Administration involves objective formulation, policymaking, and determining the fundamental framework of an organization. It represents the top layer of management. Management involves achieving goals through planning, organizing, leading, motivating, and controlling resources. While administration focuses on decision making and the entire organization, management focuses on implementation within the policy framework and specific subsystems. Administration deals with external factors, conceptual skills, and non-business institutions, whereas management deals with internal factors, technical skills, and business enterprises. They are similar in some functions but differ in scope, objectives, level, and influencing factors.