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Understanding Business Organization and Management: Leadership, Functions, and Human Resources

This comprehensive overview explores the fundamentals of business organization and management, focusing on key concepts such as the roles of managers, the five essential functions of management (planning, organizing, staffing, implementing, and controlling), levels of management, and various leadership styles. The significance of human resource management, including staffing, compensation, performance management, and employee evaluation, is highlighted. Gain insights into effective management strategies and leadership characteristics crucial for successfully guiding a business to its goals.

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Understanding Business Organization and Management: Leadership, Functions, and Human Resources

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Presentation Transcript

  1. Essential Standard 2.00 Understand business organization and management.

  2. Objective 2.02 Understand leadership and management.

  3. Topics • Management • Leadership • Human Resource Management

  4. Management

  5. Management • Describe the role of a manager • Managers are responsible for management of a business to accomplish goals by effectively using people and other resources.

  6. Describe the five functions of management • Planning • To analyze information, set goals based on information, and make decisions to accomplish the goals • Organizing • To arrange resources in order to accomplish the goals of the business

  7. Describe the five functions of management • Staffing • To obtain, train, and compensate employees to accomplish the goals of the business • Implementing • To direct and lead people to accomplish the goals of the business • Controlling • To determine whether a business is accomplishing its goals that were set in the planning stage.

  8. Management continued Levels of management • Top • Executives who are responsible for the overall direction of the business • Mid-Management • Specialists responsible for a specific part of the business • Supervisors • First level of management in the business • Responsible for the routine work of employees • Management by others • Other employees who are not managers, may serve as leaders for a group of employees

  9. Management continued • What is management style? • Describe the different types of management styles: • Tactical • Strategic • Mixed

  10. Management continued • Tactical • Directed and controlling • Typically, use for inexperienced employees or during a crisis

  11. Management continued • Strategic • Less directed with employees helping with decision making • Typically, used with trusted and/or experienced employees • Mixed • Combination of both tactical and strategic

  12. Leadership

  13. Leadership • The ability to motivate others to effectively accomplish goals of the business. • What characteristics do a good leader possess?

  14. Leadership continued How many did you name? • Intelligence • Judgment • Objectivity • Initiative • Dependability • Understanding • Cooperation • Honesty • Courage • Confidence • Stability

  15. Leadership continued Leadership styles Autocratic • Used when a 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

  16. Leadership continued • Democratic • 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 • Open or Laissez-fare • 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

  17. Human Resources Manager

  18. Human Resources Management • What is the role of human resources managers? • The functions of human resources management: • Planning and staffing • Managing compensation and benefits • Managing performance of employees

  19. Human Resources Management continued • Planning and job staffing • Classifying employees • Permanent • Long term commitment • Temporary • Hired for a specific time/job • Full Time • 30 or more hours per week (usually 40+ hours) • Part Time • Short work week

  20. Human Resources Management continued • Planning and job staffing • Determining job requirements: • The use of job analysis to determine all the duties for a particular job • Recruiting and hiring employees • The application process • Reviewing applications/resumes • Interviewing applicants • Checking references of applicants • Making a job offer to applicants • New employee orientation • Paperwork • Training • Mentor

  21. Human Resources Management continued • Managing compensations and benefits • Compensation method • Time Wage – Direct payment per hour • Salary – Direct payment per week, bi-weekly, or monthly • Commission – Percentage of sales • Piece Rate – Payment per unit produced • Base plus incentive – Direct payment plus perfomance based pay • Employee benefits • Other items given to employee for working. For example, health insurance, vacation time, sick time, dental insurance, etc.

  22. Human Resources Management continued • Managing performance of employees • Employee evaluation • Objective evaluations of emplyees’ quality of work • Promotion • Advancement of an employee to a position with greater responsibility • Transfer • Assignment of the employee to a job in another area with similar responsibility • Termination • Ends employment relationship

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