Business Management Preview Section 1.1 and look for: Definition of Management 3 Levels of...

Business Management

Preview Section 1.1 and look for: Definition of Management

3 Levels of Management

3 Ways to review Management Process

Business Management

Management = process of deciding how to best use a business’s resources to produce goods or provide services. A business’s resources include its employees, equipment and money (also: natural, human, capital resources)

Business Management

3 Levels of Management Senior Middle Supervisory

Business Management

How to view the Process? 1. Management Tasks … plan, organize,

staff, lead, control 2. Management Roles … interpersonal,

information-related, decision-making 3. Management Skills … conceptual, HR,

technical

Thursday, January 29, 2015

Professional managers = senior, middle, and supervisory level managers; paid to perform management functions within a company

Entrepreneurs = people who launch and run their own businesses

LinkedIn founder discusses the difference: http://ecorner.stanford.edu/authorMaterialInfo.html?mid=1690

Thursday, January 29, 2015

Characteristics of an Entrepreneur: Possesses risk vs. reward mentality More independent Less formal education Create and modify products/services Make decisions and be their own boss

Thursday, January 29, 2015

Small Business = company that is independently owned and operated

List out examples …..

More on Small Businesses and Entrepreneurs

Mark Cuban Represents a unique example of an

entrepreneur with his ventures and personality

http://markcubancompanies.com/index.html

https://www.youtube.com/watch?v=KYneLGRTgy8

More on Small Businesses and Entrepreneurs

Franchisees can represent best of small business and entrepreneurship.

Take George Forrest , a McDonalds franchise owner in Charlotte, NC

https://www.youtube.com/watch?v=vdeJx7DPTFM

Tuesday, February 3, 2015Class Starter

We are starting Chapter on Management Movement which covers history of management.

Read pp. 30-40 Write out all highlighted definitions. Draw a timeline from 1850-1920 and

include 5 major events that you read about.

Tuesday, February 3, 2015

Scientific Management By Frederick Taylor (1856-1915) Increase productivity and make work

easier === look at best practices (procedures and methods)

4 main ideas 1. Scientific rules for design 2. Scientific methods to select/train 3. Scientific management principles 4. Interdependence of mgment and workers

Tuesday, February 3, 2015

Maslow’s Hierarchy of Needs

Wednesday, February 4, 2015

Yesterday Timeline Scientific Management Maslow’s Hierarchy of Needs

Wednesday, February 4, 2015

Key terms Theory X Theory Y Centralization Decentralization TQM and include 5 of Dening’s 14 points Theory Z