About This Chapter
Introduction to Business Management - Chapter Summary
This chapter begins with an exploration of managers' roles within an organization, including their responsibility to make decisions, manage information and maintain interpersonal relationships with everyone from vendors and customers to the employees they supervise. Additional lessons provide you with an overview of Henri Fayol's 14 management principles and introduce you to some of the tasks associated with the planning, leading, controlling and organizing functions of managers, as well as a possible fifth function, staffing.
The chapter draws to a close with a brief examination of a few problem-solving methods used by managers, from the relatively simple principle of divide and conquer to more complex strategies, like the five-step problem-solving model or the four stages of the Deming cycle. Altogether, this chapter can help you study the following topics:
- Managerial roles
- The four functions of management
- Managerial problem-solving models
The entertaining video lessons included in this chapter are taught by business instructors with the expertise and experience needed to help you understand even the most complicated managerial concepts. You'll also find illustrated transcripts, links to supplementary text lessons and short multiple-choice quizzes designed to ensure you come away from the lessons with a comprehensive understanding of this chapter's business management material.
1. Management Roles and Principles
Managers serve important roles in organizations. In this lesson, you'll learn about some of the key roles management plays in an organization and fundamental principles that management follows. A short quiz follows.
2. Four Functions of Management: Planning, Organizing, Leading & Controlling
A person who holds a management position inside an organization is required to think strategically and conceptually in order to achieve organizational goals. This lesson will describe the four functions of management and how they relate to organizational success.
3. Types of Problem Solving Methods in Management and Supervision
A big part of management and supervision is solving problems. In this lesson, we'll take a look at a few problem-solving methods that can be used to solve typical problems facing managers and supervisors. A short quiz follows.
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Other chapters within the NYSTCE Business and Marketing: Practice and Study Guide course
- Organizational & Group Behaviors in Business Management
- Motivation in Business Management
- Human Resource Management & Development
- Business Ownership
- Laws Related to Business Ownership
- Labor-Management Relations
- Business Law Basics
- Ethics in Business Today
- Marketing Fundamentals
- Marketing Strategies in Business
- Marketing & International Business
- Accounting Fundamentals
- Accounting & Financial Management
- Business Technology & Information Systems
- Business & Marketing Communications
- Principles of Economics
- Consumer Economics & Personal Finance
- Career & Professional Development in Business