Business administration deals with the analysis and planning, implementation, monitoring and control of business policies.
The management of a business will be best understood by the following terms.
Self-management: When a person is responsible for giving orders to himself/herself.
Employee-management: When an individual is responsible for giving orders to other people.
Product-management: When the production process is being managed.
Project-management: When a project is being managed.
Time-management: When time is being managed.
Business management is the function and the process of maximizing the value of the firm. It is the field of business that involves creating and working to meet business goals and objectives. The primary focus of business management is to maximize the value of the firm, because it benefits both owners and employees.