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Essential Standard 2.00 Understand business organization and management. 1
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Objective 2.02 Understand leadership and management. 2
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Topics Management Management Leadership Leadership Human Resource Management Human Resource Management 3
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Management Essential Question: What are the classifications of management functions, levels, and styles? 4
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Management Describe the role of a manager Describe the role of a manager Managers are responsible for management of a business to accomplish goals by effectively using people and other resources.Managers are responsible for management of a business to accomplish goals by effectively using people and other resources. 5
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Five Functions of Management PlanningPlanning To analyze information, set goals based on information, and make decisions to accomplish the goals To analyze information, set goals based on information, and make decisions to accomplish the goals OrganizingOrganizing To arrange resources in order to accomplish the goals of the business To arrange resources in order to accomplish the goals of the business StaffingStaffing To obtain, train, and compensate employees to accomplish the goals of the business To obtain, train, and compensate employees to accomplish the goals of the business
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Five Functions of Management ImplementingImplementing To direct and lead people to accomplish the goals of the business To direct and lead people to accomplish the goals of the business ControllingControlling To determine whether a business is accomplishing its goals that were set in the planning stage. To determine whether a business is accomplishing its goals that were set in the planning stage.
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Management continued Levels of management TopTop Executives who are responsible for the overall direction of the business Executives who are responsible for the overall direction of the business Mid-ManagementMid-Management Specialists responsible for a specific part of the business Specialists responsible for a specific part of the business SupervisorsSupervisors First level of management in the business First level of management in the business Responsible for the routine work of employees Responsible for the routine work of employees Management by othersManagement by others Other employees who are not managers, may serve as leaders for a group of employees Other employees who are not managers, may serve as leaders for a group of employees 8
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Management Style What is management style? What is management style? The way a manager directs employees to accomplish the goals of the business.The way a manager directs employees to accomplish the goals of the business. Describe the different types of management styles: Describe the different types of management styles: TacticalTactical Directed and controlling Directed and controlling Typically, use for inexperienced employees or during a crisis Typically, use for inexperienced employees or during a crisis 9
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Management Style StrategicStrategic Less directed with employees helping with decision making Less directed with employees helping with decision making Typically, used with trusted and/or experienced employees Typically, used with trusted and/or experienced employees MixedMixed Combination of both tactical and strategic Combination of both tactical and strategic
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Leadership Essential Question: What are the classifications of leadership styles? 11
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Leadership The ability to motivate others to effectively accomplish goals of the business. The ability to motivate others to effectively accomplish goals of the business. What characteristics do a good leader possess? What characteristics do a good leader possess? 12
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Leadership continued How many did you name? Intelligence Intelligence Judgment Judgment Objectivity Objectivity Initiative Initiative Dependability Dependability Understanding Understanding Cooperation Cooperation Honesty Honesty Courage Courage Confidence Confidence Stability Stability 13
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Leadership continued Leadership styles Autocratic Used when a leader needs to give direct, clear, and precise orders and makes decisions Used when a leader needs to give direct, clear, and precise orders and makes decisions Situations to use style: Situations to use style: During an emergencyDuring an emergency To direct the work of inexperienced employeesTo direct the work of inexperienced employees 14
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Leadership continued DemocraticDemocratic one who includes employees in making decisions one who includes employees in making decisions Situations to use style: Situations to use style: To monitor quality of work of employeesTo monitor quality of work of employees To direct the work of employees working as a teamTo direct the work of employees working as a team Open or Laissez-fareOpen or Laissez-fare one who gives little or no direction to employees one who gives little or no direction to employees Situation to use style: Situation to use style: To monitor achievements and communicate regularly with employeesTo monitor achievements and communicate regularly with employees To direct the work of experienced and trained employeesTo direct the work of experienced and trained employees 15
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Human Resources Manager Essential Question: What are the classifications of human resources management activities? 16
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Human Resources Management What is the role of human resources managers? What is the role of human resources managers? Human resources managers uses the management process of managing employees who collectively contribute to the achievement of the objectives of the business.Human resources managers uses the management process of managing employees who collectively contribute to the achievement of the objectives of the business. 17
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Human Resources Management The functions of human resources management: The functions of human resources management: Planning and staffingPlanning and staffing Managing compensation and benefitsManaging compensation and benefits Managing performance of employeesManaging performance of employees
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Human Resources Management continued Planning and job staffing Planning and job staffing Classifying employeesClassifying employees Permanent Permanent Long term commitmentLong term commitment Temporary Temporary Hired for a specific time/jobHired for a specific time/job Full Time Full Time 30 or more hours per week (usually 40+ hours)30 or more hours per week (usually 40+ hours) Part Time Part Time Short work weekShort work week 19
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Planning and job staffing Planning and job staffing Determining job requirements:Determining job requirements: The use of job analysis to determine all the duties for a particular job The use of job analysis to determine all the duties for a particular job Recruiting and hiring employees Recruiting and hiring employees The application process The application process Reviewing applications/resumesReviewing applications/resumes Interviewing applicantsInterviewing applicants Checking references of applicantsChecking references of applicants Making a job offer to applicantsMaking a job offer to applicants New employee orientation New employee orientation PaperworkPaperwork TrainingTraining MentorMentor Human Resources Management continued 20
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Managing compensations and benefits Managing compensations and benefits Compensation methodCompensation method Time Wage – Direct payment per hour Time Wage – Direct payment per hour Salary – Direct payment per week, bi-weekly, or monthly Salary – Direct payment per week, bi-weekly, or monthly Commission – Percentage of sales Commission – Percentage of sales Piece Rate – Payment per unit produced Piece Rate – Payment per unit produced Base plus incentive – Direct payment plus perfomance based pay Base plus incentive – Direct payment plus perfomance based pay Employee benefitsEmployee benefits Other items given to employee for working. For example, health insurance, vacation time, sick time, dental insurance, etc. Other items given to employee for working. For example, health insurance, vacation time, sick time, dental insurance, etc. Human Resources Management continued 21
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Managing performance of employees Managing performance of employees Employee evaluationEmployee evaluation Objective evaluations of emplyees’ quality of work Objective evaluations of emplyees’ quality of work PromotionPromotion Advancement of an employee to a position with greater responsibility Advancement of an employee to a position with greater responsibility TransferTransfer Assignment of the employee to a job in another area with similar responsibility Assignment of the employee to a job in another area with similar responsibility TerminationTermination Ends employment relationship Ends employment relationship Human Resources Management continued 22
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