Company LOGO Essential Standard 2.00 Understand business organization and management. 1.

Company

LOGO

Essential Standard 2.00Essential Standard 2.00

Understand

business organization and management.

1

Company

LOGO

Objective 2.02Objective 2.02

Understand

leadership and management.

2

TopicsTopics

• Management• Leadership• Human Resource Management

3

Management

4

ManagementManagement

• Describe the role of a manager• Managers are responsible for

management of a business to accomplish goals by effectively using people and other resources.

5

Describe the five functions of management

Describe the five functions of management

– Planning– To analyze information, set goals based on

information, and make decisions to accomplish the goals

– Organizing– To arrange resources in order to accomplish

the goals of the business

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Describe the five functions of management

Describe the five functions of management

– Staffing• To obtain, train, and compensate employees to

accomplish the goals of the business– Implementing

• To direct and lead people to accomplish the goals of the business

– Controlling• To determine whether a business is

accomplishing its goals that were set in the planning stage.

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Management continuedManagement continued

Levels of management– Top

• Executives who are responsible for the overall direction of the business

– Mid-Management• Specialists responsible for a specific part of the business

– Supervisors• First level of management in the business• Responsible for the routine work of employees

– Management by others• Other employees who are not managers, may serve as

leaders for a group of employees

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Management continuedManagement continued

• What is management style?• Describe the different types of

management styles:– Tactical– Strategic– Mixed

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Management continuedManagement continued

• Tactical•Directed and controlling•Typically, use for inexperienced employees or during a crisis

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Management continuedManagement continued

• Strategic• Less directed with employees helping

with decision making• Typically, used with trusted and/or

experienced employees

• Mixed• Combination of both tactical and

strategic

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Leadership

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LeadershipLeadership

• The ability to motivate others to effectively accomplish goals of the business.

• What characteristics do a good leader possess?

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Leadership continued

How many did you name?

Leadership continued

How many did you name?

• Intelligence• Judgment• Objectivity• Initiative• Dependability• Understanding

• Cooperation• Honesty• Courage• Confidence• Stability

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Leadership continuedLeadership continued

Leadership stylesAutocratic

• Used when a leader needs to give direct, clear, and precise orders and makes decisions

• Situations to use style:– During an emergency – To direct the work of inexperienced employees

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Leadership continuedLeadership continued

– Democratic• one who includes employees in making decisions• Situations to use style:

– To monitor quality of work of employees– To direct the work of employees working as a team

– Open or Laissez-fare• one who gives little or no direction to employees• Situation to use style:

– To monitor achievements and communicate regularly with employees

– To direct the work of experienced and trained employees

16

Company

LOGO

Human Resources Manager

Human Resources Manager

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Human Resources ManagementHuman Resources Management

• What is the role of human resources managers?

• The functions of human resources management:

– Planning and staffing– Managing compensation and benefits– Managing performance of employees

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Human Resources Management continuedHuman Resources Management continued• Planning and job staffing

– Classifying employees• Permanent

– Long term commitment

• Temporary– Hired for a specific time/job

• Full Time– 30 or more hours per week (usually 40+ hours)

• Part Time– Short work week

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Human Resources Management continuedHuman Resources Management continued• Planning and job staffing

– Determining job requirements:• The use of job analysis to determine all the

duties for a particular job• Recruiting and hiring employees

• The application process– Reviewing applications/resumes– Interviewing applicants– Checking references of applicants – Making a job offer to applicants

• New employee orientation– Paperwork– Training – Mentor

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Human Resources Management continuedHuman Resources Management continued• Managing compensations and benefits

– Compensation method• Time Wage – Direct payment per hour• Salary – Direct payment per week, bi-weekly, or monthly• Commission – Percentage of sales• Piece Rate – Payment per unit produced• Base plus incentive – Direct payment plus perfomance

based pay

– Employee benefits• Other items given to employee for working. For example,

health insurance, vacation time, sick time, dental insurance, etc.

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• Managing performance of employees– Employee evaluation

• Objective evaluations of emplyees’ quality of work

– Promotion• Advancement of an employee to a position with greater

responsibility

– Transfer• Assignment of the employee to a job in another area with

similar responsibility

– Termination• Ends employment relationship

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Human Resources Management continued