3 Read to LearnDescribe the overall purpose of management.Discuss the four functions of management.
4 The Main IdeaThe purpose of management is to set goals for the company and to help meet those goals as efficiently and effectively as possible. There are four functions of management: planning, organizing, leading, and controlling.
5 Key ConceptsIntroduction to ManagementThe Four Functions of Management
6 Key Termthe process or functions of planning, organizing, leading, and controllingmanagementthe act or process of creating goals and objectives as well as the strategies to meet themplanning
7 Key Termgetting the resources arranged in an orderly and functional way to accomplish goals and objectivesorganizinga chart that shows how the firm is structured and who is in charge of whomorganizational chart
8 Key Terma manager who is responsible for setting goals and planning for the future as well as leading and controlling the work of otherstop-level manager
9 Key Termmiddle managera manager who carries out the decisions of top managementoperational managera manager who is responsible for the daily operations of a business
10 Key Termleadingproviding direction and visionkeeping the company on track and making sure goals are metcontrolling
11 Discussion StarterReview the definition of management and the processes or functions of planning, organizing, leading, and controlling. Why is management necessary?
12 Introduction to Management If a firm has employees, then some type of management is necessary.managementthe process or functions of planning, organizing, leading, and controlling
13 Management Responsibilities Meeting Goals Efficiently Graphic OrganizerManagement ResponsibilitiesMeeting Goals EfficientlyFocusing on GoalsProfit Made
14 The Four Functions of Management The four functions of management are:PlanningOrganizingLeadingControllingSome managers may primarily focus on one or two of these functions.
16 The Four Functions of Management A challenge for many managers is dealing with multiple objectives, each at a different functional level.Communicating with employees at all times helps assure that objectives are met.
17 PlanningPlanning involves figuring out the resources that are needed and the standards that must be met.planningthe act or process of creating goals and objectives as well as strategies to meet them
18 Organizing and Staffing A manager is responsible for organizing people, work processes, and equipment.organizinggetting the resources arranged in an orderly and functional way to accomplish goals and objectives
19 Organizing and Staffing A manager may be involved in creating an organizational chart.organizational charta chart that shows how the firm is structured and who is in charge of whom
20 Organizing and Staffing A small firm may have only one top-level manager.top-level managera manager who is responsible for setting goals and planning for the future as well as leading and controlling the work of others
21 Organizing and Staffing Middle managers are often responsible for various departments in a business.middle managera manager who carries out the decisions of top managers
22 Organizing and Staffing Supervisors, office managers, and crew leaders are types of operational managers.operational managera manager who is responsible for the daily operations of a business
23 Leading Leading involves: Setting standards Delegating work Enforcing policiesResolving conflictsleadingproviding direction and vision
24 Skill PracticeWhy are the company’s goals and objectives important when managers make decisions about organizing and staffing?
25 Showing a Strong Work Ethic Graphic OrganizerHow Good Managers Lead by ExampleShowing RespectShowing HonestyShowing LoyaltyShowing CourtesyShowing a Strong Work EthicShowing MotivationShowing InitiativeShowing CooperationShowing Punctuality
26 Writing SupportLocate and print 2 examples of organizational charts and write a paragraph for each chart describing your observations about the charts.
27 ControllingControlling involves several tasks, including monitoring customer satisfaction.controllingkeeping the company on track and making sure goals are met
28 Graphic Organizer Controlling Keeping track of budgets Keeping track of schedulesMonitoring the quality of products or servicesMonitoring and reviewing employee performanceTaking corrective action when goals are not metMonitoring customer satisfaction
29 Incentive PlansSome companies try to motivate employees with incentives such as on-site child care and bonuses.
30 You and your friend, Jeremiah, were helping your little brother figure out how to make molded cars from melted crayons using a kit you gave him. You decide to sell the cars at a local toy shop. Jeremiah wants to be a partner in your business.Decision Making Since Jeremiah was involved in the initial experiment, do you have an obligation to make him a partner? What about your little brother?
31 AnswerStudents might suggest that both Jeremiah’s and the little brother’s input into the process of making the cars should be rewarded in some way, especially if their ideas result in sales and profits. Having partners can help an entrepreneur launch and grow a business. However, disagreement among partners can sometimes present significant roadblocks to success.
32 What is management?The aspect of business that involves planning, organizing, leading, and controlling.
33 What are three levels of management? top, middle, and operational
34 Which of the three levels is most involved in the day-to-day supervision of employees? operational management
35 Closing ActivityForm 4 groups. Each group will be assigned of the functions of management your group will develop a presentation about how their functions relates to the others. Presentations will be held on Dec 2, 2009