Presentation on theme: "Functions of Management Mrs. Nations Introduction to Business and Technology."— Presentation transcript:
Functions of Management Mrs. Nations Introduction to Business and Technology
Management Is the process of coordinating resources in order to accomplish an organization’s goals Is carried out by a supervisor, manager or management team
Supervisors & Managers Conduct the management process Set goals for the business Guide the activities of the business Keep the business moving toward set goals Make things happen, but do not usually perform actual jobs in departments or businesses Are responsible for seeing the work is completed
Management Efficiency means doing the task right is the ability to do something well or achieve a desired result without wasted energy or effort refers to the relationship between inputs and outputs
Management Effectiveness means doing the right task translates into obtaining business goals is not always efficient
Management Tip To be a good supervisor you must be concerned with both reaching goals and doing so in an efficient manner
Supervisors & Managers Control the following: human resources financial resources material resources information resources Direct others using various management styles
Tactical Management Directive Approach to management Makes major decisions Stays in close contact with employees
Strategic Management Less directive and controlling then tactical management The team works together to make decisions Trust the employees to work without direct supervision.
Mixed Management Using a combination of both Tactical and Strategic Management Effective managers are prepared to use both styles of management!
Management Tip The best managers and supervisors are able to use situational management Situational management occurs when a manager or supervisor can adapt the management approach to a particular circumstance