Business administration is the field of study that focuses on managing and operating businesses and organizations effectively and efficiently. It encompasses a range of disciplines, including finance, marketing, operations management, and human resources.
Business professionals use a variety of tools and techniques to manage and operate businesses, including financial analysis, marketing research, and personnel management. They also use theoretical frameworks and models to guide decision-making and strategy development.
Business administration is important for promoting economic growth and development, and for creating successful and sustainable businesses. Business professionals work in a variety of settings, including corporations, non-profit organizations, and government agencies.