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Business
Business
administration is management of a business. It includes all aspects of overseeing and supervising business operations and related field which include Accounting, Finance
Finance
and Marketing.

Contents

1 Overview 2 Academic degrees

2.1 Bachelor of Business
Business
Administration 2.2 Master of Business
Business
Administration 2.3 Doctor of Business
Business
Administration 2.4 PhD in Management 2.5 Doctor of Management

3 See also 4 References

Overview[edit] The administration of a business includes the performance or management of business operations and decision making, as well as the efficient organization of people and other resources, to direct activities toward common goals and objectives. In general, administration refers to the broader management function, including the associated finance, personnel and MIS services. Some analyses view management as a subset of administration, specifically associated with the technical and operational aspects of an organization, and distinct from executive or strategic functions. Alternatively, administration can refer to the bureaucratic or operational performance of routine office tasks, usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet the organization's goals. Henri Fayol
Henri Fayol
described these "functions" of the administrator as "the five elements of administration". Sometimes creating output, which includes all of the processes that generate the product that the business sells, is added[by whom?] as a sixth element. A business administrator oversees a business and its operations. The job aims to ensure that the business meets its goals and is properly organized and managed. The tasks a person in this position has are both wide and varied, and often include ensuring that the right staff-members are hired and properly trained, making plans for the business' success, and monitoring daily operations. When organizational changes are necessary, a person in this position usually leads the way as well. In some cases, the person who starts or owns the business serves as its administrator, but this is not always the case, as sometimes a company hires an individual for the job. A person with the title of "business administrator" essentially functions as the manager of the company and of its other managers. Such a person oversees those in managerial positions to ensure that they follow company policies and work toward the company's goals in the most efficient manner. For example, business administrators may work with the managers of the human-resources, production, finance, accounting, and marketing departments to ensure that they function properly and are working in line with the company's goals and objectives. Additionally, they might interact with people outside the company, such as business partners and vendors. Academic degrees[edit] Bachelor of Business
Business
Administration[edit] Main article: Bachelor of Business
Business
Administration The Bachelor of Business
Business
Administration (BBA, B.B.A., B.Sc.) is a bachelor's degree in commerce and business administration. 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. 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
Business
Administration[edit] Main article: Master of Business
Business
Administration The Master of Business
Business
Administration is a master's degree in business administration with a large focus on management. The MBA degree originated in the United States in the early 20th century when the country 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. The MBA is a terminal professional degree (the DBA is the terminal research doctoral degree). Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business
Business
schools in many countries offer programs tailored to full-time, part-time, executive (abridged coursework typically occurring on nights and/or weekends), and distance learning students, many with concentrations. Doctor of Business
Business
Administration[edit] Main article: Doctor of Business
Business
Administration The Doctor of Business
Business
Administration (abbreviated DBA, D.B.A., DrBA, or Dr.B.A.) 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
Business
Administration. PhD in Management[edit] Main article: PhD in Management PhD in Management
Management
is the highest academic degree awarded in the study of management science. The degree was designed for those seeking academic research and teaching careers as faculty or professors in the study of management at business schools worldwide. Doctor of Management[edit] Main article: Doctor of Management A newer form of a management doctorate is the Doctor of Management (D.M., D.Mgt. or DMan). It is a doctoral degree conferred upon an individual who is trained through advanced study and research in the applied science and practice of professional management. This doctorate has elements of both research and practice relative to social and managerial concerns within society and organizations. See also[edit]

Outline of business administration Business
Business
economics Business
Business
studies

References[edit]

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Wikiquote has quotations related to: Business
Business
administration

Authority control

GND: 4069402-1

v t e

Management

Outline of business management Index of management articles

By type of organization

Academic Association Business

Restaurant

Healthcare Military Public

By focus (within an organization)

By scope

Strategic (top-level)

Capability Change Communication Financial Innovation Performance Risk Systems

By component

Facility Product

Product lifecycle Brand

Program Project

Construction

By activity or department managed

Line

Marketing Operations/production

Process Quality

Sales

Staff

Accounting Office Records

By aspect or relationship

Customer relationship Engineering Logistics Perception Supply chain Talent

By problem

Conflict Crisis Stress

By resource

Environmental resource Human resources Information Information technology Knowledge Land Materials Skills Stock Technology Time

Management positions

Interim Middle Senior

Methods and approaches

Adhocracy Collaborative method Distributed Earned value management Evidence-based management Management
Management
by objectives Management
Management
style Macromanagement Micromanagement Scientific management Social entrepreneurship Team building Virtual management

Management
Management
skills and activities

Decision-making Forecasting Leadership

Pioneers and scholars

Peter Drucker Eliyahu M. Goldratt Oliver E. Williamson

Education

Association of Technology, Management, and Applied Engineering Business
Business
school Certified Business
Business
Manager Chartered Management
Management
Institute Critical management studies Degrees

Bachelor of Business
Business
Administration Master of Business
Business
Administration PhD in management

Organizational studies

Other

Administration Collaboration Corporate governance Executive compensation Management
Management
consulting Management
Management
control Management
Management
cybernetics Management
Management
development Management
Management
fad Management
Management
system Managerial economics Managerial psychology Managerialism Organization
Organization
development Organizational behavior management Pointy-haired Boss Williamson's model of managerial discretion

Syst