Duty 2
Motivation is a set of factors that influence an individuals actions toward accomplishing a goal. Managers can influence employee performance by understanding individual needs and providing rewards that satisfy those needs when employees accomplish work goals. A reward does not have to be money. People value things like praise, respect, an interesting job assignment, or a special luncheon or party. Good grades, CA Rocks certificate, Honor Roll, etc.
Human Resource Management (HRM) Performance Improvement- involves training and educating employees to insure high quality and efficient work. Performance Management-Managers must evaluate employees they supervise & use results to improve performance. Look at areas in which the employee can improve.
Business Plan Overview of the Business ▪ Business description, goals and objectives ▪ Characteristics of the economy ▪ Identification & analysis of customers & competition Business Operations ▪ Organization of the business ▪ Description of operation ▪ Personnel, equipment, and resources needed
Business Plan Marketing Activities/Market Analysis ▪ Determine the factors, conditions and characteristics of a market. ▪ Product, distribution, pricing & promotion decisions Financial Plan ▪ Startup costs ▪ Income, expense, and cash flow projections ▪ Budgets for 1-3 years Sources of Financing ▪ Friends/Family, Bank Loans, Partners, Sell Stock
Managers must be able to work effectively with others. Understand Others- Managers must recognize differences in employee needs, attitudes, and abilities. Communicate Effectively-A manager must communicate using several forms. Writing, speaking and listening.
Managers must be able to work effectively with others. Build Effective Teams- Team members support each other and offer help to others when needed. People who feel they are part of a team support each other to accomplish goals. Develop Employee Job Satisfaction-Employees who are satisfied with their job will want the business to be successful.