Business Administration & International Business
BUSINESS ADMINISTRATION & INTERNATIONAL BUSINESS
In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely-related Economics. In the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With more research conducted in a professional way, Business Administration has also given birth to its branches.
Among these, International Business is one such off-shoot or part of business administration, which has seen tremendous growth in this age of internet. This particular article refers to discussing various aspects of Business Administration and International Business.
Business Administration can be simply described as all the activities and strategies which are part of running any business, vis-à-vis “providing customers with the goods and services they want”. In the more formal way, these activities can range from, but not limited to managing financial activities, marketing, human resource management and general management. Even in the contemporary field of business management which is a formal body of knowledge, these activities are the primary focus of business administration.
International Business on the other hand, is a more focused branch of business administration. International Business (or International Business Administration) is focused primarily on the aspects of business dealing with the international trade, foreign markets, gaining competitive advantages, trade with foreign countries etc. Since the core focus is on foreign markets, so the activities are also bit different than conventional business administration.
AN UNORTHODOX YET IMPORTANT COMPARISON
The comparison between International Business and Business Administration is unorthodox because it is
In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely-related Economics. In the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With more research conducted in a professional way, Business Administration has also given birth to its branches.
Among these, International Business is one such off-shoot or part of business administration, which has seen tremendous growth in this age of internet. This particular article refers to discussing various aspects of Business Administration and International Business.
Business Administration can be simply described as all the activities and strategies which are part of running any business, vis-à-vis “providing customers with the goods and services they want”. In the more formal way, these activities can range from, but not limited to managing financial activities, marketing, human resource management and general management. Even in the contemporary field of business management which is a formal body of knowledge, these activities are the primary focus of business administration.
International Business on the other hand, is a more focused branch of business administration. International Business (or International Business Administration) is focused primarily on the aspects of business dealing with the international trade, foreign markets, gaining competitive advantages, trade with foreign countries etc. Since the core focus is on foreign markets, so the activities are also bit different than conventional business administration.
AN UNORTHODOX YET IMPORTANT COMPARISON
The comparison between International Business and Business Administration is unorthodox because it is