Controlling tasks include analysis of: 1 Business expenses. 2 Information management. 3 Performance measurement Budgeting Critical to any business manager’s success are: 4 Projecting. 5 Tracking. 6 Reviewing the budget Important areas of knowledge for a business administrator include: 7 Statistics. 8 Marketing. 9 Human resources. 10 Economics.
Business administration is the process of managing workers and allocating resources efficiently and effectively by applying microeconomic principles. The goal is to achieve stability, growth and profitability for a business.
Syllabus content Business management guide 29 Unit 2: Human resource management In this unit, students explore how businesses recruit, organize, develop and lead their arguably most important resource—their people. In unit 2, students also learn what motivates individuals to perform well at work.
No particular background in terms of specific subjects for national or international qualifications is expected or required, and no prior knowledge of business management is necessary for students to undertake a course of study based on this specification.
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