Good Argumentative Essay About Coursedate
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Issues that are Specific to Business Administration
Management of Human Resource
This term management of human resource is a significant element of personnel management in any company. As such, human resource management is that part of the administration concerned with individuals at work as well as their interactions within an enterprise (Akwetey 11). Additionally, its objective is to unite workers who contribute to the success of the firm and make it develop into an efficient organization. Equally, management of personnel is instrumental, utilitarian and practical, and is regularly concerned with the administration and policies implementation of the firm. Furthermore, in business administration managing people involves strategic dimensions and deploys human resources in the entire company. In addition, human resource management determines the size of the labor force of a firm depending on the general corporate plan (Akwetey 13).
Companies depend on the human resource to advise them on how much money should be spent to train the workforce. Equally, human resource establishes the need for forming relations with trade unions because of resourceful management control. Additionally, a well-managed personnel enables a firm to systematic analyse and measure the financial benefits and costs relating to salaries of workers. Furthermore, management of human resources enables corporations to be diagnostic and reactive while responding to changes regarding actions of trade unions, and employment law. Similarly, they react to conditions of the labor market, codes of government practice and environmental and climate influences (Akwetey 15).
Strategic Decision Making
One of the strengths of an administrative leader is to make decisions while motivating individuals to implement them. Equally, an administrator must be able to communicate and work with low and high-performing personnel while bringing out the best in all workers (Akwetey 99). Additionally, managers should be creative and authoritative when exercising their decision-making styles because decisions need the right individuals to make them, and following the correct steps. Similarly, companies that have administrators who make the right decisions always discover and solve problems as they seek opportunities to develop the company. Therefore, administrators need accurate information in order to develop and evaluate a number of alternatives for weaknesses and strengths of a company (Akwetey 106). In addition, effective decision-making and course of action are arrived at after coming up with ideas, debating different options, and encouraging altercation of opinions. However, while managers are responsible for making business resolves, problem-solving is a common responsibility among individuals at various levels in a company. Consequently, there are various kinds of decision-making responsibilities; operational decisions, tactical decisions, and strategic decisions (Akwetey 111).
In the current environment of the world of business, a firm requires to focus constantly on enhancing its competitive strategy. In business administration, competitive strategy means the method a firm uses to gain advantage over other firms operating in the same market (Akwetey 144). Additionally, rivalry drives innovation and improvement; hence, strategy would be extraneous without competition. Equally, a competitive strategy uses analysis of the business organization of an industry and its entrants to identify and optimal position. Similarly, a competitive strategy integrates the resources and strengths of the firm to improve a competitive advantage. Consequently, a sustainable competitive strategy encompasses continuous development with strategic continuity (Akwetey 148). In addition, companies should strategically analyse the relationship between buyers and suppliers in order to understand the on-going operations that are vital to the market. Equally, a competitive strategy enables firms to study the concentration of suppliers and consumers, switching costs that are high, unique products and substitutes (Akwetey 150).
Akwetey, Lawrence M. Business Administration for Students and Managers. Bloomington, Ind.: Trafford Publishing, 2011. Print.
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