1. Understand marketing and business management.
Essential Standard 7.00
Understand marketing
and business management.

2. Objective 7.03
Recognize management’s role to understand its contribution to business success.

3. Management

4. Management What is the role of a manager?
Describe the five functions of management:
Planning
Organizing
Staffing
Implementing
Controlling
What is the role of a manager?
Managers are responsible for management of a business to accomplish goals by effectively using people and other resources.
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
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.

5. Management continued What are the different levels of management?
Top-Level Management
Strategic planning
Mid-Level Management
Planning, organizing, controlling
First-Line Management
Staffing, directing, and controlling
(Management by others)
Explain the responsibilities of each level of management
Top-Level Managers- Responsible for the entire organization; conduct strategic planning.
Mid-Level Managers- Conduct tacticle planning; Spend time doing planning, organizing, and controlling activities.
First-Line Managers- Spend most of their time doing staffing, directing and controlling activities.
(Management by others)
Other employees who are not managers, may serve as leaders for a group of employees

6. Management continued What is management style?
Describe the different types of management styles:
Tactical
Strategic
Mixed
What is management style?
The way a manager directs employees to accomplish the goals of the business.
Describe the different types of management styles:
Tactical
Directed and controlling
Typically, use for inexperienced employees or during a crisis
Strategic
Less directed with employees helping with decision making
Typically, used with trusted and/or experienced employees
Mixed
Combination of both tactical and strategic