As an educational term, business administration has come to encompass an extraordinary number of academic study areas. As business has become more complex, so too has the oversight of companies: their management, their growth strategies, their personnel issues, their taxes and the role that taxes play in corporate economic strategy. Advertising has grown to include multiple media outlets and an assortment of targeted interest groups: new customers, repeat customers, stockholders, investors and new geographic markets. Marketing has become the term of choice for all of this strategically placed product exposure.
Defining business administration then means defining oversight roles for the assortment of internal specialties that every business of any size has come to include. That is why business administration degrees are now offered with a remarkable number of categorical specialties available as choices of study. Perhaps the best way to define business administration is to look at the types of courses offered in MBA curriculums and the specialties, or “majors,” that one can opt for in an MBA program.
For a large corporation, business administration is going to include international and global business, as well as strategy and economics. In this instance, the definition of business administration will include requirements of certain cultural differences and an acute understanding of the global economy and its current fluidity. Also included in business administration at this scale is the art and science of acquisition: when to buy a company or property and why.
Business administration will always include the intangible quality of leadership; you can obtain an MBA that specializes in just that. Along with leadership comes the task of negotiation and conflict resolution, specifically with regard to personnel. Behavioral psychology plays an important role in business administration: a misstep in an adversarial situation with a union can take a company under, as it did Continental Airlines some years ago.
The definition of business administration will have to include marketing; you won’t have a business to administer unless you sell your products. Ancillary to marketing is an understanding of the new tools available for product distribution, and that will involve understanding e-business and how it is rapidly evolving.
Whether you are working with distributors that are small businesses or you are starting your own business, business administration includes an understanding of entrepreneurship: tax structures for small businesses along with personnel issues at that level, inventory and cash flow, and all the other small matters that make a big difference to a new or small business.
A critical part of business administration is the awareness of risk. This might include the risk of launching a new product, and the costs involved; the risk of an acquisition, the risk of a competitive strategy, the company’s exposure in opting for this health plan instead of that one. There are risks involved in other personnel decisions and this area is of tangible importance: company morale is a key to productivity and the resultant profitability.
There are MBA courses taught in all of these areas, and MBA degrees that specialize in many of them. The definition of business administration includes whatever knowledge is required to make all of these components work productively, if not in complete harmony.
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Westwood College is an institution of higher learning dedicated to providing quality, career-focused undergraduate and graduate programs that prepare students with the knowledge, skills, and credentials needed to launch, enhance, or change careers. The College offers broad access to education and serves a diverse, multicultural body of students in an environment that promotes pride, respect, and teamwork. The College's programs are designed to empower students to pursue their individual career goals.
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Our programs are current, in depth, and job oriented. A sound educational background, combined with "hands-on" experience, is required to meet the needs of an ever-changing and increasingly technical society.
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At ITT Tech we are committed to helping men and women develop the skills and knowledge to pursue many opportunities in fields involving technology, criminal justice, and business.
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Saint Leo University Online is a leading provider of accredited online education to working adults and is a major global provider of education to the military. The online programs are designed to meet the growing needs of adult students and offer the best attributes of traditional classroom education in conjunction with today's most innovative computer technology.
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Courses that you can take with you---the varied curriculums at HoHoKus Rets School of Business have been evaluated by the American Council on Education, allowing graduates to earn up to 55 college credits at more than 1500 colleges and universities across the nation.
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At Western International University (West), we've provided degree programs for working adults for more than 30 years. We understand that classes must not only fit your schedule - with all of its obligations and commitments - but compete fiercely for your time and attention.
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Bellevue University, a leader in adult learning, is your best choice. We accept ALL of the credit in your associate's degree - that's EVERY credit in your A.A.S, A.S., A.G.S., and A.A. degree! And, Bellevue University gives you accelerated bachelor's degree completion 100% ONLINE. So, you enroll with your associate's degree, and complete your bachelor's degree in as little as 12 months.
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Tags: academic, advertising, business, business administration, Degrees, education, entrepreneurs, management, marketing, MBA
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on Thursday, June 26th, 2008 at 10:13 am and is filed under Business and Management.
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