Can someone tell me the difference between....

[Tret]

a business adminstration a business management degree?
Which degree would be more suitable when you own a business?
Also, what's the difference between joining a school like university of phoenix than a regular university? What are the advantages and disadvantages?

 

[Tret]

no one?

 

[Tret]

I just learned that....Business administration is work like human resources, business management is work related to doing stuff like supply chain control, maybe asset management.
Basically administration is dealing with people and management is dealing with the companies functions.

But, if you own a small business with a few stores which one would you choose and why?

 

[vi edit]

Really depends on the particular business. Most small business owners that I know don't even have degrees. Of the ones that do, they were accounting majors.

You don't need a college education to run a sucessful small business. You need people and operations skills that come from hands on experience instead of something taught in a classroom.

The best thing you can do is work for a small business owner and learn from their mistakes and sucesses.

 

[Tret]

I understand that exp>classroom but, what would benefit me more because my parents own a small businness and one day they might pass it down to me. Since, I want to get an education......what would be benefit me more when the day comes?

 

[gotsmack]

neither, if you want to start your own business you get a degree in entrepreneurship

 

[Whoozyerdaddy]

Originally posted by: Tret
I understand that exp>classroom but, what would benefit me more because my parents own a small businness and one day they might pass it down to me. Since, I want to get an education......what would be benefit me more when the day comes?

With that in mind I would suggest getting a degree in whatever interests you, even if it's not business related. You can learn how to run your parent's biz just by being there and paying attention. If they intend to pass the biz on to you they will have you run it for a while before they hand you the keys.

I've worked for three small businesses where I had daily interaction with the owner. Only one of them had a degree and that was in poly-sci.

 

[Kipper]

Management. Knowing the financial aspects of a business is key to its success. The people you hire are valuable as well, but I think people skills and the majority of the skills necessary for making hiring decisions will come with experience and age. Finance and supply/inventory skills, however, are more difficult to acquire with experience and are more key to the smooth operation of the business.

One bad employee won't take down a business, but bad money skills will kill you - you can experiment with the former, but the latter is harder to "play around" with.