Business Administration In the Assessment Year, the course Business Administration introduces students to key concepts, conceptual categories and current management theory. Business Administration focuses on a systemic-process-oriented understanding of management, organization and environment. Students learn about the main tasks, challenges and dilemmas of management. Lectures, exercises and independent studies are based on the tradition of St.Gallen management research and the St.Gallen Management Model (SGMM). This serves as a frame of reference, quasi as an mental map, in order to be able to classify and master today's management challenges in the context of their social, ecological, economic and technological environment. The goal is to convey an understanding as well as the fundamental knowledge for responsible integrative management and entrepreneurial behaviour. Particular focus is placed in the first year on business and management processes and the related issues of responsible organizational value creation (fall and beginning spring semesters) and on financial management with a focus on how to ensure and report the financial success of an enterprise (spring semester).