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The Scope of Management

The Scope of Management. Business Management. 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?

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The Scope of Management

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  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. 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 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 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.

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