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What is businesss administration?
What is business Administration
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Erin’s Answer
Hey there, Jordan. So think of every business having (3) parts that help them do what every business does.
1. Collecting Money for delivering a product or service
2. Spending Money to make delivering that product or service possible (i.e. "It takes money to make money" lol)
3. Activities related to actually producing the product or service
Business Admin falls across all three of these areas, and their purpose is to make sure the business is doing the day-to-day stuff for Collecting Money, Spending Money, and Producing Value. Business Admins find themselves entering data and handling internal communications for ensuring everything is going smoothly. It's the backbone of the business. If there were no Business Admin, the business would only focus on the high level activites needed for Collecting Money, Spending Money, and Producing Value without paying attention to all the little details that go into actually achieving those 3 goals.
1. Collecting Money for delivering a product or service
2. Spending Money to make delivering that product or service possible (i.e. "It takes money to make money" lol)
3. Activities related to actually producing the product or service
Business Admin falls across all three of these areas, and their purpose is to make sure the business is doing the day-to-day stuff for Collecting Money, Spending Money, and Producing Value. Business Admins find themselves entering data and handling internal communications for ensuring everything is going smoothly. It's the backbone of the business. If there were no Business Admin, the business would only focus on the high level activites needed for Collecting Money, Spending Money, and Producing Value without paying attention to all the little details that go into actually achieving those 3 goals.
Updated
Martha’s Answer
Great question, Jordan! I put a link below (Indeed.com) that describes what it is, what education might be needed for it, and what related job titles might be. Part of what I like about the Indeed.com reference is how broad it is since there are so many aspects to running a business.
To learn more, especially about business administration degrees, you might also want to look at some college links. I also put a link to general business education below (US News).
Good luck!
Indeed.com - https://www.indeed.com/career-advice/career-development/what-is-business-administration
US News - https://www.usnews.com/education/best-colleges/business-administration-major-overview
To learn more, especially about business administration degrees, you might also want to look at some college links. I also put a link to general business education below (US News).
Good luck!
Martha recommends the following next steps:
Updated
Sasha’s Answer
Hello Jordan,
A degree in business administration is like a Swiss Army knife of education, covering a wide array of subjects from marketing and accounting, to human resources and economics, not forgetting mathematics, business law, finance, and ethics. Unlike specialized majors that zoom in on a specific area of business like management, a business administration degree gives you a panoramic view of all these areas, equipping you with a comprehensive understanding of how to steer a business towards success.
An associate degree, which takes around two years to complete, offers a solid introduction to the basics of business, covering a variety of subjects.
On the other hand, a four-year bachelor's degree in business administration provides a more in-depth foundation. If you have a specific career path in mind, you can choose a concentration such as finance, accounting, healthcare administration, or project management.
Here's a sneak peek into what you'll be studying:
• Economics
• Finance
• Statistics
• Business communication
• Business ethics
The job roles you'll be eligible for will largely depend on your degree. Here are a few examples of the positions you can aim for.
With an Associate Degree:
• Assistant store manager
• Office manager
• Payroll and benefits administrator
With a Bachelor's Degree:
• Financial analyst
• Administrative services manager
• Human resources manager
There are also several sought-after certifications in business administration that you might want to consider:
• Project Management Professional (PMP) for aspiring project managers
• Certified Business Analysis Professional (CBAP) for budding data analysts
• Professional in Human Resources (PHR) for those interested in human resources management
Wishing you all the best on your journey!
A degree in business administration is like a Swiss Army knife of education, covering a wide array of subjects from marketing and accounting, to human resources and economics, not forgetting mathematics, business law, finance, and ethics. Unlike specialized majors that zoom in on a specific area of business like management, a business administration degree gives you a panoramic view of all these areas, equipping you with a comprehensive understanding of how to steer a business towards success.
An associate degree, which takes around two years to complete, offers a solid introduction to the basics of business, covering a variety of subjects.
On the other hand, a four-year bachelor's degree in business administration provides a more in-depth foundation. If you have a specific career path in mind, you can choose a concentration such as finance, accounting, healthcare administration, or project management.
Here's a sneak peek into what you'll be studying:
• Economics
• Finance
• Statistics
• Business communication
• Business ethics
The job roles you'll be eligible for will largely depend on your degree. Here are a few examples of the positions you can aim for.
With an Associate Degree:
• Assistant store manager
• Office manager
• Payroll and benefits administrator
With a Bachelor's Degree:
• Financial analyst
• Administrative services manager
• Human resources manager
There are also several sought-after certifications in business administration that you might want to consider:
• Project Management Professional (PMP) for aspiring project managers
• Certified Business Analysis Professional (CBAP) for budding data analysts
• Professional in Human Resources (PHR) for those interested in human resources management
Wishing you all the best on your journey!