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4.02 PowerPoint Part I. 4.02 Understand business management activities and careers. What is business management?.

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4.02 PowerPoint Part I

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4 02 powerpoint part i

4.02 PowerPoint Part I

4.02 Understand business management activities and careers.


What is business management

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.


Who performs management functions

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.


Levels of business management managers

Levels of Business Management (Managers)

  • Top-level Managers

  • Middle-level Managers

  • First-line Managers OR Supervisory Managers

    (sometimes called operational managers)


1 top level managers

1. Top-Level Managers:

  • Set goals

  • Plan for the future

    Examples

    • President

    • Vice president

    • CEO

      Top-level managers usually consist of a small group of people or even one person.


2 middle level managers

2. Middle-level Managers

  • Carry out the decisions of top-level management. They are responsible for

  • Planning and controlling an operation.Examples

    • Plant managers

    • Department heads


3 first line managers

3. First-Line Managers:

  • Direct the day-to-day activities of operational employees.

    Examples

    • Supervisors

    • Team Leaders

    • Coaches

    • Unit Coordinators


4 02 powerpoint part i

Four Functions of Managers

Business management activities are classified as one of the four functions of management.

PLANNING

ORGANIZING

CONTROLLING

LEADING


1 planning

1. Planning

  • Setting company goals

  • Deciding what must be done (Top-level managers),

  • Deciding who will do what

  • Deciding how the work will be grouped, and

    Why is planning important?


2 organizing

2. Organizing

  • Assigning managers different tasks

  • Coordinating activities.

  • Knowing what the other managers are doing

    Why is organizing important?


3 leading

3. Leading

  • Creating a vision for the company

  • Setting standards

  • Communicating company goals to employees

  • Providing guidance

  • Resolving conflict among employees

    How does Leading help a business?


4 controlling

4. Controlling

  • Keeping the company on track

  • Making sure all goals are met.

    How does Controlling

    help the business?

  • Check your understanding!

    Which of the four management functions do you think you could BEST perform? Why?


4 02 powerpoint part i

  • Check your understanding!

    The FBLA president falls under which level of management?


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