Business Management Bishop Kearney High School Dr. Hays.
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Transcript of Business Management Bishop Kearney High School Dr. Hays.
![Page 1: Business Management Bishop Kearney High School Dr. Hays.](https://reader035.fdocuments.in/reader035/viewer/2022072014/56649e8a5503460f94b8f8da/html5/thumbnails/1.jpg)
Business Management
Bishop Kearney High School Dr. Hays
![Page 2: Business Management Bishop Kearney High School Dr. Hays.](https://reader035.fdocuments.in/reader035/viewer/2022072014/56649e8a5503460f94b8f8da/html5/thumbnails/2.jpg)
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?