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Business administration

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Business administration is the administration of a commercial enterprise . It includes all aspects of overseeing and supervising the business operations of an organization.

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32-404: The administration of a business includes the performance or management of business operations and decision-making , as well as the efficient organization of people and other resources to direct activities towards common goals . In general, "administration" refers to the broader management function, including the associated finance , personnel and MIS services. Administration can refer to

64-458: A dissertation defense. Furthermore, both doctorates enable holders to become faculty members at academic institutions. The DBA and PhD in business administration are terminal degrees, allowing the recipient to obtain a tenure-track position in the United States; other countries' requirements may differ. In some cases, the distinction is solely administrative. For example, Harvard Business School

96-473: A distinct discipline. The increasing demand for advanced business education, coupled with the growing importance of research in the field, led to the establishment of doctoral programs focused on business administration. One of the earliest instances of a doctorate in business can be found at the Harvard Graduate School of Business Administration, now known as Harvard Business School , which introduced

128-474: A firm cannot utilize its resources properly so, it is the most important term in running a business firm. Strategic thinking , leadership , problem-solving , communication , and the ability to work effectively with a diverse range of people and organizations are among the key skills and competencies required of effective managers. Managers must also be able to balance the needs and interests of various stakeholders, such as employees, customers, shareholders, and

160-721: A full dissertation, they still qualify as full academic doctorates. Similar to the United Kingdom, the DBA in Canada can only be granted by Universities Canada , consisting of accredited institutions and holds equal standing with a PhD (management) . The dissertation required for a DBA program differs primarily in focus but maintains the same breadth of study and academic rigor. DBA programs in Canadian institutions necessitate an original contribution to knowledge, overseen by an accomplished researcher as

192-414: A strong theoretical foundation, while the research component requires students to undertake original research that contributes to the advancement of knowledge in a specific area of business administration. DBA programs typically attract professionals from a wide range of industries, including business, government, and nonprofit sectors. The diversity of backgrounds and experiences among DBA candidates enhances

224-520: Is a bachelor's degree in commerce and business administration. The duration of the degree is four years in the United States and three years in Europe. The degree is designed to give a broad knowledge of the functional aspects of a company and their interconnection, while also allowing for specialization in a particular area. The degree also develops the student's practical, managerial and communication skills, and business decision-making capability to succeed in

256-492: Is a postgraduate degree with a focus in business management . In terms of content, it is similar to the Master of Business Administration (MBA) degree as it contains identical management courses but is open to prospective postgraduate candidates at any level in their career unlike MBA programs that have longer course credit requirements and only accept mid-career professionals. The Doctor of Business Administration (DBA or DrBA)

288-609: Is a research doctorate awarded on the basis of advanced study and research in the field of business administration. The D.B.A. is a terminal degree in business administration and is equivalent to the Ph.D. in Business Administration. The PhD in Management is the highest academic degree awarded in the study of business management. The degree is intended for those seeking academic research- and teaching-careers as faculty or professors in

320-523: Is classified as a research doctorate or professional doctorate depending on the granting university and country where the degree was awarded. Academically, the DBA is awarded based on advanced study, examinations, project work, and advanced research in the field of business administration. DBA candidates are required to submit a significant project, commonly referred to as a thesis , capstone project, or dissertation . This project consists of an extensive body of original academic research that possesses

352-406: Is measured on the basis of how much income it generates for the: A business that can harvest a significant amount of value from its assets but cannot demonstrate an ability to sustain this effort cannot be considered a viable business. Doctor of Business Administration The Doctor of Business Administration ( DBA ) or ( DrBA ) is a terminal degree in business administration . The DBA

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384-558: Is the harvesting of value from assets owned by a business. Assets can be either physical or intangible . An example of value derived from a physical asset, like a building, is rent. An example of value derived from an intangible asset , like an idea, is a royalty. The effort involved in "harvesting" this value is what constitutes business operations cycles. Business operations encompass three fundamental management imperatives that collectively aim to maximize value harvested from business assets (this has often been referred to as "sweating

416-404: Is to implement a sustained delivery of goods and services to the business's customers at a cost that is less than the funds acquired in exchange for said goods and also self-employee services—in short, making a profit . A business whose revenues are sufficiently greater than its expenses makes profit or income. Such a business is profitable . As such, generating recurring "revenue" is not

448-634: The Association to Advance Collegiate Schools of Business (AACSB) and the European Quality Improvement System (EQUIS) provide accreditation to business schools and their programs, including the DBA. These accreditations assure prospective students and employers of the quality and relevance of the DBA degree. In Canada, the DBA is recognized as a terminal degree in business administration or management. While DBA programs in Canada incorporate aspects of professional practice in addition to

480-735: The National Science Foundation recognize the DBA as equivalent to the Doctor of Philosophy (PhD) degree. Doctor of Business Administration programs have a dual purpose: contribute to business theory and further develop the professional practice (e.g. contribute to professional knowledge in business). Universities generally require candidates to have significant experience in business, particularly in roles with leadership or other strategic responsibilities. DBA candidates specialize in areas such as management science, information technology management, organizational behavior, economics, finance, and

