What is business administration?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Business administration (BWL) is the application of principles of economics to the issues of management and leadership of companies. It deals with the planning, organization, management and control of entrepreneurial activities. Business administration applies to companies of all sizes, from individual enterprises to multinational corporations. It also analyzes the influence of external factors such as economic policy, the business cycle, competition, technology and the international economy on a company.