Leadership & Management

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Presentation transcript:

Leadership & Management Introduction To Business

Managing a Business Five management functions Planning Organizing Staffing Leading Controlling

Planning This function includes: Thinking Gathering and analyzing information Surveys to find what products are selling Investigating why sales are down. Decision making

Organizing Deciding what work needs to be done and who is responsible for each job. Results in a diagram called an organization chart.

Organization Chart

Staffing Includes all activities used in finding, selecting, hiring, training, and rewarding employees.

Leading

Certificate of Incorporation Written permission to incorporate Business must apply in the state in which it is located.

Legal Entity Legally exists separate from its owners. IBM Texaco General Motors

Shareholders Stockholders People who own shares of stock in a corporation.

REVIEW

What are 3 Major types of Business Ownerships? Sole Proprietorship Partnership Corporation

What are Shareholders?

What are 4 business categories? Extractors Manufacturers Marketers Service firms

QUESTIONS??

Assignment--Do Now: Write down one business category of interest from Ch 5. Explain in writing why the category would be of interest to you. Select a business that you might one day wish to start or operate. Answer the following questions: Provide a name for your business. Describe the business (what will you do?) Location of the business (Where?) What questions will you need to address before operating the business?

Exit Slip On a sheet of paper write a paragraph to answer the following question. Who Owns McDonalds? Explain. Turn in!