Functions of Management

Mrs. NationsIntroduction to Business

and Technology

Management Is the process of coordinating

resources in order to accomplish an organization’s goals

Is carried out by a supervisor, manager or management team

Supervisors & Managers

Conduct the management process Set goals for the business Guide the activities of the business Keep the business moving toward set goals Make things happen, but do not usually

perform actual jobs in departments or businesses

Are responsible for seeing the work is completed

ManagementEfficiency

means doing the task right is the ability to do something

well or achieve a desired result without wasted energy or effort

refers to the relationship between inputs and outputs

Management

Effectivenessmeans doing the right tasktranslates into obtaining

business goalsis not always efficient

Management TipTo be a good supervisor you

must be concerned with both reaching goals and doing so in an efficient manner

Supervisors & ManagersControl the following:

human resourcesfinancial resourcesmaterial resources information resources

Direct others using various management styles

Management StylesTactical ManagementStrategic ManagementMixed Management

Tactical Management

Directive Approach to management

Makes major decisionsStays in close contact with

employees

Strategic Management Less directive and controlling then

tactical management The team works together to make

decisions Trust the employees to work without

direct supervision.

Mixed Management Using a combination of both Tactical and

Strategic Management Effective managers are prepared to use

both styles of management!

Management Tip The best managers and supervisors are

able to use situational management Situational management occurs when a

manager or supervisor can adapt the management approach to a particular circumstance