Administrative address

economic-dictionary

Administrative management is the set of functions existing in an organization, which seek favorable decision-making and strategies for it.

In the business sphere and in the management of organizations, administrative management comprises a vital phase for the company. The administrative functions focused on decision-making are included in it.

In this sense, this type of management implies the need to concentrate, in a certain structure, the ability to lead and manage the future of a company.

For this reason, this phase of business management relies heavily on gathering information about the functioning of an organization.

At the same time, it requires data on its economic environment and the adaptability of the company to it.

The assessment and interpretation of said economic and circumstantial material must allow the manager to adopt beneficial or successful business strategies and measures.

In turn, the administrative direction assumes the task of guiding and coordinating the rest of the departments belonging to the organization chart of the society in question.

Main features of administrative management

The administrative processes of the management work meet a series of fundamental characteristics:

  • Responsibility: The management must assume the possible business consequences derived from the decision-making inherent to its position.
  • Managerial training: Within the administrative functions derived from management, a certain professional qualification for team management and a usually managerial profile are assumed.
  • Leadership: Administrative management requires management values ​​and centralized decision-making in entrepreneurial figures or professional leaders.
  • Strategic vision: The management faces the future of a corporation, seeking its economic survival in its respective environment, as well as the achievement of economic benefits.

Main functions of the administrative direction

In the day-to-day life of an administrative manager, there are some outstanding functions:

  • Evaluation of alternatives: For correct decision-making, the management assesses alternatives or different business possibilities.
  • Identification of opportunities or unforeseen: Both for better and for worse, managing directors have the responsibility of anticipating unforeseen events, as well as taking advantage of opportunities or possible market niches.
  • Creation of structures and teams: Through recruitment tasks, the management creates company structures adapted to the needs of the organization.
  • Communication skills: In many cases, the direction is the organizational part in charge of assuming communication tasks and transfer of data or points of view of a company. This is the case when they are considered the most responsible.

Administrative management applied to reality

In the field of economics it is possible to locate different examples of administrative management.

These will depend on the environment observed, since they are identifiable in both public and private sectors.

An example of this would be the figure of a common administrative manager, whose functions are identified with those of this administrative stage. This is extensible to other concepts such as boards of directors, boards of directors or even the work of a CEO.

Alternatively, the administrative direction is applicable to a public context in the figure of high positions of a state. Ministries, general directorates or even government leaderships are likely to be valued from this prism.

Tags:  accounting famous-phrases markets 

Interesting Articles

add