Presentation on theme: "4.02 Understand business management activities and careers."— Presentation transcript:
1 4.02 Understand business management activities and careers. 4.02 PowerPoint Part I4.02 Understand business management activities and careers.
2 What is business management? Business management is the direct control of a business or enterprise. It means working with people and using resources effectively and efficiently to accomplish organizational goals.
3 Who performs management functions? Every business, large or small has managers. Their overall job is to make sure that the organization meets its goals and obligations.
4 Levels of Business Management (Managers) Top-level ManagersMiddle-level ManagersFirst-line Managers OR Supervisory Managers(sometimes called operational managers)
5 1. Top-Level Managers: Set goals Plan for the future Examples PresidentVice presidentCEOTop-level managers usually consist of a small group of people or even one person.
6 2. Middle-level Managers Carry out the decisions of top-level management. They are responsible forPlanning and controlling an operation. ExamplesPlant managersDepartment heads
7 3. First-Line Managers:Direct the day-to-day activities of operational employees.ExamplesSupervisorsTeam LeadersCoachesUnit Coordinators
8 Four Functions of Managers Business management activities are classified as one of the four functions of management.PLANNINGORGANIZINGCONTROLLINGLEADING
9 Why is planning important? Setting company goalsDeciding what must be done (Top-level managers),Deciding who will do whatDeciding how the work will be grouped, andWhy is planning important?
10 Why is organizing important? Assigning managers different tasksCoordinating activities.Knowing what the other managers are doingWhy is organizing important?
11 How does Leading help a business? Creating a vision for the companySetting standardsCommunicating company goals to employeesProviding guidanceResolving conflict among employeesHow does Leading help a business?
12 4. Controlling Keeping the company on track Making sure all goals are met.How does Controllinghelp the business?Check your understanding!Which of the four management functions do you think you could BEST perform? Why?
13 Check your understanding! The FBLA president falls under which level of management?