Presentation on theme: "Chapter 7: Business Management"— Presentation transcript:
1Chapter 7: Business Management Introduction to BusinessUnit 2: Business Ownership
2Section 7.2B: Is a Manager’s Job for You? Most managers begin as entry-level (beginner level) employees. As new employees gain expertise and show certain qualities, they may be promoted to higher positions, including management.
3Skills Needed by Managers Task-OrientedCan handle many tasks at onceAble to plan and prioritizeLevel-HeadedKeep accurate business recordsWork under pressureSolve problems / “put out fires”Emotionally IntelligentMust communicate well, especially listeningPossess human relations skills (skills in dealing with people)
4Skills Needed by Managers KnowledgeableHas a strong grasp of technical aspects of business“Sharpens the saw” through training and professional development“Big Picture” ThinkerUnderstands how parts of the business relate to the wholeKnows what is happening in world and industry
5Advantages of Being a Manager Higher salaryLeadership role / respectPrestige, influence, and authorityGreater control over own time
6Disadvantages to Being a Manager Blamed when things go wrongGreater demands on timeMore pressure to make right decisions
7Fast Break: Group Discussion Review the list of skills needed by managers. In which of these skill areas do you feel that you are the strongest? In which ones are you the weakest? Do you find that your group members have complementary skill sets?Pick one managerial skill and describe ways in which a student at TMA could develop and practice it. Be detailed in your description.Review the advantages and disadvantages of being a manager. In your opinion, would a managerial position be right for you? Explain your thoughts.