Management Functions

1. Management Functions J. Turner Business Essentials

2. Management • The process of accomplishing the goals of an organization through the effective use of people and other resources. • Creative problem solving • Motivating employees

3. Who are managers? • Entrepreneurs • Top executive at multi-million $ business • Supervisor at small company • Vice President in large company

4. 5 Functions of Managers

5. Planning • Analyzing information • Setting goals • Determine the most effective course of action to reach goal • Making decisions • Involves knowledge of company’s resources and future objectives of business

6. Organizing • Controls overall structure of company • Identifying resources • Arranging work and resources needed • Designating tasks and responsibilities to employees

7. Staffing • Hiring • Training new hires • Performance evaluations • Promotions • Transfers • Compensating employees • Firing

8. Implementing • Controls organizing, planning, and staffing activities of company • Ensures all activities function together for the good of the organization • Direct and lead people to accomplish the goal

9. Controlling • Establishing performance standards • Monitoring output of employees • Determines the extent the business is accomplishing goals • Leads to identification of situations and problems • Level of performance affects success of all aspects of organization

10. Management Level s • Top Management • Middle Management • Supervisors

11. “Effective leadership is putting first things first. Effective management is discipline, carrying it out.” -Stephen Covey

12. References • http://smallbusiness.chron.com/five-functions-management-leading-56418.html