Business Management Bishop Kearney High School Dr. Hays.
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Transcript of Business Management Bishop Kearney High School Dr. Hays.
Business Management
Bishop Kearney High School Dr. Hays
Introduction to Management
Entrepreneurs manage themselves If there are employees, management
plans are necessary What is management?
– The process or function of:Planning OrganizingLeading controlling
The Importance of Management
Helps businesses focus– Set and meet goals efficiently and effectively– Develop objectives for organizations
Thorough understanding of management
Is management the same thing as leadership?
Four Functions of Management
Planning Organizing Leading Controlling
Carried out in the order they appear Challenge is dealing with multiple
objectives Communication ensures objectives are
met
Planning
Act or process of creating goals and objectives
Involves figuring out the resources needed
Determine standards to be met
Organizing (and Staffing)
Getting resources arranged– Orderly and functional
Managers must organize:– People– Work processes– Equipment
Also hire and train employees (and fire) Tools for jobs
Levels of Management
Determine how individuals relate to one another– Organizational chart– http://www.pacestar.com/organizational-charts
.htm Top-level managers
– Sets goals and plans for the future Middle Managers
– Responsible for various departments– Organizes and leads others– Carry out plans
Operational manager– Daily operations– Supervisors, office managers, crew leaders– Oversee workers and meet deadlines
Leading
More than just giving orders Provide direction and vision of company
– Inspires employees– Set standards– Delegate work– Enforce policies– Oversee time management– Provide feedback– Resolve conflicts
Controlling
Keep company on track Make sure goals are met
What do managers track?– Budgets– Schedules– Quality of products and services– Employees– Customer satisfaction
Homework
Write a one page paper and answer the question:
Why is there more to leading than giving orders?