1. Leadership & Management
Introduction To Business

2. Managing a Business Five management functions Planning Organizing
Staffing
Leading
Controlling

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

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

5. Organization Chart

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

7. Leading

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

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

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

11. REVIEW

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

13. What are Shareholders?

14. What are 4 business categories?
Extractors
Manufacturers
Marketers
Service firms

15. QUESTIONS??

16. 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?

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