business management preview section 1.1 and look for: definition of management 3 levels of...
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Business Management
Preview Section 1.1 and look for: Definition of Management
3 Levels of Management
3 Ways to review Management Process
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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)
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Business Management
3 Levels of Management Senior Middle Supervisory
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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
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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
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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
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Thursday, January 29, 2015
Small Business = company that is independently owned and operated
List out examples …..
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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
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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
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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.
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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
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Tuesday, February 3, 2015
Maslow’s Hierarchy of Needs
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Wednesday, February 4, 2015
Yesterday Timeline Scientific Management Maslow’s Hierarchy of Needs
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Wednesday, February 4, 2015
Key terms Theory X Theory Y Centralization Decentralization TQM and include 5 of Dening’s 14 points Theory Z