Business Administration, as it is seen in the Anglo-Saxon context, is different to the view held in continental Europe of business administration. It differs from management in two important aspects: Key focus of business administration is on the functional areas of an organisation (Marketing, Production, Finance etc.) and the functional management of these areas – and furthermore the basis of this management is the concept of shareholder value, which, in turn, only focuses on financial aspects. General management, defined as the overall management of an organisation, on the other hand, is not part of the Anglo-Saxon understanding of business administration and the various MBA-Programs.