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Business Management Portfolio

Business Management Portfolio. By: Mr. Dunlap. The process of deciding how to best use a company’s resources. Resources include but not limited to: Labor – Employees Money Equipment - Supplies. What is Management?. Interpersonal Dealing with people – being a “people person” Informational

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Business Management Portfolio

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  1. Business Management Portfolio By: Mr. Dunlap

  2. The process of deciding how to best use a company’s resources. Resources include but not limited to: • Labor – Employees • Money • Equipment - Supplies What is Management?

  3. Interpersonal • Dealing with people – being a “people person” • Informational • Having the knowledge and the skills needed to present to the employees • Decision-Making • Having the ability and courage to make the necessary changes Management Roles

  4. Conceptual • Skills that allow the manager to understand how different parts of the business work together • Human Relations • Ability to work with people – to motivate, to encourage, and to evaluate • Technical • Skills that help a manager perform his/her job Management Skills

  5. A principle is a basic law or truth. It guides us in our decision-making process • Principles are difficult to prove because unlike in science, people are variables that are hard to control What is a Principle?

  6. Glass Ceiling – invisible barrier that prevents women and minorities from moving into senior (top) management positions • It is improving but still not where it should be Women and Minorities in Management

  7. Entrepreneur – someone starts a business from scratch (ground up) and owns/controls every aspect of it – new idea- twist • Laundry 101 example • Professional manager is a person who works for someone else (does not own the company) – a position somewhere in the management pyramid • Intrapreneur – professional manager who is encouraged to act and think like an entrepreneur but again works for someone else – not risking his/her own money What is an entrepreneur?

  8. SBA – Small Business Administration is a government agency that assists small businesses • Small businesses are businesses that have fewer than 100 employees • 98% of all businesses are considered small businesses The Importance of Small Business

  9. Good Communicator • Decision Maker • Leader • Business Knowledge • Organized Traits of a Manager

  10. Planning • Deciding what needs to be done • Organizing • Breaking tasks into specific jobs • Staffing • Hiring the right (number) people to work for the company • Leading • Ability to motivate employees to do what needs to be done • Controlling • Evaluating what work well and what needs to change to better the business Managerial Tasks

  11. Senior • Also known as top management • CEO – Chief Executive Officer • Set the direction for the company to follow – Decision Makers • Middle • Department Heads/District Managers • VP of Accounting or Director of Human Resources • Decide on how to meet the goals that senior management sets • Supervisory • In-store managers – they are the ones you see in the store • Handle day-to-day operations of the company • Work most directly with employees and customers Levels of Management

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