Business administration includes all aspects related to the operation of a business. These factors are always interlocking and related in diverse fields. There are many components that are brought together to make a business successful. It ranges from concepts of finance and cash flow, marketing and management of human resources. More importantly, there are aspects of business administration that are involved in managing a business.Managing a business has never been easier. More importantly, in the current competitive world, business administrators need to be well equipped with knowledge and understanding of best practices to manage the business. In addition, they should also be updated with the current trends in the business to inform their decisions related to the operation of the business. Through this, a business is able to reduce stiff competition and maintain momentum.Businesses are dynamic entities that are affected by the effects of minor changes in the consumption patterns of customers. This means that businesses are influenced by prevailing environmental and social factors. Anything that causes changes in customers’ consumption patterns affects businesses positively or negatively.
