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Intro to Business Chapter 7 Management and Leadership

Intro to Business Chapter 7 Management and Leadership. 7-1 Management 7-2 Leadership 7-3 Ethical Management. 7-1 Management. Management – Managers receive ________ and _______ when a business succeeds. Managers are _____ _________ when goals are not met.

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Intro to Business Chapter 7 Management and Leadership

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  1. Intro to BusinessChapter 7Management and Leadership 7-1 Management 7-2 Leadership 7-3 Ethical Management

  2. 7-1 Management • Management – • Managers receive ________ and _______ when a business succeeds. • Managers are _____ _________when goals are not met. • Entrepreneurs, chief executives, supervisors, and vice presidents are all type of managers.

  3. 7-1 Management • Five Functions of Managers • Analyzing info, setting goals, making decisions • Arranging the work and resources needed to achieve goals • Obtaining, preparing, and compensating employees • Effort to direct and lead people to accomplish planned work • Determining to what extent the business is accomplishing the goals set during the planning sage

  4. 7-1 Management • Management Levels • Top Management – • Mid-Management– • Supervisors–

  5. 7-1 Management • Management Style – • _______ Management – a style in which the manager is more directive and controlling • Useful with new employees, tight deadlines, assigning new tasks to inexperienced employees • _______ Management – a style in which managers are less directive and involve employees in decision-making • Useful if employees are skilled and motivated, to improve group relationships, when employees are willing to take responsibility for their work

  6. 7-2 Leadership Leadership – • Understanding • Initiative • Dependability • Objectivity • Stability • Cooperation • Honesty • Courage • Communication • Intelligence • Characteristics of Effective Leaders

  7. 7-2 Leadership • Preparing to Be a Leader • ______ leadership • ________ in organizations and activities • _______ leadership at work • ______ leaders • Work with a _____ • Do a _______ and ask for ________

  8. 7-2 Leadership • Human Relations – • HR Skills • Self-Understanding • Understanding Others • Communication • Team Building • Developing Job Satisfaction

  9. 7-2 Leadership • Influence – • _______ influence – power by position • _______ influence – leader’s ability to give or withhold rewards • ______ influence – when group members recognize that the leader has special expertise in the area • ______ influence – stems from personal trust and respect member have for the leader • Informal Influence – • Formal Influence –

  10. 7-3 Ethical Management • _____ Business Practices – ensure that the highest standards of ______ are observed in a company’s relationships with everyone who is a part of the business or is ______ by the business’ activities. • Actions of individuals and groups • Results of those actions • Behavior is ethical if:

  11. 7-3 Ethical Management • Ethics through Leadership • It is a manager’s duty to ___________________ in which all employees are expected to act ethically. • Many companies develop a statement of core values – • A company must commit to _________________ • Ethical behavior should be a part of __________ _____________ • Being an ________________inspires others to do the same.

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