Introduction to Business Administration

In the “Introduction to Risk Management in Trading” course, I gained valuable insights into essential business concepts. Administration involves organizing and managing operations for success, while the administrator plays a crucial role in effective management. Ethics and social responsibility are vital for conducting business responsibly. Globalization highlights the importance of operating beyond national borders. Strategic management focuses on achieving goals efficiently, aligning resources with overall strategy. Accounting, the “language of business,” encompasses financial and management accounting, catering to external stakeholders and internal decision-making, respectively. Additionally, Human Resource Management (HRM) is critical for workforce management, including hiring and training. This comprehensive understanding equips me with the knowledge necessary for navigating the complexities of the business world.