Business administration
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Business administration |
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Management of a business |
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Business administration, is the administration of a commercial enterprise.[1] It includes all aspects of overseeing and supervising the business operations of an organization.
Overview
The administration of a business includes the performance or management of
Administration can refer to the bureaucratic or operational performance of routine office tasks,[2] usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet an organization's goals. Henri Fayol (1841–1925) described these "functions" of the administrator as "the five elements of administration".[3] According to Fayol, the five functions of management are planning, organizing, commanding, coordinating, and controlling. Without proper business management, a firm cannot utilize its resources properly so, it is the most important term in running a business firm.[4]
Key skills for Business Management
Concepts in business management
Academic degrees
Bachelor of Business Administration
The Bachelor of Business Administration (BBA, B.B.A., BSBA, B.S.B.A., BS, B.S., or B.Sc.), Bachelor of Science in Business, Business Administration, Business Management (BS), or Bachelor of Commerce (Bcom. or BComm) is a bachelor's degree in commerce and business administration. The duration of the degree is four years in the United States and three years in Europe. The degree is designed to give a broad knowledge of the functional aspects of a company and their interconnection, while also allowing for specialization in a particular area. The degree also develops the student's practical, managerial and communication skills, and business decision-making capability to succeed in the competitive world. Many programs incorporate training and practical experience, in the form of case projects, presentations, internships, industrial visits, and interaction with experts from industry.
Master of Business Administration
The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration with a significant focus on management. The MBA degree originated in the United States in the early-20th century, when the nation industrialized and companies sought scientific approaches to management. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses.
Master of Management
The
In terms of content, it is similar to the Master of Business Administration (MBA) degree as it contains identical management courses but is open to prospective postgraduate candidates at any level in their career unlike MBA programs that have longer course credit requirements and only accept mid-career professionals.[8]
Doctor of Business Administration
The Doctor of Business Administration (DBA or DrBA) is a research doctorate awarded on the basis of advanced study and research in the field of business administration. The D.B.A. is a terminal degree in business administration and is equivalent to the Ph.D. in Business Administration. [9]
PhD in Management
The
Doctor of Management
A newer form of a management doctorate is the
See also
- Bachelor of Business Information Systems
- Outline of business administration
- Business economics
- Business informatics
- Business studies
References
- ^
Compare:
Thuis, Peter; Stuive, Rienk (2012). Business Administration. Routledge-Noordhoff International Editions (reprint ed.). Groningen: Routledge (published 2019). ISBN 9781000035889. Retrieved 7 November 2020.
[...] business administration is the branch of science that deals with the organisation of and the context around businesses.
- ISBN 978-1-4200-1522-5.
- .
- ^
Candoli, I. Carl; Hack, Walter G.; Ray, John R. (1991). "School Business Administration as a Subset of Generic Management". School business administration: a planning approach (4 ed.). Allyn and Bacon. p. 58. ISBN 9780205131396. Retrieved 16 October 2019.
- ^ {"assessing the feasibility of the strategic long range cannon: Unclassified summary" at nap.edu. 2 Today's Operating Environment | Assessing the Feasibility of the Strategic Long Range Cannon: Unclassified Summary |The National Academies Press. (n.d.). Retrieved February 12, 2023, from https://nap.nationalacademies.org/read/26129/chapter/4 |url=https://nap.nationalacademies.org/read/26129/chapter/4#14}}
- ^ Tejas Ramdas, Raffaella Sadun, and Nicholas Bloom (2022). "Visualizing a Century of Management Ideas". Harvard Business Review, September 19 2022.
- S2CID 158794290.
- S2CID 158794290.
- ^ "Structure of U.S. Education". U.S. Department of Education. 2008. Retrieved 15 November 2017.