Unit 3 Ch 5 Intro to Management

Management

The ability to achieve results through people, involving planning, organizing, and controlling resources to ensure business success.

Managers

Responsible for achieving business objectives.

Management Skills and Activities

Important in various areas of life, including home, school, community, business, and government.

Controlling at Home

Managing a healthy lifestyle, budgeting for activities, buying healthy food, family outings, and setting a fitness example.

Controlling at School

Monitoring academic results, assigning staff, creating timetables, holding meetings, and fostering a positive environment.

Controlling in the Local Community

Managing events like food festivals by budgeting, task delegation, and showing economic benefits.

Controlling in Business

Managing employees, using quality checks, staff training, and automating processes.

Controlling in Government

Managing exam marking, monitoring results, forming teacher groups, and recruiting teachers.

Characteristics of a Manager

Includes decision-making, leadership, communication, and adaptability.

Entrepreneur vs. Manager

Entrepreneurs focus on ideas and growth, managers handle operations and delegate responsibilities.

Entrepreneur's Role in Start-up

Handles all tasks like idea generation, research, and production.

Entrepreneur's Role in Small Business

Runs operations and begins delegating responsibilities.

Entrepreneur's Role in Medium Business

Hires managers for daily operations while focusing on expansion.

Entrepreneur's Role in Large Business

Delegates to a management team and focuses on new opportunities.

Careers in Management

Often start through promotion and training programs.