This career allows the management of any organization. Thanks to the evolution of the times and economic realities, there are current approaches to Business Administration that respond to the needs of modern markets.
Today, organizations are characterized by their ability to adapt to economic, social, cultural and even political changes. Considering this reality and the global environment, businesses, in order to survive, require the application of strategies that respond to current approaches to business administration .
Approaches to business administration
Administration is a social science that studies everything related to the organization, and is based on three essential stages that begin with foresight to determine what is desired to be achieved. Then, planning chooses the necessary course to achieve what is planned, and the organization shows the responsibilities and obligations of each member.
In this sense, the administration must use techniques that allow the development of a process to ensure that the activities or plans are carried out and meet the business objective, being able to analyze, study or examine these activities to have a clearer vision .
In this way, the approaches to business administration or administrative approaches correspond to a social science that applies the planning, organization, direction and control of business management, with the objective of creating and maintaining an optimal performance environment .
Throughout history, various administrative approaches have emerged that cpa email lists have focused on providing the tools to easily apply the knowledge acquired for administrative management. However, other principles have been developed or adapted that have become the current approaches.
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What are the current approaches to business administration?
New approaches to business administration are geared towards the organization as an open system in which human resources, materials, machines and technology interact. The new orientations privilege teamwork in the organization, which generates a synergy for organizational development .
As an evolution of systems approaches (a cohesive and managed system of interrelated parts), contingency (achieving goals based on situations or circumstances), and dynamic engagement (using constant change and creativity to respond to globalization), there are many current approaches, among which the following stand out:
Benchmarking
Sociologist and economics expert Robert C. Camp was the first to talk about benchmarking as a business method that consists of “ searching for best practices that lead to superior performance by evaluating and comparing the competition ,” as he put it in his book Benchmarking: The Search for Industry Best Practices That Lead to Superior Performance (1989).
For his part, the expert in administration and benchmarking, Michael J. Spendolini , defines this approach in his book The Benchmarking Book (1992) as “ a systematic and continuous process to evaluate the products, services and work processes of organizations that are recognized as representatives of the best practices, with the purpose of making organizational improvements .”
Benchmarking is therefore a process used to evaluate and compare one's own products, services and work processes with those of companies that stand out for being market leaders. It provides useful information to focus on perfecting and enhancing successful strategies and achieving the highest level of competitiveness .
Empowerment
As explained by Human Resources consultant Terry Wilson in his book Empowerment Handbook: How to Get the Best from Your Employees (2004), “ empowerment is a change in style that leads to increased delegation, communication and employee responsibility, which gives people a broader field of action in their work when making decisions .”
In this way, empowerment in business administration is considered a work management strategy in which autonomy is offered to employees to generate greater commitment, motivation and involvement in the organization. Collaborators can make decisions, be an active part of processes and procedures, as well as be more autonomous.
And a company that implements empowerment seeks to make employees feel that they have a real influence on the standards of quality, service and efficiency of the organization from their work areas , as stated by researchers Harold Koontz and Heinz Weihrich in their book Administration: A Global Perspective (1998).
Economic globalization
Economic globalization is related to the integration of world economies, through trade and financial flows as an extension of economic integration processes, implying a reduction in the regulatory and control functions of nations over their own resources and markets .
In his book Studying Globalization: Methodological Issues (2007), sociologist and economics expert Salvatore Babones explains that “ economic globalization refers to the widespread international movement of goods, capital, services, technology, and information; and the increasing integration and interdependence of national, regional, and local economies around the world .”