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Essential Standard 2.00

Essential Standard 2.00. Understand business organization and management. Objective 2.02. Understand leadership and management. Topics. Management Leadership Human Resource Management. Management. Management. Describe the role of a manager

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Essential Standard 2.00

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  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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