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?