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Business economists control and monitor processes and economic processes! Competent and experienced business economists are at work in almost all areas of our economic system. Business administration is a sub-discipline of economics. The general business administration deals with the organizational, computational decisions. It provides an overview of interdisciplinary topics such as financing, production and investment. The prices occurring in markets are an expression of this scarcity. A distinction is made here between the minimum and maximum principles. The corporate goals are also of great importance as the basis for all entrepreneurial activity. The corporate goals are set on the basis of the company’s mission statement and are a kind of orientation for all employees in the company, especially for the management or the executive staff. The company goals can be differentiated according to the goal content, goal extent, time reference and target bearer. One differentiates into the value goals / formal goals (profitability , growth etc.), the material goals (for realization) and the human goals (social relationships). The quantitative goals include increasing profits and the qualitative goals increasing customer satisfaction through better service. In addition to the basics, the content such as the business performance process, the legal subjects and the legal framework (contract law, purchase contract, employment contract, etc.) are dealt with. Other majors are marketing and sales organization, procurement planning and materials management as well as the forms of payment transactions. Topics such as the legal forms of companies, investment and financing, tax types, personnel planning and forms of remuneration as well as office organization are examined in more detail.
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The economics course is one of the most popular courses among students and is now offered at almost every university or university of applied sciences. As a student it is important to stand out from other fellow students with very good academic performance. These include in particular the areas:
General business studies
Management & corporate management
Supply chain management
Sales / distribution
Did you know that business administration has been one of the most popular subjects in USA for many years? Because after graduation you usually expect very good job and salary prospects. After completing your business studies, you are a trained generalist.
Business administration in the area of personnel management
Presentations are also required in HR management for economic topics. In the departments of personnel management and personnel placement, there are different topics related to personnel support. With the Bachelor with a focus on HR management, you are prepared for it.
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