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AIM: What are the five functions of management?

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Presentation on theme: "AIM: What are the five functions of management?"— Presentation transcript:

1 AIM: What are the five functions of management?
Do Now: Who is the management at the Academy of American Studies? Diagram it out.

2 Business Organization
CEO CFO Executive Level COO

3 The Five Functions of Management
Planning — Managers are responsible for setting the course of actions that will best fulfill the company’s goals. Planning involves knowing what to do, when to do it and how to do it. Managers are responsible for consulting with different departments of the company in order to set the appropriate path for allocating capital in the right directions.

4 The Five Functions of Management
Management Decision-making & Strategy — Managers must identify the activities to be completed, assign duties, create and authorize responsibility and coordinate the different levels of operations.

5 The Five Functions of Management
Staffing — Keeping individuals in the proper departments and matching talent to employee are also among the functions of management. Staffing includes recruitment, performance appraisal, promotions and transferring employees to the proper departments.

6 The Five Functions of Management
Directing — Managers must supervise, motivate, lead, and maintain communications with their employees.

7 The Five Functions of Management
Controlling — Managers must control their departmental employees and operations to ensure that organizational goals are achieved.

8 AIM: How does culture affect management?
DO NOW: Review -What are the five functions of management? Based on them, what questions would you have about managing employees in another country?

9 Next Steps…Senior Thesis…
Staffing ✓ Business Ethics Self-Evaluation ✓ Potential Cross-Cultural Problems ✓ Compensation ✓ Labor Relations ✓ Stakeholders Expatriate Issues ✓


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