კონფერენცია

∘ Teimuraz Babunashvili ∘
THE ROLE AND IMPORTANCE OF ADMINISTRATION IN THE MANAGEMENOF BUSINESS ENTITIES

Summary

The paper deals with the role and importance of administration, focusing on the correlation between "administration" and "administrating" concepts. The main emphasis is directed on researching management processes, preferential use of management linear-functional systems, strict hierarchy, formalized rule of governing decisions and fixation of power, division of power.

Also, with the help of the development of diverse innovative forms, the composition and contents of the administrating are discussed, which implies unification of the forms of administration in the process of elaboration and implementation of these methods.

Keywords: Administration; Innovations; Subordination; Business subjects.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Teimuraz Babunashvili ∘ THE ROLE AND IMPORTANCE OF ADMINISTRATION IN THE MANAGEMENOF BUSINESS ENTITIES Summary The paper deals with the role and importance of administration, focusing on the correlation between "administration" and "administrating" concepts. The main emphasis is directed on researching management processes, preferential use of management linear-functional systems, strict hierarchy, formalized rule of governing decisions and fixation of power, division of power. Also, with the help of the development of diverse innovative forms, the composition and contents of the administrating are discussed, which implies unification of the forms of administration in the process of elaboration and implementation of these methods. *Keywords:* Administration; Innovations; Subordination; Business subjects.