512-518: The bureaucratic or operational performance of routine office tasks, usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet an organization's goals. Henri Fayol (1841–1925) described these "functions" of the administrator as " the five elements of administration ". According to Fayol, the five functions of management are planning, organizing, commanding, coordinating, and controlling. Without proper business management,

544-609: The Doctor of Commercial Science (DCS) degree in 1920, and then, in 1953, the DBA. Beginning with the 2018-2019 academic year, the Harvard Business School DBA transitioned into an Interfaculty PhD in Business Administration. The longest running DBA program is the DBA program of Business School Lausanne (BSL), a private business school located in Lausanne, Switzerland, that was launched in 1987. The longest running DBA program in

576-472: The USA is the DBA program of Weatherhead School of Management , a private business school of Case Western Reserve University , that was launched in 1995. During the mid-20th century, the DBA degree gained recognition as a professional doctorate that emphasized the practical application of knowledge in the business context. Many universities and business schools around the world began offering DBA programs to cater to

608-444: The assets"): The three imperatives are interdependent . The following basic tenets illustrate this interdependency: The business model of a business describes the means by which the three management imperatives are achieved. In this sense, business operations is the execution of the business model. This is the most straightforward and well-understood management imperative of business operations. The primary goal of this imperative

640-440: The chair, and defended orally (viva) before internal and external examiners. In the United States, the Doctor of Business Administration (DBA) and Doctor of Philosophy (PhD) in business administration are equivalent degrees. Also, both doctorates are viewed as research doctorates representing the highest academic qualification in business. As such, both DBA and PhD programs require students to develop original research leading to

672-400: The competitive world. Many programs incorporate training and practical experience, in the form of case projects, presentations, internships, industrial visits, and interaction with experts from industry. The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration with a significant focus on management. The MBA degree originated in the United States in

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704-437: The early-20th century, when the nation industrialized and companies sought scientific approaches to management. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses. The Master of Management (MiM) or Master of Science in Management (MSM)

736-420: The focus of operations management; what counts is management of the relationship between the cost of goods sold and the revenue derived from their sale. Efficient processes that reduce costs even while prices remain the same expand the gap between revenue and expenses and derive higher profitability. Types of recurring income: The more profitable a business is, the more valuable it is. A business's profitability

768-490: The larger community. Management is a critical aspect of any successful organization, and it requires a wide range of skills, knowledge, and expertise. Whether managing a small team or a large corporation, effective management is essential to achieving success and driving growth. Another critical aspect is effectively managing and motivating employees. Managers must be able to foster a positive and productive work environment, as well as recognize and reward employees who contribute to

800-491: The learning environment and promotes interdisciplinary collaboration. The DBA has gained recognition and accreditation from reputable academic and professional bodies such as the Executive DBA Council founded in 2011. Accreditation ensures that DBA programs meet specific standards of quality and rigor, and graduates of accredited programs are conferred with a reputable academic qualification. Accrediting bodies such as

832-546: The like. As with other doctorate programs, curricula may be offered on a full-time or part-time basis. According to the European higher education standards set by the Bologna Process , the normal duration of research doctorate programs like the DBA and PhD is usually 3 to 4 years of full-time study. The responsibility for the structure of doctoral programs resides within the graduate research committees or their equivalent within

864-585: The needs of senior executives and experienced professionals seeking to enhance their skills and contribute to the advancement of business knowledge. In recent years, the DBA has experienced significant growth and evolution, especially due to an increase in online courses. Business schools worldwide have recognized the demand for doctoral programs that combine rigorous academic research with practical relevance to address complex business challenges. Contemporary DBA programs often integrate coursework, research, and professional development components. The coursework provides

896-522: The overall success of the organization. This can include providing opportunities for professional development and growth, as well as establishing clear communication channels and ensuring that everyone understands their role and responsibilities. The Bachelor of Business Administration (BBA, B.B.A., BSBA, B.S.B.A., BS, B.S., or B.Sc.), Bachelor of Science in Business, Business Administration, Business Management (BS), or Bachelor of Commerce (Bcom. or BComm)

928-542: The potential for publication in a peer-reviewed journal. Candidates must defend their work before a panel of expert examiners, known as a thesis, dissertation, or doctoral committee. In addition, most DBA programs have coursework requirements. Along with the PhD or DPhil, the DBA represents the highest academic qualification in the field of business administration. Both the United States Department of Education and

960-452: The proposal stage. DBA candidates then go through numerous internal moderations of the dissertation before submitting to external examinations (usually at least two). Finally, candidates usually revise their dissertations numerous times before final approval is granted from the doctoral committee. The origins of the Doctor of Business Administration can be traced back to the early 20th century when business education began to gain recognition as

992-515: The study of management at business schools worldwide. A newer form of a management doctorate is the Doctor of Management (D.M., D.Mgt., DBA, or DMan). It is a doctoral degree conferred upon an individual who is trained through advanced study and research in the applied science and professional practice of management . This doctorate has elements of both research and practice relative to social and managerial concerns within society and organizations. Business operations Business operations

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1024-511: The university. As such, DBA programs have a specific set of university regulations and are subject to quality approval processes. Regulations include references to protocols for treating ethical issues in research. These regulations are widely used in Australian universities. For instance, a DBA student cannot embark on the research phase before passing the coursework phase. Students must clear ethics-related issues with an ethics committee upon passing

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