Business Administration


Career Objectives

Respond to the real needs of the current business sector, studying and predicting where to advance and with which tools to compete in the market.


Professional Profile

He is a coordinator and director of the aimed efforts to achieve the company objective.

In his performance, he will have to assume calculated risks, facing unexpected events that emerge and having suitable solutions at hand to overcome obstacles that may be presented.

Besides, he has to achieve an optimal utilization of his resources to improve the company’s quality, competitiveness and efficiency.

He leads the company based on the information availability both internal and external to the company, which is analyzed and based on it, establishing a course of action and anticipating future situations, in order to develop and promote it in the market.

The external information to the company required is of the economical, social, legal, political and technological type, to make a diagnosis and interpreting of the company situation in the environment where it develops.

And also, more specific factors of his interest as information about his providers, customers, lobby groups and competition.

Company’s internal information is obtained through documents which inform of general and actual data of the production, administration and financing areas of the company, in order to make decisions based on actual and up-to-date facts of the company.


Specific tasks or activities carried out in the profession.

- He evaluates what happens within and out of the company.

- He projects economical future of the company and its linking with the environment.

- He designs the organizational strategy in order to adapt the company to environment changes.

- He builds *viable projects. He *formulates *investment projects, from their initial conception, design and structure up to the management of their real operation.

- He plans the *management, strategies and *policies inside the companies.

- He leads, motivates, persuades, negotiates, conducts, and works in team for the achievement of the company objectives. He must know the people he is in charge of, getting the best of them and being able to conduct them to such objectives.

-He interprets the economic and administrative results of the company and questions them.

-He takes business initiatives and risks with knowledge of the instruments of the activity.

-He studies the company organizational structure and its decision-making, *planning, information and control processes.

-He makes use of methods and scientific and technological instruments to optimize the *human potential, the material, technological, economic and financial resources of the organizations.

- He incorporates more technology in order to increase efficiency and productivity.

- He knows well the type of product he offers, the target *market, sales level and his real prospects of supplying his *potential customers; while controlling the *production, *administration and *financing areas.

All this work can be performed as an enterprise manager, or starting his own business.


Occupational Field

Public companies

Private companies

Researcher, executive or advisor of all kind of enterprises or organizations that are linked to economic phenomena

Research and teaching in higher education Institutions such as Universities, Institutes, etc

Starting your own business


 Estimated time of College years:

4 to 5 years according to the plan of studies of the institution that gives it.


Main courses considered in the syllabus.

General Education Courses

Social Psychology, Employment and Labor Law, Social Theory, Economic History, different levels of English.

Basic Training Courses

Mathematics (Algebra, Calculus 1, 2 & 3, Statistics 1 & 2), Computing

Professional Training Courses

Administration 1 & 2, *Accounting, *Financial Accounting, *Cost Accounting, *Finance, Financial Management, *Marketing, *Capital Market, Supply Chain, Commercial, Personal and Communications Management, *Macroeconomics, International Economics, Operations Management, Business Policy, Price Theory, Commercialization, *Market Research, Market Equilibrium, Theory of Organization, Investment Valuation, *Operations Research


Vocations, Skills and Interests required in the candidate to this career


Interests

● Interest in the observation of social-commercial situations

● Curiosity for predicting if a business project will be successful or not

● Interest in proposing marketing initiatives

● Taste for sales

● Curiosity in observing business opportunities where others haven’t foreseen them yet

● Fun for bargaining while purchasing

● Interest in meeting people and take greatest advantage of their social relations

● Taste for motivating people with his ideas

● Initiative to organize and coordinate to carry out projects, works, etc. to others to proceed with events, works, etc.

