Four Major Functions of Management 1. Leading q Motivating, communicating, and encouraging participation. 2. Controlling q q Employee discipline, performance appraisals, budgeting, etc. Use these methods to increase, maintain, or decrease the resources that are allocated to them.
Four Major Functions of Management 3. Planning q q set short- and long-term goals decide how to achieve them. 4. Organizing arranging people and tasks q three levels of management 1. upper management 2. middle management 3. lower-level management. q
Different Resource Managers Purchasing Manager � Sets up the supply and delivery of raw materials, equipment, supplies, and goods for resale. Production Manager � Processing the raw materials into a final product Marketing and Distribution Manager � Ensures that the company’s products are sold using sales strategies
Different Resource Managers Research and Development Manager � creates new products or services � develops new and improved ways Finance Manager � Comptroller responsible for keeping records of the company’s financial transactions and money control (accountant)
Watch Under Cover Boss! � While watching, note the management style and the feedback that the boss is receiving to improve his/her business