Presentation is loading. Please wait.

Presentation is loading. Please wait.

Preparing and Planning to Manage Back to Table of Contents.

Similar presentations


Presentation on theme: "Preparing and Planning to Manage Back to Table of Contents."— Presentation transcript:

1 Preparing and Planning to Manage Back to Table of Contents

2 Preparing and Planning to Manage 2 Chapter 14 Preparing and Planning to Manage Entrepreneur or Manager? Management Styles and Skills

3 Preparing and Planning to Manage 3 Discuss the difference between the entrepreneurial role and the management role of a new business owner. Identify the key management functions. List and explain the key elements in a positive business climate. Section 14.1 Entrepreneur or Manager? 14.1

4 Preparing and Planning to Manage 4 To be successful in a new business, an entrepreneur must perform management functions and establish a positive working climate. Section 14.1 Entrepreneur or Manager? 14.1

5 Preparing and Planning to Manage 5 manager planning strategic plans tactical plans operational plans organizing directing Section 14.1 Entrepreneur or Manager? 14.1 controlling quality control program climate image team building communication

6 Preparing and Planning to Manage 6 Managers, Leadership, and Teamwork Each person in a business is a valuable resource. Everyone works together toward a common goal. Section 14.1 Entrepreneur or Manager?

7 Preparing and Planning to Manage 7 Entrepreneur and Manager Once you open your business, you wear two hats: that of an entrepreneur and that of a manager. manager a person who is responsible for directing and controlling the work and personnel of a business, or a particular department within a business Section 14.1 Entrepreneur or Manager?

8 Preparing and Planning to Manage 8 Performing Management Functions When managers are managing, they use a series of activities called management functions to achieve their objectives. Section 14.1 Entrepreneur or Manager? planning directing organizing controlling

9 Preparing and Planning to Manage 9 Planning The first step in managing is planning, determining your business’s objectives and how you are going to reach them. planning the act of setting goals, developing strategies, and outlining tasks and timelines to meet those goals Section 14.1 Entrepreneur or Manager?

10 Preparing and Planning to Manage 10 Planning The three levels of planning are: Section 14.1 Entrepreneur or Manager? strategic plans tactical plans operational plans

11 Preparing and Planning to Manage 11 Planning Strategic plans are long- term plans that don not usually include a specific target date. strategic plans long- range objectives based on long-term goals used to map out a business for three to five years Section 14.1 Entrepreneur or Manager?

12 Preparing and Planning to Manage 12 Planning Tactical plans are medium-range plans that help ensure that you accomplish specific objectives to meet your plans. tactical plans midrange objectives that focus on a period of one year or less, built on specific objectives with target dates Section 14.1 Entrepreneur or Manager?

13 Preparing and Planning to Manage 13 Planning Operational plans are short-term plans that bring tactical plans to life. operational plans short-term objectives that help achieve tactical plans, including policies, rules and regulations, and budgets for day-to- day operations Section 14.1 Entrepreneur or Manager?

14 Preparing and Planning to Manage 14 Organizing Organizing people, equipment, materials, and other resources is an essential part of managing. organizing the grouping of resources in combinations that will help you reach your objectives Section 14.1 Entrepreneur or Manager?

15 Preparing and Planning to Manage 15 Directing Directing the efforts of your people and resources will help your company accomplish its planned objectives. directing the process of guiding and supervising employees, often one-on- one, while they work Section 14.1 Entrepreneur or Manager?

16 Preparing and Planning to Manage 16 Controlling The final step in managing, controlling, helps you take corrective action if things are not working out as planned. controlling the process of comparing expected results (objectives) with actual performance Section 14.1 Entrepreneur or Manager?

17 Preparing and Planning to Manage 17 Controlling A quality control program can prevent problems. quality control program a set of measures built into the production process to make sure that products or services meet certain standards and performance requirements Section 14.1 Entrepreneur or Manager?

18 Preparing and Planning to Manage 18 Establishing a Positive Climate The climate that exists in a new business is linked to the tone the manager sets. climate the prevailing atmosphere or attitude in a business Section 14.1 Entrepreneur or Manager?

19 Preparing and Planning to Manage 19 Establishing a Positive Climate The three elements of a positive business climate are: Section 14.1 Entrepreneur or Manager? image team building communication

20 Preparing and Planning to Manage 20 Image To begin building a positive business climate, strengthen your company’s image with customers and in the community. image the mental picture and feelings people have when thinking about a business or its products or services Section 14.1 Entrepreneur or Manager?

21 Preparing and Planning to Manage 21 Team Building Team building contributes to a positive climate by allowing employees to pursue common goals. team building the act of encouraging teamwork through activities designed to foster respect, trust, cooperation, camaraderie, and communication among employees Section 14.1 Entrepreneur or Manager?

22 Preparing and Planning to Manage 22 Communication Effective staff communication takes place in an atmosphere of respect and trust. communication the process of exchanging information Section 14.1 Entrepreneur or Manager?

