[one_half][ads1][/one_half]The administration of a business / Business Administration is interchangeable with the performance or management of business operations, maybe including important decision making. Thus it is likely to include the efficient organization of people and other resources so as to direct activities toward common goals and objectives.The word is derived from the Middle English word administracioun, which is in turn derived from the French administration, itself derived from the Latin administratio – acompounding of ad (“to”) and ministrare (“give service”).
Business Administration can occasionally serve as the title of the general manager or company secretary who reports to a corporate board of directors. This title is archaic, but, in many enterprises, the general management function, including the associated Finance, Personnel and management information systems services, is what is meant by the term “administration”.
In some organizational analyses, management is viewed as a subset of administration, specifically associated with the technical and mundane elements within an organization’s operation. It stands distinct from executive or strategic work. Alternatively, administration can refer to the bureaucratic or operational performance of routine office tasks, usually internally oriented and reactive rather than proactive.
The world’s first business school, the ESCP Europe with campuses in Paris, London, Berlin, Madrid and Torino, was established in 1819. The first business school in the United States, the Wharton School of the University of Pennsylvania, was founded in 1881. Anecdotically, top French business school HEC was also created in 1881, while Harvard Business School, founded in 1908, was born just one year after France’s prestigious ESSEC Business School.
Administrative functions Administrators, broadly speaking, engage in a common set of functions to meet the organization’s goals. These “functions” of the administrator were described by Henri Fayol as “the 5 elements of administration”
- Planning – is deciding in advance what to do, how to do it, when to do it, and who should do it. It maps the path from where the organization is to where it wants to be. The planning function involves establishing goals and arranging them in a logical order. Administrators engage in both short-range and long-range planning.
- Organizing – involves identifying responsibilities to be performed, grouping responsibilities into departments or divisions, and specifying organizational relationships. The purpose is to achieve coordinated effort among all the elements in the organization (Coordinating). Organizing must take into account delegation of authority and responsibility and span of control within supervisory units.
- Staffing – means filling job positions with the right people at the right time. It involves determining staffing needs, writing job descriptions, recruiting and screening people to fill the positions.
- Directing (Commanding) – is leading people in a manner that achieves the goals of the organization. This involves proper allocation of resources and providing an effective support system. Directing requires exceptional interpersonal skills and the ability to motivate people. One of the crucial issues in directing is to find the correct balance between emphasis on staff needs and emphasis on economic production.
- Controlling – is a function that evaluates quality in all areas and detects potential or actual deviations from the organization’s plan. This ensures high-quality performance and satisfactory results while maintaining an orderly and problem-free environment. Controlling includes information management, measurement of performance, and institution of corrective actions.
- Budgeting – exempted from the list above, incorporates most of the administrative functions, beginning with the implementation of a budget plan through the application of budget controls.
Bachelor in Business Administration or BBA, as it is more popularly known as, is one of the highly In-demand courses in today’s world. The candidates who have successfully completed their course in BBA have a secured job prospects in finance, marketing and Human Resource sector. However, the potential of this course should not be emitted to this extent. A graduate is armed with a future specialized course to pursue such as MBA, C.A., C.S. and ICW. The scope of BBA is large and can not be assessed within a few years of advancement. It requires a massive look out. The scope is endless to make a wonderful career. All the core branches of business such as Marketing management, Finance management and Human resource management is being taught at the college to equip the student to face any challenges of the industry.
Skill Required :
- Speaking – To convey information effectively.
- Active Listening – Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Coordination – Adjusting actions in relation to others’ actions.
- Reading Comprehension – Understanding written work related documents.
- Time Management – Managing one’s own time and the time of others.
- Writing – Communicating effectively.
- Critical Thinking – Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Negotiation – Bringing others together and trying to reconcile differences.
- Judgment and Decision Making – Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Management of Personnel Resources – Motivating, developing, and directing people as they work, identifying the best people for the job.
Courses Offered :
- Advance Diploma in Business Administration (ADBA).
- Advance Diploma in International Hotel and Business Administration.
- Bachelor of Business Administration (BBA).
- Diploma in Business Administration (DBA).
- Master of Business Administration (MBA).
- Post Graduate Diploma in Business Administration (PGDBA).
Subjects / Syllabus :
- Business Economics.
- Organisational Behavior.
- Operations I.
- Marketing Principles & Practice.
- Introduction to Accounting.
- Strategic Management Principles & Practice.
- Business Ethics & Social Responsibility.
- Leadership Issues.
- Human Resource Management.
- Operations II.
- International Marketing.
- Project Management.
- Changing Shape of Work and Organisations.
- Managing Diversity.
- Career Management.
- Creativity & Innovation.
- Purchasing & Supply Chain Management.
- Distribution & Marketing Logistics.
- Human Resource Development.
- Selling and Sales Management.
