Hi Sakshi,
There can be a lot of confusion between the administration and management of businesses. In the practical world of business, they are very similar and generally have identical functions and responsibilities. Many may think that administration is more about paper-pushing and clerical work, while management is more about authority and decision-making. However, unless clearly defined by a particular company, business management and administration are generally the same.
Professionals in management are vital to any business or organization. These managers are relied upon to establish and implement policies, as well as strategies.
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Hi Sakshi,
There can be a lot of confusion between the administration and management of businesses. In the practical world of business, they are very similar and generally have identical functions and responsibilities. Many may think that administration is more about paper-pushing and clerical work, while management is more about authority and decision-making. However, unless clearly defined by a particular company, business management and administration are generally the same.
Professionals in management are vital to any business or organization. These managers are relied upon to establish and implement policies, as well as strategies. Additionally, they are expected to help people involved in the organization, work for a common goal, in the most effective way possible. These professionals have studied management degree programs, which have helped them become effective managers.
Management degree programs prepare individuals for planning, managing, organizing, and running the essential procedures and tasks of organized bodies, such as companies or firms. Courses also include many aspects that are vital to any business, such as communications, production, logistics and purchasing, the quantitative methods of accounting, administrative practices, decision-making, marketing, information systems, and human resources management, and so forth. They also handle training of the workforce.
The degree primes any person for entry-level management positions, like supervisor, assistant manager, group leader, project manager, or office manager. The areas or fields of work is broad, as one can work in advertising, finance, benefits administration, insurance, human resources, wholesaling, retailing, communication, and transportation.
A degree in business administration, on the other hand, exposes students to a selection of core subjects. It also allows students to focus on a special academic area. The core subjects normally include: business law and ethics, accounting, finance, economics, marketing, management information systems, organizational behavior and management, operations management, strategic management, and operations research.
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Hi Sakshi,