The technological advance of the last decade has transformed the market, which started to behave in a much more dynamic way. (more…)
The current competitive market demands that companies not just position themselves well in their segment, but also that they have good administrative management which inspires confidence. This means that it’s not enough to do satisfactory work; this work needs to be methodical and result in excellence.
The reality is that there isn’t a ready formula that all organizations can use, because adjustments must be made for the different realities and needs of each one. Once equilibrium is attained and everyone is dedicated towards fulfilling the same objective, it’s possible to obtain great results.
Want to learn more about this subject? Understand the importance of administrative management to business and see how it can generate great results. Enjoy your reading!
Get to know the benefits of good administrative management
Good administrative management brings a company various benefits. Below, we’ll address some of the most important of these that have the greatest impact on everyday business operations. Check them out!
Without controlling spending, reducing waste and having confidence in your data, it’s impossible to keep your finances in good shape. If you organize all of your company’s areas, including the finance department, it’s much easier to manage cash flow.
Establishing the frequency and methods of maintaining this control is very worthwhile. You also need to centralize information to avoid duplication and errors when sending it to other locations.
This is why you need to substitute various spreadsheets for a single reliable system which is updated by a small number of people.
It’s possible to identify which teams perform certain tasks better and let them focus on their strong points. Identifying process errors and correcting them will result in a more efficient methodology which will waste less time and often fewer resources as well.
By identifying and correcting errors, it’s possible to produce more in less time and use fewer resources in the process – which will guarantee better results.
Achieving goals and results is often due to good administrative management. This is because the focus becomes creating and implementing more efficient processes which guarantee that goals will be achieved.
Managers can shift their efforts to intellectual non-physical activities and can improve their powers of perception as control becomes easier to maintain.
More efficient processes are reflected in quality and timeframes, and they result in clients having their needs met and surpassed. Your relationship with your clients can become closer which will help you better understand their needs and enable you to offer products and services that meet them.
Employees will also be more satisfied when they realize that there’s less wear and tear and wasting of effort on irrelevant tasks. Their voices will begin to be heard more and more as part of the transformation process, leading them to be more and more highly esteemed.
Decisions are made based on results. That is to say, if you are monitoring everything that is happening, it will be recorded in your data. Based on this data you can make more accurate decisions, analyze past and current scenarios, and plan for the future.
Administrative management helps you work on your processes and results to improve your overall results.
Here are some tips for effective administrative management
Good administrative management requires dedication, lots of study and effective processes. Take a look at the tips we’ve separated for you below to ensure efficient administrative management for your company.
Plan well
It’s impossible to have efficient management without good planning. This is what determines all the guidelines that your organization needs to follow to obtain the desired success. That’s why it’s essential that strategic objectives be very well defined and very clear to all employees.
Dedicate yourself to defining simple and feasible targets that are aligned with the organization’s strategic objectives. Create indicators to follow your progress in meeting these goals, but be careful not to create unnecessary measurements.
Pay attention to all of the company’s processes
Follow all of the indicators closely. Make sure that each process has a person responsible for maintaining it and improving its results. This person should make periodic reports and justify large deviations. This person should also be capable of proposing an action plan whenever an indicator doesn’t present good results.
This way, any problem that a process presents will be addressed early, before it takes on large proportions and becomes uncontrollable. This can make the difference between a company’s success or failure.
Make periodic evaluations of company performance
Meet with other company managers at least once a month to discuss the overall results of each area. Just as with processes, managers need to have targets that will ensure good strategic planning.
In more critical sectors, it’s ideal to have biweekly or weekly meetings. The frequency depends on the characteristics of each sector and the extent to which this sector affects the organization’s overall results.
The most important point is that monitoring progress should never be underestimated. As busy as your schedule may be, this constant evaluation is what will ensure that your company does well and continues its profitability.
Always communicate with your team
Communication problems are the greatest villains within organizations. Nothing is more destructive for your company than office rumors.
Many rumors can be avoided by maintaining clear, transparent and direct communication with your managers, and their doing the same with their teams. Office gossip can affect the overall mood within your organization and as a result, the overall productivity of your employees.
In addition, a lack of communication can lead to managers making wrong or precipitous decisions, that are not in line with your organization’s intended objectives. Make sure that your entire staff is aware of and aligned with all of your company’s strategic planning directives.
One last important point is to pay attention to factors that can harm your organization’s administrative management. To make sure that one of these more harmful factors doesn’t affect your company, see our article entitled “Business cost management: five common mistakes to avoid.” Let’s take a look!
