Third Post

Aspects to consider for a good management.

Time: a good management of time allows you to accomplish more in a shorter period of time, which leads to more free time, which lets you take advantage of learning opportunities, lowers your stress, and helps you focus, which leads to more career success.

Money: a good management of money is important because it later becomes the payment for things that make your business run: expenses like stock or raw materials, employees, rent and other operating expenses. 

Human Resources: plays a key role in developing, reinforcing and changing the culture of an organization. Pay, performance management, training and development, recruitment and onboarding and reinforcing the values of the business are all essential elements of business culture covered by Human Resources.

Debts: is a lower cost source of funds and allows a higher return to the equity investors by leveraging their money. A business needs to balance the use of debt and equity to keep the average cost of capital at its minimum.

Investment: make the most out of their profits and savings by putting money into solid investments that will grow year after year.

Rivals: rivals enables you to identify your specific and unique traits that are appealing to customers.

What is a competence?

Competence indicate sufficiency of knowledge and skills that enable someone to act in a wide variety of situations.

Why competence are the base of administration?

Because professionals that are in charge of employees most be able to generate soft and hard skills for their workers and their selves.