工商管理英文单词

工商管理英文单词
Business administration is a broad field that encompasses various aspects of managing a business.
It involves activities like planning. Planning in business administration means setting goals and strategies for the company. For example, a business might plan to expand its market share in a particular region within a certain time frame.
Another important part is organizing. This includes structuring the company's resources, such as human resources and physical assets. A well - organized business can make better use of its employees' skills and its equipment.
Marketing is also a crucial element. Business administrators need to understand how to promote their products or services. They might use different marketing channels like social media, advertising, or public relations to reach their target customers.
Finance is an area that cannot be ignored. Business administrators have to manage the company's finances. This involves budgeting, accounting, and making decisions about investments and financial risks.
Human resource management is essential too. It deals with recruiting, training, and retaining employees. A good business administrator knows how to create a positive work environment to motivate the workforce.
In business administration, decision - making skills are highly valued. Administrators often have to make quick and informed decisions in different situations, whether it's about launching a new product or dealing with a crisis.
Operations management focuses on the day - to - day running of the business. This includes ensuring smooth production processes, managing inventory, and delivering quality products or services on time.
Business administration also involves understanding the legal and regulatory environment. Companies need to comply with various laws and regulations to avoid legal problems.
Finally, communication skills play a significant role. Business administrators need to communicate effectively with different stakeholders, including employees, customers, suppliers, and investors.。