Business Administration and Economic Growth

In recent times, more people than ever before have chosen to study business administration. A business administration course provides career opportunities not readily available in many other fields. The exponential growth of business and corporate activities around the world has driven interest in the study of business administration.

 

General Information About Business Administration

Business administration, which may also be known as business management, is a field linked to a variety of business management positions. Office administration, sales management, general management, and operations management are some areas of business administration. 

Those who study business administration will learn much about finance, accounting, marketing, and many other topics related to business operations. Graduates of a business administration course will have gained much information about business theories and strategies, financial management principles, information technology (IT) systems in business operations, and human resources and management principles.

 

Advantages of Studying Business Administration

One advantage of the study of business administration is the acquisition of leadership skills. This is because those who study business administration will learn how to motivate and lead people through effective communication with them. Business administration knowledge also often leads to the creation of a strong network. Networking skills allow those in business administration to engage with other people and sometimes even turn those people into business partners.

Knowledge of business administration also gives a person an appreciation for the value of money. Business administration involves the management of finances and funds; thus, people in the field will have a deeper understanding of money itself.

 

Business Administration and Economic Growth

Business administration plays a crucial role in driving global economic growth. Economic growth can be driven by increased levels of entrepreneurship. The more efficient the administration of a business, the greater the business’s capacity for entrepreneurial activities. Business administration also assists with the creation of post-industrial economic growth.

Statistics show that the development of a country’s business administration is directly related to the development of its post-industrial economy. Innovations in administration, training of administrative talents, and development of corporate enterprises can also be brought about through competent business administration. Each of these developments serves to improve the condition of the economy.

 

Degree in Management

Anyone who is interested in contributing to the world’s economic growth can begin by enrolling in Ranaco Education & Training Institute’s Degree in Management. Students in this degree program will receive much instruction in business administration topics such as management, data collection, and implementation of policies. Our graduates will be well-positioned to contribute to the national, regional, and global economy.

This course lasts for eight semesters over a four-year period. Graduates have the opportunity to become marketing managers, management executives, business consultants, sales executives, or any of a host of jobs which allow them to be a catalyst for economic growth.

If you are interested in finding out more about this course, please contact us; we will address your queries as soon as possible.

 

Sources:

https://www.allbusinessschools.com/business-administration/job-description/

https://www.ecpi.edu/blog/what-is-business-administration-all-about

https://www.purdueglobal.edu/blog/business/why-study-business-administration

https://www.afterschoolafrica.com/51442/10-reasons-why-you-should-study-business-administration/

https://core.ac.uk/download/pdf/155235666.pdf

https://www.ersj.eu/repec/ers/papers/16_2_p30.pdf

https://www.researchgate.net/publication/344094625_Analysis_of_the_Role_of_Business_Administration_in_Promoting_Economic_Development

http://dev.reti.edu.my/school-of-business/degree-in-management/

Leave a Comment

Recent Tweets

  • Semoga peristiwa sejarah pengorbanan Nabi Ibrahim AS serta keluarganya terhadap perintah Allah SWT dapat memberi pe… https://t.co/IJ62XDmY9g
  • Seluruh warga kerja Ranaco Group mengucapkan Selamat menyambut Hari Raya Aidiladha 1442H kepada semua followers yan… https://t.co/gUpxHMwVtg

       

Contacts

PT 4568,  Jalan Bengkel 1,

Kawasan Perindustrian Jakar II,

24000 Kemaman,

Terengganu, Malaysia

Tel: +609 850 3161
Tel: +609 858 4623