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Business Management. Chapter 1: An Introduction. Management Tasks. Planning – decides goals and actions to take Organizing – groups activities, assigns personnel Staffing – recruiting, hiring, firing, transfers Leading – communication and guidance
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Business Management Chapter 1: An Introduction
Management Tasks • Planning – decides goals and actions to take • Organizing – groups activities, assigns personnel • Staffing – recruiting, hiring, firing, transfers • Leading – communication and guidance • Controlling – analyze accounting records, make financial decisions
Management Roles • Interpersonal – relationship builder, figurehead, leader • Knowledge Source – teacher, monitor, communicator • Decision Maker – entrepreneur, conflict resolver, resource allocator, negotiator
Levels of Management • Senior Mngt. – big picture operation of company • Middle Mngt. – facilitate senior mngt. goals, often have area of specialty or geographic area under control • Supervisory Mngt. – hands on, day to day operation of the business
