Business Management Bishop Kearney High School Dr. Hays.

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Business Management Bishop Kearney High School Dr. Hays

Transcript of Business Management Bishop Kearney High School Dr. Hays.

Page 1: Business Management Bishop Kearney High School Dr. Hays.

Business Management

Bishop Kearney High School Dr. Hays

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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

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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?

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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

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Planning

Act or process of creating goals and objectives

Involves figuring out the resources needed

Determine standards to be met

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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

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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

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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

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Controlling

Keep company on track Make sure goals are met

What do managers track?– Budgets– Schedules– Quality of products and services– Employees– Customer satisfaction

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Homework

Write a one page paper and answer the question:

Why is there more to leading than giving orders?