Business administration

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For the legal procedure similar to bankruptcy, see Administration (law).

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Business administration

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Business administration, also known as business management, is

the administration of a commercial enterprise.[1] It includes all aspects of overseeing
and supervising the business operations of an organization. From the point of view
of management and leadership, it also covers fields that include office building
administration, accounting, finance, designing, development, quality assurance, data
analysis, sales, project management, information-technology management, research
and development, and marketing.

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 towards common goals and objectives.
In general, "administration" refers to the broader management function, including the
associated finance, personnel and MIS services.
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 it's resources
properly so, it is the most important term in running a business firm. [4]

Academic degrees[edit]
Bachelor of Business Administration[edit]
Main articles: Bachelor of Business Administration and Bachelor of Commerce

The Bachelor of Business Administration (BBA, B.B.A., BSBA, B.S.B.A., BS, B.S., or

B.Sc.) 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[edit]
Main article: 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.
Doctor of Business Administration[edit]
Main article: Doctor of Business Administration

The Doctor of Business Administration (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 Administration.
PhD in Management[edit]
Main article: PhD in Management

The PhD in Management is the highest academic degree awarded in the study of

business management. 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.
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., 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. This doctorate has elements of both research and practice
relative to social and managerial concerns within society and organizations.