BUSINESS ADMINISTRATION, MANAGEMENT AND GOVERNANCE: ARE THEY SYNONYMS
DOI:
https://doi.org/10.55439/EIT/vol12_iss2/a8Keywords:
business administration, management, management, operations, planning, organization, coordination, decision making, accountability, leadership.Abstract
Business administration, management and management are related concepts in the field of business, but are not synonymous. In this article, we will look at the nuances of business administration, management and management, highlighting their unique characteristics and relationships. We'll dive into the definitions of each concept, examine their role in organizations, and shed light on how they contribute to organizational excellence.
Throughout this article we will emphasize the interconnectedness of these concepts. Although business administration, management and management have different roles, they rely on each other to create a well-functioning organization. Effective implementation of management principles supports management practice, which in turn contributes to successful business administration.
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