What is the simple definition of administration?

Definition of administration 1 : performance of executive duties : management worked in the administration of a hospital. 2 : the act or process of administering something the administration of justice the administration of medication. 3 : the execution of public affairs as distinguished from policy-making.

What is the purpose of an administration?

The main job responsibility of an administrator is to ensure the efficient performance of all departments in an organization. They act as a connecting link between the senior management and the employees. They provide motivation to the work force and make them realize the goals of the organization.

What does administration mean in government?

the management of any office, business, or organization; direction. the function of a political state in exercising its governmental duties. the duty or duties of an administrator in exercising the executive functions of the position. a body of administrators, especially in government.

What does it mean when a company goes into administration?

Going into administration is when a company becomes insolvent and is put under the management of Licensed Insolvency Practitioners. The directors and the secured lenders can appoint administrators through a court process in order to protect the company and their position as much as possible.

Can a company recover from administration?

Company administration is often seen as the end for a business, but it is in fact, a procedure that allows for its restructure or sale as a going concern. There may be talks with staff around future plans for the business, and possible redundancies, but the principal aim of the process is business recovery.

What’s the difference between administration and liquidation?

Administration: to rescue a company by restructuring or otherwise returning it to profitability. Liquidation: to wind up the company by realising its assets so that creditors/shareholders can be repaid.

What happens when a company goes into administration?

When a company enters administration the control of the company is passed to the appointed administrator (who must be a licensed insolvency practitioner). The administrator’s primary goal is to leverage the company’s assets to repay creditors as quickly and as fully as possible without preference.

How is management different from administration?

Management is a systematic way of managing people and things within the organization. The administration is defined as an act of administering the whole organization by a group of people. Management is an activity of business and functional level, whereas Administration is a high-level activity. 3.

What are the four types of administration?

Top 4 Major Types of Educational Management

• Centralized and Decentralized Educational Management:
• External and Internal Educational Management:
• Authoritarian/Autocratic and Democratic Educational Management:
• Creative Educational Management:

What are the five elements of administration?

Basic Functions of Administration: Planning, Organizing, Directing and Controlling

• Planning.
• Organization.
• Direction.
• Control.

Is administration the same as insolvency?

Administration and Liquidation are both insolvency processes for limited companies who meet the insolvent criteria. Both are governed by the 1986 Insolvency Act. This being said, the processes are very different and each only applicable in certain circumstances.