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12.1 Functions of Management
 

12.1 Functions of Management

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Small Business

Small Business
NCVPS
Module 12

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    12.1 Functions of Management 12.1 Functions of Management Presentation Transcript

    • Planning and Preparing to Manage a Small Business What are the Functions of Management? Planning Controlling Organizing Directing
    • THE FUNCTIONS OF MANAGEMENT
      • Planning
      • Organizing
      • Directing
      • Controlling
      The functions of management include:
      • The first step in managing
      • Determines business objectives or desired results
      • Determines ways to reach established goals
      PLANNING Planning is:
    • THREE TYPES OF PLANS
      • Strategic plans
        • long range;
        • Map where you want your business to be in 3-5 years
      • Tactical plans
        • mid-range
        • Focus on a period of one year or less
    • THREE TYPES OF PLANS
      • Operational plans
        • short term objectives that help to achieve tactical plans.
        • plans include policies, rules, regulations and budgets for the day-to-day operations of the business
      • Organizing people to carry out the company’s plans.
        • Hire and train new employees
        • Assign authority and responsibility
      • Organize and arrange equipment, materials, and other resources to help reach objectives.
      • Set up a chart to organize and give structure to your resources.
      ORGANIZING Organizing is deciding what jobs need to get done. This is done by:
      • Effective Directing is:
      • Conveying plans, assignments, and instructions to employees
      • Communicating goals and motivating employees to perform
      • Handling equipment, materials, and other resources
      DIRECTING
      • Controlling is:
      • The final step in managing
      • Comparing expected results with actual performance
      • Implementing corrective actions as needed
          • A quality control program is a check that is built into the production process to make sure products meet certain standards.
          • Uses budgets to compare budgeted costs with actual costs.
      CONTROLLING