23 Preparing and Planning to Manage Discuss the difference between the entrepreneurial role and the management role of a new business owner. Section 14.1 Entrepreneur or Manager? In the entrepreneurial role, the emphasis is on starting the business. The management role focuses on growing and expanding the business and involves coordinating the people, processes, and resources. 14.1

24 Preparing and Planning to Manage Identify the key management functions. Section 14.1 Entrepreneur or Manager? The key management functions are planning, organizing, directing, and controlling. 14.1

25 Preparing and Planning to Manage List and explain the key elements in a positive business climate. Section 14.1 Entrepreneur or Manager? The key elements in a positive business climate are image (the mental picture and feelings people have when they think about the business), team building (activities designed to encourage teamwork), and communication (the process of exchanging information). 14.1

26 Preparing and Planning to Manage 26 Name the three basic management styles. List the skills needed for managing. Explain the principles of management excellence. Section 14.2 Management Styles and Skills 14.2

27 Preparing and Planning to Manage 27 To manage successfully and excel in leadership situations, you must establish a management style and draw on a specific set of skills. Section 14.2 Management Styles and Skills 14.2

28 Preparing and Planning to Manage 28 situational management human relations nonverbal communication networking Section 14.2 Management Styles and Skills 14.2 time management conceptual skills cooperative advertising advertising agency

29 Preparing and Planning to Manage 29 Adopting a Management Style Management style is the manner in which you approach your management responsibilities. Section 14.2 Management Styles and Skills

30 Preparing and Planning to Manage 30 Adopting a Management Style The three styles of management are: Section 14.2 Management Styles and Skills power-oriented routine-oriented achievement-oriented

31 Preparing and Planning to Manage 31 Adopting a Management Style Good managers use situational management as a supplement to their basic approach. situational management the style of adapting the management approach to particular circumstances Section 14.2 Management Styles and Skills

32 Preparing and Planning to Manage 32 Developing Management Skills To manage activities successfully, you must draw on a specific set of skills. These skills can be gained through education and training and improved with practice and experience. Section 14.2 Management Styles and Skills

33 Developing Management Skills Section 14.2 Management Styles and Skills 33 human relations communication networking math problem solving and decision making technical time management conceptual Fundamental Management Skills

34 Preparing and Planning to Manage 34 Human Relations Human relations skills, considered the most important of the management skills, are tied closely to communication skills. human relations the study of how people relate to each other Section 14.2 Management Styles and Skills

35 Preparing and Planning to Manage 35 Communication Nonverbal communication is one of the communication skills essential to effective planning, organizing, directing, and controlling. nonverbal communication communication not involving words, transmitted through actions and behaviors, such as facial expressions, gestures, posture, and eye contact Section 14.2 Management Styles and Skills

36 Preparing and Planning to Manage 36 Networking You can use business networking to discuss mutual opportunities, solve problems, and share or maximize resources. networking the process of building and maintaining informal relationships with people whose friendship could bring business opportunities Section 14.2 Management Styles and Skills

37 Preparing and Planning to Manage 37 Time Management Time management can help managers because at any given time, managers may have several objectives to accomplish. time management the process of allocating time effectively Section 14.2 Management Styles and Skills

38 Preparing and Planning to Manage 38 Time Management Time management techniques include: Section 14.2 Management Styles and Skills Set and prioritize goals. Delegate work when possible. Plan to spend specific blocks of time on specific activities. Schedule activities on a planning calendar. Schedule most important work for times you do your best work. Group activities for most efficient use of time. Handle or eliminate interruptions.

39 Preparing and Planning to Manage 39 Conceptual Skills As a small business owner/manager, your conceptual skills enable you to appreciate how day- to-day decisions affect your business’s future. conceptual skills skills that enable a manager to understand concepts, ideas, and principles Section 14.2 Management Styles and Skills

40 Principles of Management Excellence Section 14.2 Management Styles and Skills 40 Take action. Listen to customers. Encourage employees to act independently Stress respect. Keep operations under control. Instill commitment to values and objectives. Keep organization simple, flexible, efficient. Keep business focused on what it does best.

41 Preparing and Planning to Manage Name the three basic management styles Section 14.2 Management Styles and Skills The three basic management styles are power- oriented, routine-oriented, and achievement- oriented. 14.2

42 Preparing and Planning to Manage List the skills needed for managing. Section 14.2 Management Styles and Skills The skills needed for managing are human relations, communication, networking, math, problem solving and decision making, technical, time management, and conceptual. 14.2

43 Preparing and Planning to Manage Explain the principles of management excellence. Section 14.2 Management Styles and Skills The principles of management excellence are take action rather than overanalyze plans; listen to customers and put yourself in their shoes; encourage employees to act independently, be innovative, and treat the business as if it were their own; stress respect for the individual; instill commitment to values and objectives by staying in touch with employees; keep the business focused on what it does best; keep the organization simple, flexible, and efficient and do not overstaff; and keep operations under control and keep an eye on detail. 14.2

44 Preparing and Planning to Manage 44 Section 14.2 Management Styles and Skills 44 Technology has made it easier for businesses to have workers who work out of the office. Virtual office can help a company save money as workers telecommute, have e-meetings, and use instant messaging. Managing a Virtual Workforce

45 Preparing and Planning to Manage 45 Section 14.2 Management Styles and Skills 45 Tech Terms e-meeting a meeting that takes place online or via a telephone conference call groupware software designed to be used by more than one person at more than one location

46 Preparing and Planning to Manage 46 Section 14.2 Management Styles and Skills 46 Tech Terms instant messaging a software application that allows real-time communication between two or more people through a network telecommute to work outside an office on a computer linked to the workplace via a modem

47 Preparing and Planning to Manage Back to Table of Contents End of


Download ppt "Preparing and Planning to Manage Back to Table of Contents."

Similar presentations


Ads by Google