The Field Of Business Administration Essay

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The field of business administration is not as straightforward as one may perceive. While there is a specific process that business owners must undergo in order to start up their own company, there is no exact right or wrong method to create and sustain a successful business. It is ultimately up to us, as potential leaders of any organization or project, to utilize our own personal values in order to help shape a realistic vision that all of us can achieve together.
Because business administration is a competitive field, there are no grounds for complacency; one has to constantly be enthusiastic about growth in order to progress. An individual needs to know what he can and can not control, in order to improve on the factors that can be controlled. A team needs to establish healthy relationships within each individual, and then develop mutual respect and understanding for one another. A corporation, with the direction of its leaders, needs to set clear, concrete, reachable goals that everybody in the organization can accomplish.
The approach on how to organize, plan, and execute any given plan is subjective, yet crucial. Starting up your own company takes patience and time; however, a number of entrepreneurs tend to take out huge loans in an attempt to build a flashy-looking business with no business plan whatsoever. In fact, 33% of businesses will fail in “these first two crucial years, the main cause being a lack of experience” (Jorden). Therefore, a business’s success

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