L/O/G/O

The Importance of Business Management

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“Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them”

Paul HawkenAuthor

Natural Capitalism

The Business World Today

Constant change!

Technology Society Environment Competition Diversity

What is Management?

The process of deciding how best to use a business’s resources to produce good or provide services

oEmployeesoEquipmentoMoney

Levels of Management

• Senior management

• Middle Management

• Supervisory Management

The Management Pyramid

The Management Process

• Planning• Organizing• Staffing• Leading • Controlling

Planning

Decides company goals and the actions to meet them

CEO sets a goal of for the Company

Top Management

Organizing

Groups related activities together and assigns employees to perform them

Staffing

Decides how many and what kind of people a business needs to meet its goals and then

Recruits Selects Trains the right people

Staffing

Leading

Provides guidance employees need to perform their tasks

Controlling

• Measures how the business performs to ensure that financial goals are being met

• Analyzing accounting records

• Make changes if financial standards not being met

Management Levels Vs. Function

L/O/G/O

Thank You!

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