Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the...
-
Upload
mervin-gibbs -
Category
Documents
-
view
213 -
download
1
Transcript of Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the...
![Page 1: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/1.jpg)
Functions of Management
Introduction to Business & Marketing
![Page 2: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/2.jpg)
ObjectivesUnderstand the purpose of management
Describe the functions of management
Identify skills needed by managers
Understand the levels of management
![Page 3: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/3.jpg)
What is Management?Entrepreneurs start off only
having to manage themselves.
If a company has employees, then a management plan is needed.
Management helps businesses focus on setting and meeting goals efficiently and effectively.
![Page 4: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/4.jpg)
Skills Needed by ManagersTask-Oriented
Time Management
InterpersonalProblem Solving
Communication
![Page 5: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/5.jpg)
Functions of ManagementThese functions are listed in the
order that they occur.
Some managers specialize in one or two functions.
![Page 6: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/6.jpg)
5 Functions of Management1. Planning2. Organizing3. Staffing4. Implementing/ Directing5. Controlling
![Page 7: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/7.jpg)
1. PlanningSetting goals and objectives
Making long- and short-term plans for meeting goals
Determining resources required and standards that must be met
![Page 8: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/8.jpg)
2. Organizing & 3. StaffingObtaining/coordinating
resources so that objectives can be met
Includes organizing people, work processes, and equipment
Staffing: May need to hire,
train, or fire employees as necessary
![Page 9: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/9.jpg)
4. Implementing/DirectingInfluencing,
guiding, and directing people to carry out their delegated tasks
Providing direction and vision
Also known as “leading” or “implementing”
![Page 10: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/10.jpg)
5. ControllingKeeping the company
on track and making sure goals are met
Setting standards for quality of work
Evaluating performance
Solving problemsMonitoring customer
satisfaction
![Page 11: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/11.jpg)
Levels of ManagementTop-Level Management
Middle Management
Operational Management
![Page 12: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/12.jpg)
Top-Level ManagementTop-Level Management:
Responsible for setting goalsPlanning for the futureLeading and controlling the work of others
![Page 13: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/13.jpg)
Middle ManagementMiddle Management:
Carries out the decisions of the top management
Often responsible for various departments
Responsible for organizing functions, leading and controlling the work of others
![Page 14: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/14.jpg)
Operational ManagementOperational Management:
Responsible for the daily operations of a business:
Office Managers Supervisors Crew Leaders
Main duty is over seeing workers and meeting deadlines
![Page 15: Introduction to Business & Marketing. Objectives Understand the purpose of management Describe the functions of management Identify skills needed by managers.](https://reader036.fdocuments.net/reader036/viewer/2022080916/56649e8a5503460f94b8f938/html5/thumbnails/15.jpg)
ActivityLook at organizational charts for
Starbucks and identify each level of management
Answer questions regarding the current Top-Management at McDonalds