Business administration is a college course focusing on the general procedures and principles of business, with the aim of of achieving an understanding in running a commercial business. It goes into the finer details of finance management, management of personnel, and the running of the workplace. The whole course prepares the student for a career in business.
- What major areas in class does business administration focus on?
In a classic business administration module, a student is instructed in different fields of study that encompass the business program - involving such areas as communications, marketing, corporate accounting, and the basic principles of management. A student will be required to take a fictional business, and aim to progress it, taking certain risks to try and further its success. These risks may include business progressions like launching a new product, or personnel decisions.
- Big business administration
Business Administration is the understanding of entrepreneurship - understanding every level of what will help further your business. Processes like marketing help to bring your product and business into the public eye. Correct marketing will greatly increase awareness of the business, and therefore the selling of any product your business may sell. For bigger businesses, this could involve situations like having the foresight to pick up smaller companies that can help to build the business. These acquisitions help to gain valuable personnel and resources that otherwise the business would not have access to, hopefully allowing the forward progression of the business.
- From a man-management point of view
Any form of management can also be defined as human action, in that it is the process of managing something or someone. This means that it allows a leader of a company or business to literally manage subordinates, in terms of personnel.