● Taste for *management

● Attraction to business strategy

● Attraction to the world of exchange


Skills

Vision and commercial creativity

Ability to negotiate

Ease in relating and communicating with people

Persuasive

Good level of Numerical reasoning

Capacity to face new situations and make contributions conveniently

Distributed Attention, that is to say, the capacity of attending and solving varied problems

Capacity of teamwork leadership, organization and coordination

Sense of Order

Analytic of situations in which a great number of factors intervene


Vocation

Strong inclination for Producing goods and services and achievements in the social, daily and economic aspect.

He desires to contribute his skills in developing, creating and establishing things.

Satisfaction to achieve the motivation and cohesion of people in the search of a joint achievement

Yearning to undertake new ways of organizing the *resources to create wealth which satisfy economic needs bringing welfare to the population with strategy

Or any specific dream or longing which feels involved or oriented towards this direction.


Candidate Personality

Entrepreneurial spirit

Dynamic and competitive

Practical and concrete

Versatility in team work

Sociable

Persuasive, operator, leader

Capacity of undertaking new situations and assuming risks

Capacity to make decisions

Independent

With Sense of Opportunity

With nature to direct and ability to control

Executive capacity, in order words, capacity to carry out tasks, proceedings and agreements.


Work Scope

Urban

Office environment, with high level of management

Competitive and pressure environment

A lot of social contact

Requires of availability to travel


Related Careers

Public Management

Hotel Administration

Agribusiness Management

Hospitality and Tourism Administration

In general, an Administrative career in any developmental field (Depending on your choice of interest in the specific area)

Economics

Finance


*Glossary of Terms

*Shares: Documents which represent the company value. The number of shares belonging to a partner indicates his economic involvement and his corresponding membership in that society, owner of that company.

*Administration: Administer: Direct, govern, conduct, determine the direction, the policies to pursue, lead an enterprise.

Manage the human, economic and technical resources to achieve the peak performance.

*Goods: A person’s belongings, his property.

*Bond: Document in which stipulates the value to be paid by the issuer of such document, at the due date. It bears interests which are paid in the way defined in this contract.

*Supply Chain: Raw materials supply

*Potential Customers: Possible costumers

*Accounting: Adopted order to keep accounts in an appropriate way.

*Cost Accounting: Registration of organizations expenses, identifying the type of existing cost within an enterprise whether from production, damaged equipment, etc, applying different systems for their calculation and making it useful in the decision-making.

*Financial Accounting: Course which is about the *economical and *financial evaluation (presentation of results, developed activities, sales figures, etc.) of the enterprises, using the information provided by the accounting system.

*Financier: Finance:

Finances deal with the collection and determination of the cash flow (inflows or outflows of money) required by the company, in addition to the distribution and management of those funds in order to maximize the economical value of the company.

*Funds: Available money

*Formulate: Shape a project, describing it in clear and accurate terms.

*Management: Manage: Do research and procedures to carry a project forward.

*Investment: Employ capital in productive business.

*Market Research: Process of collecting, recording and analyzing the information related to the commercialization of goods and services.

*Operations Research: Course which concentrates practical applications of decision making in organizations.

*Market: Public domain intended to trade (buying and selling) products and services.

*Macroeconomics: It has to do with a country’s production and wealth-consuming and the problems related to employment level.

*Capital Market: set of *financial institutions which channel the supply and demand of financial loans. The enterprises are commercial banks, stock exchanges, etc.

*Marketing: Branch of Business Administration which studies all the functions an enterprise must perform to investigate the consumer needs and interpret that information in the creation, production and introduction of new products to the market, for which it is necessary to develop market research activities, product planning, sales promotion, their sales and distribution.

*Planning: Establish what is to be done.

*Policies: Criteria, methods or points of view from which a situation is faced.

*Human Potential: Total quantity and quality of human effort available for the production of goods and services. Physical and intellectual capacity of human beings.

*Production: Creation and processing of goods and merchandise.

*Resource: to what can be resorted to support to our purposes.

*Transaction: movement of money, *shares, *bonds and *assets.

*Viable: That there are possibilities to carry something out.

GO BACK