What is business administration? What is Business Management? What is management? Why study it at online business school? Business administration by definition is the activities that are needed to keep a business running. This includes organizing the right people by giving them specific tasks, managing business assets and making decisions that drive the business to meet its goals. Business administrators are key to ensuring that the business adapts to external changes by implementing internal reorganisation. Two schools of thought for Business Administration and Management are Fayolism and Taylorism. Fayolism is named after the 20h century French mining engineer Henri Fayol.
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