Business!Management BusinessManagement Chapter!7! Secons7.1&7.2!
?
Business
Management
BuCshianpetsesr
M7
anagement
Sec4ons
7.1
&
7.2
What
you
will
learn...
? Sec4on
7.1
?
Management
Func4ons
? Overall
purpose
of
management
? Four
func4ons
of
management
? Differences
between
management
structures
? Six
skills
necessary
for
effec4ve
management
Management
? Management:
Includes
the
process
or
func4ons
of
planning,
organizing,
leading,
and
controlling
? Helps
businesses
focus
on
seLng
and
mee4ng
goals
efficiently
and
effec4vely
so
that
a
profit
can
be
made
? If
a
firm
has
employees...they
must
have
management
Importance
of
Management?
? Why
is
management
important?
? Provides
a
framework
for
seLng
and
achieving
goals
? If
a
business
does
not
meet
goals,
then
there
will
be
no
profit!
4
Functions
of
Management
1. Planning
2. Organizing
3. Leading
4. Controlling
................
................
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