What is Business Administration?
Used as an umbrella term, business administration comprises a variety of roles, professional contexts, and organizational objectives. Essentially, it refers to the task of managing a company’s resources — human, capital, and operational — to derive maximum fiscal gains and ensure smooth functioning. This balancing act calls for a strong grasp of business acumen, learned knowledge, and a diverse skill set across a range of disciplines. Business administrators, therefore, are generally adept in or have considerable knowledge of accounting, finance, human resources, information technology, and marketing.
Why is Business Administration Important?
Business administration is central to a company’s overall health and serves as the basis for the execution of all policies and programs. The ultimate objective is to achieve the set business goals, increase profit, and ensure organizational growth in a highly competitive market. Several aspects of business administration further cement its role in an organization, such as planning the approaches to take while pursuing a goal, the equitable distribution of necessary funds for the same, monitoring and motivating workers, and controlling the implementation and overarching execution process.
Benefits of Business Administration
- Builds a working body of knowledge about context-appropriate approaches and plans
- Grants effectiveness to human effort
- Contributes to long-term, sustainable growth
- Generates and disseminates relevant information for ease of operation
- Measures performance and reduces operating costs accordingly to ensure impressive revenues
Can I Learn About Business Administration Online?
Ever since the advent of the Industrial Age and capitalism, several books and manifestos have been written on business administration. Many are now considered classics and are worth at least a first read. However, with the digital transformation, many learners now opt for online business administration courses that are offered by some of the most renowned global institutions. These courses are mindfully designed, flexible in their approach, and affordable for most. In addition, they also provide ample scope for networking and often include certification, which gives a significant boost to one’s employability.
What Kind of Career Can I Get with a Background in Business Administration?
From technology and healthcare to sports, art, and fashion, professionals with a background in business administration have several avenues open to them. Even entry-level careers in the field are high-paying, prestigious, and offer considerable job satisfaction.
Lucrative Job Roles in Business Management
- Medical and Health Services Manager
- Information Security Analyst
- Operations Research Analyst
- Market Research Analyst
- Financial Manager
- Management Analyst
- Human Resources Specialist
- Marketing Manager
Why Take an Online Course at Emeritus?
Each Emeritus online course is designed keeping key learning outcomes in mind by a team of experts. We use the backward design methodology to develop instruction for learners of all ages. This enables us to craft unique, interactive, learning experiences that include a combination of assessments, hands-on activities, skill application, and more.
Emeritus also collaborates with the best universities and faculty around the world to curate the course curriculum that can effectively tackle present challenges in the industry, while preparing you for the trends and risks in the future. Our courses consist of assignments, exams, capstone projects, networking opportunities, a fine balance of practical and theoretical concepts, and the opportunity to learn from top minds in the industry. This adds to the holistic experience we try to provide for each learner.
We are also focused on providing courses that are standardized in quality. This is done by adhering to standards set by a global organization called Quality Matters which is focused on providing quality standards for online and innovative digital teaching and learning environments. The rigorous criteria ensure all our learners invest in quality education that is easily accessible and affordable.