Issuu on Google+

The Importance of Business Management

L/O/G/O .


“Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them� Paul Hawken Author Natural Capitalism


The Business World Today  Constant change!     

Technology Society Environment Competition Diversity


What is Management? ďƒ˜ The process of deciding how best to use a business’s resources to produce good or provide services

o Employees o Equipment o Money


Levels of Management • Senior management

• Middle Management

• Supervisory Management


The Management Pyramid • Click to edit Master text styles – Second level – Third level • Fourth level – Fifth level


The Management Process • • • • •

Planning Organizing Staffing Leading Controlling


Planning  Decides company goals and the actions to meet them  CEO sets a goal of for the Company  Top Management

Click to edit Master text styles

– Second level – Third level • Fourth level – Fifth level


Organizing •

Click to edit Master text styles

– Second level – Third level • Fourth level – Fifth level

Groups related activities together and assigns employees to perform them


Staffing Decides how many and what kind of people a business needs to meet its goals and then  Recruits  Selects  Trains the right people


Staffing


Leading Provides guidance employees need to perform their tasks

Click to edit Master text styles

– Second level – Third level • Fourth level – Fifth level


Controlling • Measures how the business performs to ensure that financial goals are being met • Analyzing accounting records • Make changes if financial standards not being met

Click to edit Master text styles

– Second level – Third level • Fourth level – Fifth level


Management Levels Vs. Function


Thank You! L/O/G/O .


Basics of Management