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Business administration

Business administration is the process of managing a business or non-profit organization so that it remains stable and continues to grow.[1]

The administration of a business includes the performance or management of business operations and decision making as well as the efficient organization of people and other resources to direct activities toward common goals and objectives.

In general, administration refers to the broader management function, including the associated finance, personnel and MIS services.

In some analyses, Henri Fayol as "the five elements of administration". Sometimes creating output, which includes all of the processes that create the product that the business sells, is added as a sixth element.

See also

References

  1. ^ "What is Business administration?". http://www.wisegeek.com. 

 

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