CHAPTER 5:
ORGANIZING
BUSINESS
Stage 1:
The Importance of Management
Management
Process to obtain organization's
goals by using resources effectively
and efficiently.
Managers
Can be in a group or a single
individuals with leadership skills
and are tasked to make decisions.
Staffing is when people are hired
to carry out the work in an
organization.
Downsizing is the termination of
employees at the same time from
an organization.
Acquiring suppliers: Reliable suppliers provide stocks and
services as the business reach global markets. They also
helps by providing solutions to reduce unnecessary
expenses.
Stage 2:
Management Functions
Planning
Oftenly in a form of written documents that
shows the guideline of an organization's
objectives
These are the examples of
planning:-
1)Strategic Plans= used for
longterm activity
2)Tactical Plans=Specific and short
term. Only used when needed.
3)Operational Plans=very short
term. Used to achieve tactical and
strategic plan.
4)Crisis Management(contingency
planning)=postponed due to
disasters, computer or internets
problem and so on.
Organizing
Process to determine what and
how to do the work or who will the
the work.
Helps creating a balanced and fair
work.
Establishes line of authority
Improves communication=can
adapt with any environment.
helps avoid work duplication
improving competitiveness.
Directing
Leading and instructing to achieve
organization's goals.
Encouraging employees to finish
their work by providing deadlines.
Giving rewards and recognition to
the one who deserved.
Providing stimulant to the workers
for them to work flawlessly like
promising raised in salary or
promotion.
Decision making authority will be
given to younger employees to
increase their morale.
Controlling
Measuring and supervising
progress.
consists 5 activities:-measurig
performance,comparing
performance,identifying
standards,investigating causes and
taking actions like giving
punishments.
Stage 4:
Levels of Management
High Level Management
High level managers such as Chief
Executive Officer. Have many years
of experience,spend most of their
time planning.
Middle Management
Involved in specific operations of
the organizations.
Front-line Management
Direct employees performance
daily
spend most of their time
controlling and directing.
Stage 3:
Skills Needed by Managers
Technical Expertise
Specialized knowledge and
training
Conceptial Skills
Thinking in abstract terms and
seeing parts come together.
Analytical Skills
Identifying relevant issues.
Human Relations Skills
Ability to deal with people.