Meaning of the word "business management" in English

What does "business management" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

business management

US /ˈbɪz.nəs ˈmæn.ɪdʒ.mənt/
UK /ˈbɪz.nɪs ˈmæn.ɪdʒ.mənt/
"business management" picture

Noun

the process of organizing, planning, and analyzing business activities to run and manage a company effectively

Example:
She decided to major in business management at university.
Effective business management is crucial for the success of any startup.