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Do you agree "Business Management" and " Business administration" one concept or they are different ? if the same concept why they have two names?

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Question added by Ahmad Hawa , Consulting Director , NEWTECH .
Date Posted: 2014/07/21
Socrates Chinniah
by Socrates Chinniah , Manager - Strategic Planning , TechnipFMC India

The words on a glance may essentially convey the same ,but they are slightly different. There are also few overlap of the functions 

Business management -  Involves running the company with the required resources to provide benefits to the stakeholders , Also involves policy making and responsible for the overall direction of the company

Business administration - Involves running the company on a day to day operations for smooth functioning of the organisation and ensure the required policies , rules and procedures are in place as required by the management . 

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