What Is the Definition of Business Administration?
Business administration covers all facets of managing day-to-day operations and decision making for a company or nonprofit organization. It includes efficient organization and management of employees and other resources to focus operations toward organizational goals.
Effective business administration promotes stability, success and growth for the company or organization. Specialty areas for management include finance and economics, human resources, marketing, operations, information systems and accounting. Knowledge of business laws and regulations is essential for administrators to avoid legal entanglements, especially with employment and labor laws.
Colleges and universities offer business administration as a course of study leading to bachelor’s or master’s degrees. Students can also earn business degrees through online programs.
