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What Is Business Administration?

What is business administration? This is a broad question. Simply put, business administration refers to the management of a business. It comprises all levels of supervising and overseeing business affairs. In this way, it indirectly covers all facets of business administration.

One may wonder what is business administration. If one studies closely, it is worth understanding that there are many different facets of it. It involves all facets of the business, including finance, marketing, administrative, research, and much more. These are important elements to the organization, as they can impact productivity, quality, and overall profitability. Thus, these are what is business administration. A quick glance at the above paragraph indicates how many different aspects there are in the management of a business.

  • Human Resources: Human resources, or HR, plays a key role in business administration. It is the individual who hires and fires employees, oversees their payrolls, and provides other employment related issues. Thus, HR is directly involved in the recruitment of employees, training them, managing their salaries, and rewarding them as per their performance. Other individuals who fall under HR include accountants, payroll managers, and other employees in the Finance and Accounting departments.
  • Accountants: The responsibilities of accountants are almost as numerous as their numbers. They conduct financial analyses and create financial reports. They also perform other human resource tasks such as interviewing potential candidates, screening job applicants, and grooming potential employees. An effective accountant is one who has good computer and math skills, and is capable of analyzing various aspects of the business. Thus, if you want to hire a good fit analyst for your organization, make sure that you get a qualified one.
  • Marketing/Advertising Professionals: Just as accountants are concerned about the bottom line, marketing/advertising professionals are concerned with the public image of their employers. Therefore, a person who wants to go into business administration must be aware of marketing’s impact on the company’s image. In fact, in some circles, it is termed as business analysis. Thus, an effective marketing/advertising professional can be a great asset to a company. He or she must also be a good fit analyst, as he or she must be able to analyze the business’s weaknesses, and find ways to strengthen them.
  • Finance: A finance professional is concerned with the financial matters of a company. A qualified finance professional can help decide what is a good fit for the company, by helping the management determine what kind of merchandise to produce, where to source out of the existing resources, what prices to charge for those products, and how to maximize their profitability. Therefore, if you want to find a job in finance, you have to take a finance course. You will need a bachelor’s degree in finance before applying for jobs in finance. Most finance positions require at least a bachelor’s degree.
  • Accountancy: With jobs in accounting, you have to first become qualified in order to get a job. Then, the company will need your master’s degree, MBA, or any other accredited degree in business administration. You can begin as an entry-level accountant. You can advance slowly within the firm or take a more significant role as the company begins to grow. You should be prepared to handle all kinds of accounting tasks, whether it is simple data entries or analyzing the financial records for fraud detection. Therefore, you must be ready to work with numbers, formulas, and computer programs.

Business Administration Positions After graduation, what is a business administration degree seeker to do? There are many jobs available, even with a bachelors degree. In addition to entry-level positions, there are also higher-level administrative positions, such as those in marketing, human resources, accounting, supply chain, and more. The number of available positions may vary depending upon a company’s needs. A bachelors degree holder can pursue a higher-level position in management after three years of solid work experience.

What Is Business Administration?

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