business administration
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business administration
A field that deals with economic processes and decisions in companies. It is both an academic discipline (often abbreviated as BWL in German) and the practical application of this knowledge in management.
Er hat an der Universität Betriebswirtschaft mit Schwerpunkt Marketing studiert.
He studied business administration at university with a focus on marketing.
This word is made up of 'der Betrieb' (business/company) and 'die Wirtschaft' (economy). It therefore describes the study of how an individual company functions economically.
Die Betriebswirtschaft analysiert alle Prozesse innerhalb einer Firma.
Business administration analyzes all processes within a company.
In everyday language and especially at universities, the abbreviation 'BWL' is almost always used for 'Betriebswirtschaftslehre' (business administration). 'Betriebswirtschaft' (business administration) and 'BWL' are often used synonymously when referring to the field of study.
Meine Schwester studiert BWL im vierten Semester in Berlin.
My sister is studying BWL in her fourth semester in Berlin.
The word is most often used in the context of education and university studies. The typical combination is 'Betriebswirtschaft studieren' (to study business administration).
Immer mehr junge Leute wollen Betriebswirtschaft studieren.
More and more young people want to study business administration.
economy / pub
'die Wirtschaft' and 'die Betriebswirtschaft' both have to do with economic topics. 'Wirtschaft' means the big picture: for example, the economy of a country or region, or in general the system of production, work, trade, and consumption. 'Betriebswirtschaft', on the other hand, means business administration: economic questions within a company, such as costs, planning, sales, and management. Learners may confuse the words because they sound very similar. As a simple guide: 'Wirtschaft' is broad; 'Betriebswirtschaft' relates to businesses and companies.
Jonas studiert Betriebswirtschaft, weil er später ein eigenes Unternehmen führen möchte.
Jonas is studying business administration because he wants to run his own company later.
Die Regierung will die Wirtschaft mit neuen Investitionen stärken.
The government wants to strengthen the economy with new investments.