An Efficient Business Administration
0022-1546
Abstract
IN TIMES of financial depression when. with decreasing income, every effort must be made to keep our institutions going, the business department is an increasingly important division of college and university administration and, if well organized and efficiently administered, it should be indispensable to the president and the governing board in the solution of the problems of retrenchment. As now organized, our colleges and universities include a business officer variously known as treasurer, business manager, controller, secretary, or vicepresident. Under these titles the busi. ness functions of the institution have been more or less centralized into a business department; the grouping of these functions depends upon tradition, the size of the institution and its general plan of organization, and sometimes upon the personal qualifications of the various administrative officers. In discussing the qualities of an efficient business administration, it may be well to consider at the outset what is understood as business administration. It is generally recognized that this includes the following functions: