You have a lot of acquaintances doing business studies, but what exactly does such a degree include, do not you know? With us you will find everything important to the definition of terms, the different forms and interesting facts about business administration!

In almost all areas of our economic system, even where one does not see it at first glance, competent and experienced business economists are at work – usually graduates of one of the many-sided business administration programs. Almost every product that we purchase and use in everyday life, comes thanks to the diverse skills of trained business economists at us consumers. But until business economists can prove their special skills in numerous interfaces of the companies, they first have to complete a business degree.

Business administration is often considered a study subject that anyone who knows no better alternative studies. One can say: With a Business Administration degree you will be prepared in many ways for the challenges in business and management. Because prospective students often can not properly assess what the study involves and what it is good for because of the prejudices, we first of all answer the most important question: What is business administration?

Definition of Business Administration

The term business administration (or BUSINESS STUDY for short) is not commonplace in our language, but actually everyone has heard of it before. Often, business administration is also equated with the terms “economy” or “management”. But what exactly does business management mean?

Business administration is a sub-discipline of economics and describes the management, control and organization of an economic operation or enterprise and is fundamentally based on the assumption that goods are scarce and thus an economic use of these goods is required. The aim of business administration is to describe, explain and support decision-making processes in companies. Business administration deals with the economic perspective, focusing on the individual enterprise.

Business administration is one of two branches of economics. The second branch is economics (economics). Both subdisciplines have a lot in common, but also fundamental content differences. Everything about the differences between business administration and economics you will find here!

Most people use the term business administration, if they mean the degree program, because the BUSINESS STUDY study is the most popular study subject in Germany and is offered at almost any university, college or academy in one of its many forms.

Contents of Business Studies

The BUSINESS STUDY study imparts general basics from economics and builds on it special expertise with different business management focuses. The topics planning, organization and calculation are the basic contents of general business administration. It is a cross-industry degree that will give you a career in all sectors of the economy and in every manufacturing, manufacturing and service sector.

The goal of the BUSINESS STUDY study is to increase your interdisciplinary thinking and your ability to act and to prepare you for the challenges in the management of economic enterprises.

One of the essential elements of business administration is the implementation and control of the various, capital-oriented business processes. The business administration represents the perspective of a business and also deals with interpersonal relationships, which are geared to the economic practice in the context of a professional activity. In addition to the main instruments of business studies – analysis, mathematics and statistics – numerous elements of law and political science, sociology and work and organizational psychology can be found on the curriculum of a business administration student.

General definitions: Business Administration, Economics, Management and Economics

In the search for a suitable Business Administration degree you will certainly often find different names. Often the terms economics, economics (economics), management or economy will appear on the pages of the universities or in your general search.

Many terms that actually mean the same thing: a study with an economic focus. Business basics are taught in all of these courses and topics, but there are differences. Here we explain the most important terms at a glance:

Economics

Economics, also known to students as WiWi, describes the theory of the economy as a whole. It includes both business administration (BUSINESS STUDY) and economics (ECONOMICS STUDY) as subareas.

Business Administration – Business Administration

Business Administration is the study of the organization, control and management of companies.

Economics – Economics

As a second branch of economics, economics (short for economics, also political economics or social economy) deals with the investigation of the connections between the production and distribution of goods and factors of production. Unlike in business administration, economics focuses less on individual companies, but rather on entire states and / or economic areas.

management

The contents of this program are in many positions congruent with the BUSINESS STUDY study. As a manager, you can apply for a degree in many areas of a company. In later professional life managers are often used as managers in companies. There they ensure effective workflows and cost-effectiveness of the companies.

economy

Similar to the degree program Management, a business degree is also a business administration degree. The term economy is therefore often used as a synonym for business or economics. The focus of the study is on topics and fundamentals in the fields of economics and business administration – depending on the design, orientation and offer of the university.