1. Chapter 6: Business Structures
Managing a Successful Business
Specialized Forms of Organizations

2. Managing a Successful Business The 5 Management Functions
Planning—
thinking, gathering, analyzing information, decision-making, goal-setting

3. Management Functions
2. Organizing—
Determining what work has to be done and who is to do each job.
See organization chart on page 72

4. Management Functions 3. Staffing
Finding, selecting, hiring, appraising, and rewarding the business’s employees

5. 4. Leading— Inspiring workers to perform their jobs well
Management Functions
4. Leading—
Inspiring workers to perform their jobs well

6. 5. Controlling Comparing plans with what actually happened
Management Functions
5. Controlling
Comparing plans with what actually happened

7. Specialized Forms of Business
Franchises (Subway)
Cooperatives (Food Cooperatives)
Non-Profit Corporations (hospitals, schools, American Red Cross)