1. 2.02 Understand Management vs Leadership.

2.  Management is the process of accomplishing the goals of an organization through the effective use of people and other resources.

3.  Planning  Organizing  Staffing  Implementing  Controlling

4.  The planning function ◦ Analyze information ◦ Set goals ◦ Make decisions to accomplish the goals

5. ◦ Identifying the work & resources needed to achieve the goals of the planning stage.

6.  The staffing function includes … ◦ Recruiting employees ◦ Training employees ◦ Paying employees

7. ◦ Directing and leading people to accomplish the goals of the planning stage.

8. IIs the business accomplishing its goals set in the planning stage? WWhat changes need to be made? (Restart Cycle)

10.  Management style is the way a manager treats and involves employees ◦ Tactical ◦ Strategic ◦ Mixed

11.  Directive and controlling  Manager makes major decisions  Constant monitoring of employees  Typically, use for inexperienced employees or during a crisis

12.  Limited direct supervision  Team members do decision making  Typically, used with trusted and/or experienced employees

13.  Combination of both tactical and strategic  Effective managers can use both styles in order to accommodate different types of employees

14.  What is Leadership?  Is It:  Leadership is the ability to motivate individuals and groups to accomplish important goals.

15.  Intelligence  Judgment  Objectivity  Initiative  Dependability  Understanding  Cooperation  Honesty  Courage  Confidence  Stability

16.  Autocratic Leader  Democratic Leader  Open or Laissez-faire leader

17.  The leader needs to give direct, clear, and precise orders and makes decisions  Situations to use style: ◦ During an emergency ◦ To direct the work of inexperienced employees

18.  One who includes employees in making decisions  Situations to use style: ◦ To monitor quality of work of employees ◦ To direct the work of employees working as a team

19.  One who gives little or no direction to employees  Situation to use style: ◦ To monitor achievements and communicate regularly with employees ◦ To direct the work of experienced and trained employees

20.  Planning, staffing  Recruiting, & hiring  Managing compensation and benefits  Managing performance of employees

21. PPlanning & Staffing ◦C◦Classifying employees PPermanent (W2) TTemporary (Contract) FFull Time 330 or more hours per week (usually 40+ hours) PPart Time LLess than 30 hours per week LLimited or no benefits

22.  Planning & Job Staffing ◦ Determining job requirements:  Determine all the duties for a particular job  Recruiting and hiring employees  Reviewing applications/resumes  Interviewing applicants  Checking references of applicants  Making a job offer to applicants

23.  Recruiting & Hiring ◦ New employee orientation  Paperwork  Training  Mentor

24.  Compensation method ◦ Hourly Wage – Direct payment per hour  Time and Half for Over Time ◦ Salary – Set payment Yearly (No OT) ◦ Commission – Percentage of sales ◦ Piece Rate – Pay per unit produced ◦ Base plus incentive – Direct payment plus performance pay.

25.  Employee benefits ◦ Other items given to employee for working. ◦ For example, health insurance, vacation time, sick time, dental insurance, etc.

26. Retirement What is a 401k Plan? What is a Pension Plan? Why would a company want to keep paying you after you retire and no longer work there?