Introduction to Management

1. Chapter 1 Introduction to Management

2. -Bill Gates Chairman and Chief Software Architect, Microsoft “Companies fail when they become complacent and imagine that they will always be successful. So we are always challenging ourselves. Even the most successful companies must constantly reinvent themselves”

3. Workplace Connections • What do you think of the demands Bill Gates places on his colleagues? What do you think of this management approach?

4. Section 1-1 The Importance of Business Management

5. What you’ll learn…… • What management is • The three levels of management • The management process • Three types of management skills • The principles of management • The role of women and minorities in management

6. Key Terms • Management • Senior Management • Middle Management • Supervisory Management • Role • Conceptual Skills • Human Relations Skills • Technical Skills • Principle • Glass Ceiling

7. Why is this Important To understand how businesses make decisions, you will need to understand how management works.

8. What is Management The process of deciding how best to use a business’s resources to produce goods or provide services.

9. Levels of Management • Senior Management • Highest Level • Establishes Goals or Objectives • Decision of Actions needed/taken • Use of Resources • Middle Management • Meeting Goals • Department Head/ Sales Managers • Supervisory Management • Lowest Level • In Charge of Day to Day Operations Run Smoothly • Head the people who are doing the physical production

10. The Management Pyramid

11. Schools are Management Examples • Superintendent • Top Management • Principals • Middle Management • Department Head • Supervisory Management

12. When evaluating the success of a company, can lower levels of management be viewed as equal to or more important than senior management? Why or why no?

13. The Management Process • What a manager does can be examined in three different ways. • The tasks performed. • The roles taken on. • Type of skills required.

14. Management Tasks • Planning • Decides on a Companies Goals • Organizing • Groups related activities together and assigns employees to perform • Staffing • Decides how many and what kind of people a business need to meet its goals and then recruits, selects, and trains the right people • Leading • Provides the guidance employees need to perform their tasks. • Controlling • Measures how the business performs to ensure that financial goals are being met.

15. A set of behaviors associated with a particular job. Role For Example: Role in a Movie

16. Relative Amount of Emphasis Placed on Each Function of Management Which Level spends the most time controlling?

17. Management Roles • Information-Related Roles • Monitor • Rec. and Collects Information • Communication • Distributes Information within • Spokesperson • Distributes Information Externally • Interpersonal Roles • Figurehead • Official rep of the org. • Relationship Builder • Interacts with others outside or within • Leader • Guides and Motivates • Decision Making Roles • Entrepreneur • Initiates Changes • Disturbance Handler • Decision on Conflicts should be resolved • Resource Director • How to use resources • Negotiator • Negotiates Contracts

18. Management Skills • Conceptual Skills • Helps managers Understand how different parts of business relate to one another and to the business as a whole • Decision Making • Human Relations Skills • Need to understand and work well with people. • Interviewing • Technical Skills • Specific abilities that people use to perform their jobs • Designing a Brochure

19. When are Human Relations Skills most Important?

20. Principles of Management • A principle is a truth or law. • Management principles are rules by which managers make decisions. • Scientists proved scientific principles through controlled experiments. • Most management principles are developed through observation and deduction. • Management principles are more likely to change than specific principles. • When management principles need to be changed, it is important for a manager to be able to change and adapt. • Arriving to work at the same time every day and wearing certain kinds of clothes to work are examples of management principles that are changing.

21. Woman and Minorities in Management • Until the 1980’s and 90’s, managers of most large and medium-sized U.S. businesses were almost exclusively white males. • Women and minorities filled primarily service, support, and menial jobs. • Management principles regarding women and minorities are changing, and they are now serving in senior management such as CEO. • Women and minorities often face a glass-ceiling– an invisible barrier that prevents them from moving up in the world of business. • Women and minorities who are promoted can also provide more opportunities to promote women and minorities.

22. Assignments for End of Section Management Careers Edmodo Journal Writing Why: Your ideas about Management How On Edmodo Date and Question What does the word manager mean to you? List 5 Words What does it take to be a great Manager? What Skills and attributes do you possess that would make you a great manager? • We are going to create a PowerPoint of Management Careers • First Slide • Management Careers • By Your Name • Second Slide • Name of Career • Nature of Work • Working Conditions • Training/Other Qualifications • Salary Range

23. Section 1.2 Entrepreneurship

24. Professional managers are paid to manage companies, but they don’t own them. Businesses are started and run by entrepreneurs. • This section discusses • What Is an Entrepreneur? • Entrepreneurs in Large and Medium-Sized Businesses • The Importance of Small Businesses

25. Items of Importance • What entrepreneurs do. • The difference between managers and entrepreneurs. • The need for entrepreneurship and innovation in large and medium-size companies. • The importance of small businesses.

26. Do you really want to own your own business or would your rather work for someone else? Why is it Important?

27. Key Terms • Professional Manager • Senior, middle and supervisor managers are all • Entrepreneurs • People who launch and run their own businesses. • Small Business • A company that is independently owned and operated.

28. What are some____ of Entrepreneurs? Characteristics Problems faced Money Working with Employees Not enough work Location Having original idea Sales Future Advertising Having people coming to you • Leadership • Listening Skills • Personal Skills • Intelligence • Hard Worker • Determination • Friendliness • Risk Taker • Motivated

29. Entrepreneur in Large/Medium Businesses • Pushed Managers • Take more risks • Become more innovative • Dell Inc • CEO and Cofounder Michael Dell • Encourages employees to take risk • Work independently • Make mistakes • Learn from the process • Sets hard to reach goals to encourage his employees to stretch themselves.

30. Importance of Small Businesses • A small business is a company that is independently owned and operated. • According to the Small Business Administration, a small business has fewer than 100 employees. • Owners of small businesses often perform all management tasks. • More that 98 percent of the businesses in the United States are small businesses.

31. Importance of Small Businesses Cont’d • They play an important role in the U.S. economy because they employ millions of workers and sell billions of dollars of products and services. • Small businesses tend to produce more innovations than larger businesses.

32. 2 Types of Entreprenuer Sole proprietorship Partnership Own business with one or more people • Own business on your own

33. Name some Small Businesses in Davison

34. Pros and Cons of Entrepreneurship Pros Cons

35. Section 1-2 Assignment • GROUP WORK • Pick a Partner • Think of an innovative product or service • Explain the Product (Picture and Explanation) • Answer these questions • What makes this product or service special • Why would anyone buy or pay money for it