1. The Scope of Management
Business Management

2. Today’s Lesson
OBJECTIVE
ESSENTIAL QUESTIONS
We will describe management roles, functions, skills and values as we begin studying the Scope of Management.
What is management?
What do managers do - specific tasks?
What should managers do - responsibilities?

3. What is Management?
What are words that comes to mind when you hear the word “management”?

4. The Scope of Management
What is management?
What are the specific tasks and responsibilities of management?

5. Tasks / Responsibilities
What is Management?
Definition
Tasks / Responsibilities
Ensuring that the business works
Making sure people want your products
Making sure business is running well – prices, profit, customer service
Process – multiple steps & keeps going
Quality
Pricing
Customer’s needs
Imports / exports
Marketing
Need for product

6. Functions of Management

7. Four Functions of Management
Planning
Organizing
Implementing
Controlling

8. Planning
Analyzing information and making decisions about what needs to be done

9. Organizing Determining how plans can be accomplished most effectively
Arranging resources to complete work
Includes staffing

10. Implementing Carrying out the plans
Helping employees to work effectively
More day-to-day management activities

11. Controlling
Evaluating results to determine if the company’s objectives have been accomplished as planned

12. Skills of Good Managers

13. Management Skills
What are the skills used to efficiently channel resources and resolve conflict?
What types of skills do you think managers should have?

14. Skills Managers Need Communication Skills Human Relations Skills
Teamwork Skills
Problem-Solving Skills
Organizational Skills

15. Closing Task
Describe the difference between managerial tasks and managerial responsibilities.
Include at least one example of each (task & responsibility).

16. Managing A Business
It is the responsibility of the business owner & managers to give the company direction.
This includes summarizing what the company does (purpose), what the company hopes to achieve (goals), and even its core values.
Consider the vision & mission statements of some of today’s biggest companies.

17. Managers Set Direction & Goals
MISSION STATEMENT
VISION STATEMENT
Short, specific statement that defines the purpose of the company.
Should answer the question “what do we do?”
Broader statement that describes the direction of the business
Should answer the question “what will we accomplish in the future?”

18. NIKE To bring inspiration and innovation to every athlete in the world
MISSION STATEMENT
VISION STATEMENT
To bring inspiration and innovation to every athlete in the world
To be number one athletic company in the world

19. WAL-MART To help people save money so they can live better
MISSION STATEMENT
VISION STATEMENT
To help people save money so they can live better
To become the worldwide leader in retailing

20. Worksheet On Your Own Identify 4 companies that interest you.
List the current mission statement and vision statement of each company – you may have to do some additional searching.
Referring to your definitions, analyze each statement to identify at least one strength and one area for improvement.