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Business Administration (ADE)
University
Introduction to the Degree in Business Administration. Source: Wikipedia (CC BY-SA 4.0).
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What you need to know
Read the full theory →Foundations, Areas, and Evolution of Business Administration
- Objective: achieve goals with efficiency and effectiveness
- Resources to optimize: human, financial, technological, and material
- Strategy Area: mission, vision, and long-term objectives
- Operations Area: production processes and logistics
- Marketing Area: positioning and commercialization
- Finance Area: budgets and investments
- HR Area: recruitment, training, and retention
- Functional relationship: management and business development are intertwined
- Primitive era: association of efforts due to demographic growth
- Agricultural period: control of collective work and tributes in kind
- 19th Century: the beginning of management as an academic discipline
- Kaizen: Japanese philosophy of continuous improvement
- Kaizen Cycle: Identification, Analysis, Solution, Evaluation, Standardization, and Repetition
Techniques, evolution, and qualities of business management
- Management objective: productivity, sustainability, and competitiveness
- Strategic analysis: diagnosis of political, economic, social, and international scenarios
- Organizational management: includes planning, organization, allocation of authority, and responsibilities
- Financial management: obtaining credit at the lowest cost and resource control
- Operations management: transformation of inputs into products and their distribution
- Evolution: transition from repetitive tasks and rigid discipline to complex management driven by technology and competition
- Current priority: obtaining consistent profits
- Employee relations: participation in goal setting and support in training and resources
- Feedback: must be coherent and constructive (an incentive, not a threat)
- Optimization: requires expert consultation and mastery of financial, productive, and logistical factors
Fundamentals, training, and trends in business management
- Business management: requires academic theory and practical experience
- Key skills: planning, decision-making, leadership, and creativity
- Planning Function: combining resources for profitable projects
- Organization Function: grouping and coordinating resources for optimal utilization
- Communication Function: essential for work climate and effectiveness
- Control Function: quantifying progress against strategic objectives
- Current strategic pillar: corporate sustainability and social responsibility
- Business Science Degree: training in marketing, administration, production, and finance
- Duration of studies: higher (4+ years) or short cycle (3 years)
- International Business: focus on finance, marketing, supply chain, HR, and operations in a global environment
- Digitalization Trend: use of AI, Big Data, and robotics
- Remote Management Trend: teleworking and online collaboration tools
- Agility Trend: application of Scrum and Kanban in general management
References and concepts related to business management
- Key concepts: Business Owner, Entrepreneur, Entrepreneurship
- Areas of study: Business Development, Business Economics, Commercial Law, Corporate Law
- Financial and legal elements: Share capital
- Education: Master of Business Administration (MBA)
- Types of companies: Small and medium-sized enterprise (SME)
- Strategies and contexts: Growth platforms, Business management in Japan
Flashcard preview (6 of 20)
- 01
In business administration, what is the central objective of resource coordination?
To improve the relationship between productivity, quality, costs, distribution, and logistics.
- 02
In business administration, what is the purpose of optimizing human, financial, technological, and material resources?
To guarantee sustainability and competitiveness in changing environments.
- 03
In human resources management, what activities are included in recruitment and training?
Staff motivation and retention.
- 04
In the history of management, which civilizations are the main representatives of the agricultural period?
Mesopotamia and Egypt.
- 05
In the Kaizen philosophy, what does the term mean?
Continuous improvement.
- 06
Fundamental objective of the entrepreneur's management:
To improve productivity, sustainability, and competitiveness.
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