4.02 PowerPoint

4.02 Understand business management activities and careers.

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?

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)

1. Top-level Managers2. Middle-level Managers3. First-line Managers OR

Supervisory Managers (sometimes called operational

managers)

1. Top-Level Managers:

• Set goals • Plan for the future

Examples• President

• Vice president• CEO (Chief Executive Officer)

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

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:

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

Examples• Supervisors• Team Leaders• Coaches• Unit Coordinators

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LEADINGLEADINGCONTROLLINGCONTROLLING

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

Four Functions of Managers

1. Planning• Setting company goals

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

• Deciding how the work will be accomplished

• Making correct decisions

Why is planning important?

2. Organizing Assigning managers

different tasks Coordinating activities. Knowing what the other

managers are doing

Why is organizing important?

3. LeadingCreating a vision for the companySetting standards Communicating company goals to employees

Providing guidanceResolving conflict among employees

How does Leading help a business?

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?

Some Business Management Careers

Administrative Services Manager

Construction Manager

Education Administrators

Farm Operations and Manager

Funeral Director

Loan Officers and Counselors

Health Service Manager

Hotel Manager Human Resources

(HR) Manager Public Relations

Manager

The Occupational Outlook Handbook Tells:

The training and education needed Earnings (Pay) Job Outlook Work Responsibilities (What They Do) Working Conditions (Environment) Job search tips Similar occupations Links to job markets in the each state &

more