Mary Lourdes Bonnici MBA

  Part 1: Foundations of Business Administration Introduction Business Administration is one of the most important fields of study in today's dynamic and competitive world. It provides individuals with the knowledge, skills, and understanding required to effectively manage organisations, lead teams, make informed decisions, and achieve strategic objectives. Whether in private companies, public institutions, healthcare organisations, or non-profit sectors, the principles of business administration form the foundation of organisational success. This first part of our Business Administration series explores the fundamental concepts that every business student, manager, entrepreneur, and professional should understand. The chapters included in this section provide a comprehensive overview of how organisations operate, how managers perform their responsibilities, how structures are designed, and how key business functions contribute to achieving organisational goals. Chapter 1 introduce...

  Chapter 2: Management Functions and Principles The Foundation of Effective Leadership and Organisational Success Introduction Management is one of the most essential disciplines within business administration and plays a critical role in the success of organisations across all sectors. Whether operating in business, healthcare, education, government, or non-profit organisations, effective management ensures that resources are utilised efficiently, employees remain motivated, and organisational goals are achieved. Understanding management functions and principles provides the foundation upon which leaders and managers can guide organisations towards sustainable growth and success. Management can be defined as the process of planning, organising, leading, and controlling resources in order to achieve organisational objectives efficiently and effectively (Robbins and Coulter, 2022). These four functions form the cornerstone of management theory and practice and continue to influence...