| Business administration |
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| Management of a business |
Business administration is the administration of a commercial enterprise. [1] It includes all aspects of overseeing and supervising the business operations of an organization.
| Business administration |
|---|
| Management of a business |
Business administration is the administration of a commercial enterprise. [1] It includes all aspects of overseeing and supervising the business operations of an organization.
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 towards common goals. In general, "administration" refers to the broader management function, including the associated finance, personnel and MIS services. [2]
Administration can refer to the bureaucratic or operational performance of routine office tasks, [3] 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". [4] 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. [5]
Strategic thinking, leadership, problem-solving, communication, and the ability to work effectively with a diverse range of people and organizations are among the key skills and competencies required of effective managers. Managers must also be able to balance the needs and interests of various stakeholders, such as employees, customers, shareholders, and the larger community. [6] Management is a critical aspect of any successful organization, and it requires a wide range of skills, knowledge, and expertise. Whether managing a small team or a large corporation, effective management is essential to achieving success and driving growth. Another critical aspect is effectively managing and motivating employees. Managers must be able to foster a positive and productive work environment, as well as recognize and reward employees who contribute to the overall success of the organization. This can include providing opportunities for professional development and growth, as well as establishing clear communication channels and ensuring that everyone understands their role and responsibilities. [7]
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 [8] in the United States and three years [9] 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. [10] Many programs incorporate training and practical experience, in the form of case projects, presentations, internships, industrial visits, and interaction with experts from industry.
The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration with a significant focus on management. [11] The MBA degree originated in the United States in the early-20th century, [12] 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. [13] Most programs also include elective courses.
The Master of Management (MiM) or Master of Science in Management (MSM) is a postgraduate degree with a focus in business management. [14]
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. [15]
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. [16]
The PhD in Management is the highest academic degree awarded in the study of business management. [17] The degree is intended for those seeking academic research- and teaching-careers as faculty or professors in the study of management at business schools worldwide. [18]
A newer form of a management doctorate is the Doctor of Management (D.M., D.Mgt., DBA, or DMan). It is a doctoral degree conferred upon an individual who is trained through advanced study and research in the applied science and professional practice of management. [19] This doctorate has elements of both research and practice relative to social and managerial concerns within society and organizations.
A Bachelor of Commerce is an undergraduate degree in business, management, economics or accounting, awarded in Canada, Australia, India, Bangladesh, Sri Lanka, Pakistan, Ireland, New Zealand, Ghana, South Africa, Myanmar, Egypt, and additional Commonwealth countries.
The Walter A. Haas School of Business is the business school of the University of California, Berkeley, a public research university in Berkeley, California. It was the first business school at a public university in the United States.
The Bachelor of Business Administration (BBA), Bachelor of Science in Business Administration, or Bachelor of Arts in Business Administration is a bachelor's degree in business administration awarded by colleges and universities after completion of four years and typically 120 credits of undergraduate study in the fundamentals of business administration, usually including advanced courses in business analytics, business communication, corporate finance, financial accounting, macroeconomics, management, management accounting, marketing, microeconomics, strategic management, supply chain management, and other key academic subjects associated with the academic discipline of business management. As of 2024, according to U.S. News & World Report, the top-ranked BBA program in the world was at Harvard University in Cambridge, Massachusetts
Emory University's Goizueta Business School is a private business school of Emory University located in Atlanta, Georgia, United States. It is named after Roberto C. Goizueta, former Chairman and CEO of The Coca-Cola Company.
Business education is a branch of education that involves teaching the skills and operations of the business industry. This field of education occurs at multiple levels, including secondary and higher education
The Robert Emmett McDonough School of Business, commonly shorted to the McDonough School of Business and abbreviated as the MSB, is the business school of Georgetown University in Washington, D.C. Founded in 1957, it grants both undergraduate and graduate degrees, and is one of the university's nine constituent schools. Since 1998, the school has been named in honor of Georgetown alumnus Robert Emmett McDonough.
