A company requires administration to function. Administrators in a business keep the organization operating properly. Without administration or management an organization would probably fail.
Management of a business includes the management of finance, personnel, information technology and resources. Business managers have to use skills such as strategic thinking, leadership and communications in their daily business operations, problem solving also helps.
Qualifications for management include Bachelors of Business Administration and Masters of Business Administration. Included are studies in finance,marketing, accounting and personnel management.
Management emerged in the 19th and early 20th century when business owners found a need for management skills.
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