Eligibility & Admission Process :
There are several diploma, under graduate and post graduate programmes in management. But MBA which is the post graduate degree in management is considered as the prerequisite for top management positions in the corporate world. Bachelor of Business Administration (BBA), Bachelor of Business Management (BBM), Bachelor of Business Studies (BBS) are some of the under graduate courses. One should have 10+2 or equivalent qualification for applying for Bachelor courses. Normally Bachelors programmes are of 3 years duration, but it varies depending on the institutes.
The basic qualification for MBA is a graduation in any discipline such as B.Com, BA., B.Sc., BE/ Btech etc. However, subjects such as commerce, economics and mathematics would prepare a candidate better for pursuing business studies.
There are full time and part time post graduate programmes in management, i.e full time/ part time MBA and PGDM (Post Graduate Diploma in Management/ Business administration) programmes. For better career prospects, fresh graduates are required to enroll for 2 year full time programmes. Technically there is no difference between 2 year full time MBA and PGDM programmes. MBA programmes are awarded only by the universities or university affiliated colleges whereas PGDM programmes are honoured by independent colleges. 2 year full time PGDM programmes are considered equivalent to MBA. 1 year / part time PGDM programmes which are meant for working executives are not equivalent to MBA. But there are exception for some top B Schools where their 1
year programmes are considered equivalent to MBA. So students must be very careful while choosing the programmes. Doctoral degrees in business administration are generally only for those who wish to pursue the academic or research sides of the field.
- Future Institute of Management Studies.
- Syed Hameedha Arts and Science College.
- Sri Saradha Niketan College for Women.
- Matha College of Arts and Sciences.
- Idhaya College for Women Sarugani.
- Government Arts College Paramakudi.
- Dr. Umayal Ramanathan College for Women.
- Caussanel College of Arts and Science.
- Arumugam Pillai Seethai Ammal College.
- Ananda College of Arts and Science.
- Alagappa University Evening College Paramakudi.
- Alagappa Government Arts College Karaikudi.
- MESMSPS Women’s College.
- Symbiosis Institute of Computer Studies and Research.
- Symbiosis Centre for Management Studies (Under Graduate) Noida.
- Tunga Mahavidyalaya.
- Sri Jagadguru Chandrashekhara Bharathi Memorial College.
- Smt. Indira Gandhi Government First Grade College for Women.
- Sir M V Govt Arts and Commerce College.
- Sagar Gangotri Arts and Commerce College (BBM).
Job Prospects & Salaries :
Business management is one of the most sought after careers, and a wide range of opportunities are available for Business Administration graduates. It is easy to get managerial or executive jobs for those who hold business degrees especially an MBA degree. And from this executive post one has an opportunity to climb the ladder and occupy the top most positions in the company. As many MNC’s are coming up and Indian companies are going for joint ventures, there are ample career options in this field.
The major job prospects in the field of management are :
A Marketing manager is one who manages the marketing techniques such as advertising, distributing and selling of a product to the clients properly. He should understand the four Ps well that are product, price, placement or distribution, and promotion or publicity.
A Financial manager has the responsibility of managing the capital (finance) of the company. He should be very clear about the budgeting of the company.
A Human Resource Manager is one of the most important persons of an organization as he manages the manpower of the company. Recruitment, training, induction, employee benefit administration, performance appraisal are some of the major responsibilities of a Human Resource Manager of the company.
An Operations Manager is one who manages of the resources, goods and service. Apart from these major areas, there are several specialized areas like Information Technology, Hospitality, Tourism and Pharma Management.
MBA graduates with B-Tech background are highly in demand than the other degree holders. Many Indian and foreign companies conduct campus placements in the business schools so that the students can straight away join any company as soon as they complete their course. One could also choose the field of teaching as the Business schools are mushrooming rapidly. Setting up one’s own business is another option for the graduate as he has sufficient knowledge about the industry through his education.
A good GMAT (Graduate Management Aptitude Test) score is needed for better placement and exposure in countries outside India. It is the standardized test required for doing MBA or PhD in Business Management or any other graduate management programmes from a business school in US, Europe and Canada. Some of the foreign institutes prefer TOEFL and IELTS scores.
The status of the management professionals has become very lucrative with the increased business expansion and globalization. This glamorous profession offers one of the best pay packages in the country, particularly in the private sector. As this profession has many fields, the remuneration varies depending on the specialized area and the company one chooses to work for.
Starting salary and perquisites vary depending on the size and prestige of the recruiting organization, the candidate’s qualification and the institute of training. A fresh MBA degree holder from a reputed management institute, can expect a salary of Rs. 8,000 to 10,000/- per month. Depending on his/her effort and experience, it may go up to 40,000 to 50,000 per month.
Management professionals from India are in good demand in international market. Excellent perks are offered to these professionals which may include free accommodation, attractive conveyance allowance, leave travel concession, medical allowance, reimbursement and much more.Apart from the high package, a job in the management field also offers outstanding developmental opportunities for dynamic managers to rise to the level of Chief-executive.