Business administration involves managing the performance of business operations and decision-making. It requires the efficient organization of people and critical resources to achieve an organization’s goals and objectives. Apart from overseeing core business operations, business professionals may supervise other related functions, such as finance, accounting, and marketing.
An undergraduate business administration curriculum covers advanced principles in business ethics, leadership, and decision-making. This degree also provides a solid foundation to pursue career opportunities as an accountant, commercial loan officer, city manager, sales manager, or financial officer.
Skills, Concepts, and Opportunities Gained with a Bachelor’s in Business Administration Program
Students in this degree program can gain skills based on the following concepts:
- Understanding business principles. The general understanding of business principles is called business acumen. This is the ability to make decisions that lead to profit. Business principles are universal, which means they apply to enterprises of any size. While no business can thrive without customers, students may learn the importance of cash generation, return on investment, and growth for the success of any business venture.
- Recognizing differences among business areas. A business area is a unit within an organization that can be identified as a specific segment or area of responsibility in that company. Each business area is treated as a separate business unit in financial accounting and assigned its own responsibility for profit and loss generation.
- Leadership and decision-making. Decision-making is an essential part of a leadership role. Some decisions affect individuals only, while others have an impact on the entire organization. While leaders may adopt one of several styles of leadership, they must all conform to business ethics.
- Using ethical principles in business operations. Business ethics are the standards that define what constitutes good or bad conduct by both companies and individuals. To protect brand identity and foster good public relations, organizations attempt to instill good business ethics in all their employees.
- Applying interdisciplinary knowledge in business operations. An individual’s ability to apply knowledge across boundaries between traditional academic disciplines is often called interdisciplinarity. Employers value this skill because it enables individuals to use their knowledge to consider the impact a business decision has on two or more disciplines within an organization.
Common Courses for Bachelor’s in Business Administration
The typical business administration curriculum for a bachelor’s degree may include these courses:
- Business Communications. The fast pace and competitive nature of today’s business world requires effective communication, whether oral or written. This course is designed to improve students’ communication skills. It can also help improve their ability to communicate effectively through various communication channels.
- Financial Accounting. This financial accounting course focuses on how business events affect financial statements. Students may acquire a working knowledge of basic accounting theory and concepts. The course covers the role of accounting in decision-making and the recording procedures that accountants use to organize information for financial statement preparation. Other topics typically include the analytical tools used by accountants, as well as the accounting principles that aid in the reading and interpreting of financial statements.
- Business Law. In this course, students can learn about the laws that govern all aspects of business. These include contract law, legal rights, and ethics, as well as the legislation covering torts, crimes, personal property, bailments, and sales.
- Principles of Management. This course provides an extensive study of the basic theories and concepts of management. Topics can include the evolution of management, ethics, decision-making, organizational structure, motivation, communication, group dynamics and team building, planning, job design, leadership, and organizational change.