What is the difference between business management and administration?

Answer 1

"There's no difference. The word "administration" and "management" are somewhat different when defined in a dictionary. But in the real world of business, they are the same unless one begins splitting hairs.

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Some might say that administration involves more things of a paper-pushing or clerical nature. And some may think that management implies some authority over others that administrators do not have. If a company makes this distinction, so be it. But in general, business administration and business management are the same. " I got this from... -- http://www.answerbag.com/q_view/538865 "Generally speaking, business administration is usually the name of the degree or program (like BBA or MBA) and not really a concentration. Every business discipline combined is pretty much "business administration" as a whole. In fact, you can even take out the word "administration" and just leave it at "business" as a field of study. So saying you study "business administration" is saying you study "business."

Management is the actual concentration within business administration, and you cover organizational behavior/structure, leadership in organizations, managing change, and things like human resources (people) management. Some schools might have "business administration and management" to refer to the management major.

Econ and finance is pretty clear. Econ is about the allocation of scarce resources among competing uses. The main theme is supply and demand and price determination. At the micro level, you narrow in on firm and consumer behavior. At the macro level, you learn about national and international issues like interest rates, GDP, inflation, etc. Finance is more about investing (in the general sense of the word, not just in the Stock Market). The main theme is risk and return. You learn about the time value of money and apply it in many ways. Finance uses some econ, and econ uses some finance.

These are the very basics. To find out more, you should look at school course guides." I got this from... -- http://talk.collegeconfidential.com/business-major/403045-difference-between-business-majors.html

Answer 2

According to Marylhurst Uneversity

When looking at a bachelor's degree in Business Administration vs. Business Management, many students wonder, what's the difference between the two? Don't be confused by degree names, as both labels stand for the same core education in business management. The program name might vary from institution to institution, but the underlying education results in the same skill sets.