Annotation
Aministration,as alegal 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 alows them to carry on running their business. Business administration is a term used to describe a set of activides 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 jurisdictors. Administrator can serve as the title of the general manager or company secretary who reports to a corporate board of drectors. This title is archaic, but, in many enterprises, this function, together with its associated Finance, Personnel and management information systems services , is what is intended when the term /the administration" is used. in same organizatonal analyses, management is viewed as a subset of administration, specifically associated with tthe technical and munder elements within an organization\s operation. It stands distinct from executive or strategic work in other organizational analyses, administration can refer to the bureaucratic or operational performance of mundane office tasks, usualy intemally oriented and reactive rather than proactive. A company or a conglomeration of companies may consist of various individual business units and operate in various parts of a country or the world, Corporate strategy, which is one of the level of business strategy, dovetalis the strategies of these individual units ( which form another level of strategy, called business unit stratogy) in such a way that the total combined contribuion of these units is greater than the sum of their individual contributions. This is the book you need it you want a clear, concise guide for the principles of business management concepts.