Emlyon Business School is a private business school in Lyon, France, established in 1872, and affiliated with the Lyon Chamber of Commerce and Industry. A grande école de commerce, Emlyon Business School offers a wide range of academic programs, including the Global BBA, Masters in Management, M.Sc. in Finance, MBA, and Exec. MBA degrees, alongside Specialized Masters programs, and a Ph.D. program in Management. The school also provides a wide portfolio of Executive Education programs for senior executives & experienced managers.
The University of Caloocan City is a public-type local university established in 1971 and formerly called Caloocan City Community College and Caloocan City Polytechnic College. Its south campus is located at Biglang Awa Street, Grace Park East, 12th Avenue, Caloocan, Metro Manila, Philippines and the north campuses are Camarin Business Campus, Congressional Campus, and Bagong Silang Campus.
Audencia Business School is a French grande école and business school located in Nantes, France. The school enrolls 7,800 students from almost 90 countries in bachelors, international masters, specialised masters, MBAs, doctorates and executive education courses.
The Leeds School of Business is a college of the University of Colorado Boulder in the United States, established 1906. As of April 2022, the school reports an enrollment of over 3800 undergraduate students. In 2001, the college was named for the Leeds family, spearheaded by alumnus Michael Leeds of New York, who committed $35 million to the school. Vijay Khatri is the current dean.
The C. Herman and Mary Virginia Terry College of Business is a constituent college of the University of Georgia, a research university in Athens, Georgia, United States. The business college offers undergraduate programs, MBA programs, specialized master's programs, and doctoral programs. It was founded as the first business school in the American South in 1912. The Terry College has 10 programs that have top 10 rankings. The Bachelor of Business Administration degree is recognized as a top 25 undergraduate program out of 532 Best Undergraduate Business Programs with a large residential enrollment, and the MBA Program is considered a top 27 graduate business program out of 506 Best Business Schools that has a selectivity rate of approximately 35% with the average enrolled student having a 698 GMAT score with the middle 80 percent of scores ranging up to 740.
The Olin Business School is the business school and one of seven academic schools at Washington University in St. Louis. The school offers undergraduate, master's, doctoral, and executive programs.
Business School Lausanne (BSL) is a private business school located in Lausanne, Switzerland. It is part of the Lemania Group of Swiss Private Schools.
The Olivarez College, also known as simply Olivarez or OC, is a private, nonsectarian college along Dr. A. Santos Avenue, Parañaque, Philippines that offers academic programs in basic education, junior and high school, undergraduate, graduate and technical education levels. Founded in 1976, Olivarez College is the only school in Parañaque City that is accredited by the Philippine Accrediting Association of Schools, Colleges and Universities (PAASCU) and the Philippine Association of Colleges and Universities - Commission on Accreditation (PACUCOA). It is a member of the Universities and Colleges Athletic Association (UCAA) and National Capital Region Athletic Association (NCRAA).
The Paris School of Business, or PSB is a business school and a grande école located in Paris and Rennes (France).
UBIS, also known as University of Business Innovation and Sustainability, is a private business school founded in 2006 in Geneva, Switzerland. The schools offers programs globally with international campuses in Geneva, Switzerland and Barcelona, Spain. UBIS is currently headquartered in Washington DC, United States.
Sustainability Management School (SUMAS) is a private business school focused on sustainability and a responsible management education. This training center was founded in 2012 by Ivana Modena with the mission of Inspiring Innovative Leaders.
The Basel School of Business is a private business school in Basel, Switzerland. Founded in 2012, it offers a range of undergraduate and postgraduate programs in Business Administration. BSB is known for its focus on Practical Experiential Learning™ (PEL), an approach that combines theoretical education with hands-on experience to bridge academia and industry.
NEOMA Business School is a French business and management school founded in 2013, following the merger of Reims Management School and Rouen Business School.
The John Chambers College of Business and Economics is the business school of West Virginia University, a state university located in Morgantown in the U.S. State of West Virginia. The college building is in the downtown campus of the university. The college offers ten undergraduate Bachelor of Science in Business Administration (BSBA) programs, two Bachelor programs in Economics, and one STEM-designated Bachelor of Science program in Supply Chain Management Science, seven master programs, and doctoral programs throughout its six departments.
[...] business administration is the branch of science that deals with the organisation of and the context around businesses.
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