Business Management Preview Section 1.1 and look for: Definition of Management 3 Levels of Management 3 Ways to review Management Process
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