Annotation
In business, administration consists of the performance or management of business operations and thus the making or implementing of major decisions. Administration can be defined as the universal process of organizing people and resources efficiently so as to direct activities toward common goals and objectives. When organizational changes are necessary, a person in this position usually leads the way as well. In some cases, the person who starts or owns the business serves as its administrator, but this isn't always the case, as sometimes a company hires an individual for the job. When a person has the title of business administrator, he is essentially the manager of the company and its other managers. He oversees those in managerial positions to ensure that they follow company policies and work toward the company's goals in the most efficient manner. Business administration is a term used to describe a set of activities necessary to maintain the level of operations within business organizations. Administration, as a legal concept, is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent companies and allows them to carry on running their business. This book is primarily meant to serve as a management training and development guide for young professionally qualified graduates/post graduates (engineers, MBAS, CAS, and such others) who aspire to make a successful career in the fields of Corporate Business Administration.
