often referred to as charitable organizations, a 501(c)(3) organization must follow specific laws in order to retain its tax-exempt status.Full Answer >
A traditional business is typically an organization that is a store, restaurant or agency. These types of businesses offer consumers some kind of service or product.Full Answer >
Business education, which encompasses several disciplines, enables people to think, speak and behave in ways that support the growth, efficiency and effectiveness of an organization or several organizations. Specific objectives vary by educational institution, specialty, and, in the case of corporate-sponsored training and education, an organization's values and mission.Full Answer >