Business Copyright 2005 Prentice Hall Inc 1 Business

Business Copyright 2005 Prentice- Hall, Inc. 1

Business Part Two: The Business Of Managing 6. Managing the Business Of Managing 7. Organizing the Business Enterprise 8. Managing Human Resources & Labor Relations 9. Motivating, Satisfying, and Leading Employees Copyright 2005 Prentice- Hall, Inc. 2

Chapter 6 Managing The Business Enterprise 4 -3

Business Chapter Outline üWho Are Managers? üSetting Goals & Formulating Strategy üThe Management Process üTypes of Managers üBasic Management Skills üManagement & The Corporate Culture Copyright 2005 Prentice- Hall, Inc. 4

Business Who Are Managers? • All Organizations Require Effective Managers • All Managers Perform The Same Basic Functions – Plan – Organize – Direct – Control Copyright 2005 Prentice- Hall, Inc. 5

Business Female CEOs 2002 1995 Source: “Women Inch Up The Corporate Ladder”, The Gazette, November 19, 2002. Copyright 2005 Prentice- Hall, Inc. 6

Business Companies With Highest Percentage Of Female Top Executives Source: “Women Inch Up The Corporate Ladder”, The Gazette, November 19, 2002. Copyright 2005 Prentice- Hall, Inc. 7

Business Planning- Types of Strategy • Corporate • Business/Competitive • Functional Copyright 2005 Prentice- Hall, Inc. 8

Business Reasons For Goals • Direction/Guidance • Resource Allocation • Define Corporate Culture • Assess Performance Copyright 2005 Prentice- Hall, Inc. 9

Business Kinds Of Goals • Mission Statement – Why Organization Exists & How It Will Operate • Long-Term = 5 Years + • Intermediate = 1 - 5 Years • Short-Term = Less Than 1 Year Copyright 2005 Prentice- Hall, Inc. 10

Business Strategy Formulation Copyright 2005 Prentice- Hall, Inc. 11

Business Formulating Strategy • Define & Meet Organization’s Goals • Strategic Goals • Strengths Weaknesses Opportunities Threats • Environmental Analysis • Organizational Analysis Copyright 2005 Prentice- Hall, Inc. 12

Business Analysis Environmental Analysis Organizational Analysis Copyright 2005 Prentice- Hall, Inc. 13

Business Planning Levels Strategic Tactical Operational Copyright 2005 Prentice- Hall, Inc. 14

Business Other Forms or Levels Of Planning • Contingency- Changes in Business/Environment • Crisis- Emergencies Copyright 2005 Prentice- Hall, Inc. 15

Business Management Process Planning Organizing Directing Controlling Copyright 2005 Prentice- Hall, Inc. 16

Business Control Process Copyright 2005 Prentice- Hall, Inc. 17

Business Management Pyramid Top Middle First-Line Copyright 2005 Prentice- Hall, Inc. 18

Business Areas Of Management ØHuman Resources- Hire/Train ØOperations- Systems ØMarketing- Get Products & Services From Producer To Consumer ØInformation- Gather, Organize, & Distribute Information ØFinancial- Accounting & Finance Copyright 2005 Prentice- Hall, Inc. 19

Business Basic Skills- Technical Programming Accounting Copyright 2005 Prentice- Hall, Inc. Architect 20

Business Basic Skills. Human Relations Copyright 2005 Prentice- Hall, Inc. 21

Business Employee Satisfaction Depends On: Source: “Managers Beware: Employee Job Satisfaction Depends On You”, Colorado Springs Business Journal, Nov. 21, 2003. Copyright 2005 Prentice- Hall, Inc. 22

Business Basic Skills- Conceptual Copyright 2005 Prentice- Hall, Inc. 23

Business Basic Skills. Decision-Making Define Problem Evaluate/Select Alternative Implement & Evaluate Copyright 2005 Prentice- Hall, Inc. 24

Business Basic Skills. Time Management • Paperwork • Telephone • Meetings • E-mail Copyright 2005 Prentice- Hall, Inc. 25

Business Skills- st 21 Century • Global • Management &Technology Copyright 2005 Prentice- Hall, Inc. 26

Businesses Offering Incentives To Get Ph. D. Source: “What CEOs Want To Know About…Leadership Development? ” Connections, League for Innovation In the Community College, April 2004: http: //www. league. org/publication/connections/main. htm Copyright 2005 Prentice- Hall, Inc. 27

Business What CEOs Feel Are The Important Skills For Leadership Source: “What CEOs Want To Know About…Leadership Development? ” Connections, League for Innovation In the Community College, April 2004: http: //www. league. org/publication/connections/main. htm Copyright 2005 Prentice- Hall, Inc. 28

Business Corporate Culture- Shared • Experiences • Stories • Beliefs • Norms Copyright 2005 Prentice- Hall, Inc. 29

Business Communicating Culture & Change • Communicate – Understand Culture – Transmit Culture – Maintain Culture • Managing Change – Analysis Highlights Need For Change – Top Management = Formulate Vision – Create Systems To Sustain New Vision/ Values 30 Copyright 2005 Prentice- Hall, Inc.