1. Agenda Thursday— Friday—Unit Test Management Activities
Study Guide and Review
Friday—Unit Test

2. Management activities

3. In many small businesses, owners are required to wear many hats
In many small businesses, owners are required to wear many hats In larger businesses, many management activities may be departmentalized (Ie: Human Resource Department)

4. Planning
Taking information, analyzing, setting goals and creating strategies
Often may not “make”
enough time for
Critical piece

5. Organizing Determining what needs to be done and how it will get done
Organizational chart
Task driven

6. Staffing Finding Selecting Hiring Training Appraising Rewarding
Terminating

7. Leading Inspiring others to want to work
Need good interpersonal skills

8. Controlling Comparing what actually happens with what was planned
Maintaining standards
Measuring productivity
Directly tied to Planning

9. Business Activities Generating Ideas Raising Capital
Buying goods and services
Using human resources
Marketing goods and services
Producing goods and services
Keeping business records

10. Agenda