Master of Business Administration – Management in the Third Sector

Master of Business Administration – Zarządzanie w trzecim sektorze

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Master of Business Administration – Management in the Third Sector at WSB-NLU »
Definitions and quotes »

⇑Master of Business Administration – Management in the Third Sector at WSB-NLU

Language: Polish Studies in Polish

University website: www.wsb-nlu.edu.pl/en

⇑Definitions and quotes

Business

Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.

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Business Administration

Business administration is management of a business. It includes all aspects of overseeing and supervising business operations and related field which include Accounting, Finance and Marketing.

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Management

Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.

Wikipedia

Business

All businesses operate below their true potential. That is unavoidable, given the fallibility of human beings.

Robert Heller, British management journalist and author. 'The Competitors', Chapter 10, The Decision makers (1989).

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Management

Management is defined here as the accomplishment of desired objectives by establishing an environment favorable to performance by people operating in organized groups. Each of the managerial functions (planning, organizing, staffing, , directing, and controlling) is analyzed and described in a systematic way. As this is done, both the distilled experience of practicing managers and the findings of scholars are presented. This is approached in such a way that the reader may grasp the relationships between each of the functions, obtain a clear view of the major principles underlying them.

Harold Koontz and Cyril O'Donnell. Principles of Management; An Analysis of Managerial Functions. 1968, p. 1

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Business Administration

The administrative function comes easily to conservatives for the principal requirement of administration is unquestioning conformity to the standards embodied by the particular institution.

Paul Pigors (1935), Leadership or Domination, Houghton Mifflin Company. p. 264-8; As cited in Albert Lepawsky (1949), Administration, p. 10

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