Copyright

Ch 7: Managing and Leading in Business

About This Chapter

Watch online business management video lessons to learn about the roles, functions, and skills involved in business management and leadership. Each lesson is accompanied by a short multiple-choice quiz to help check your understanding of these business topics.

Managing and Leading in Business: Chapter Summary and Learning Objectives

Managerial and leadership skills are an important part of running any successful business. In this chapter, our instructor defines management and leadership in terms of business, explains the differences between these organizational roles and their various functions, and provides examples of managerial planning, organizing, and employee guiding. In addition, you will learn how to analyze business practices, strategize for future organizational change, and increase employee productivity. Key terms will be introduced and defined throughout the chapter. After completing this chapter, you should be able to:

  • Define and describe the terms management, leadership, single-use plans, policy, and more
  • Identify Henry Mintzberg's 10 roles of management
  • Explain the roles of planning, organizing, controlling, and leading as a function of management
  • Describe the four types of organizational change, what drives them, and how managers can effectively deal with the challenges of change
  • Name the four steps involved in the organizational control process and how to use them to achieve the goals of a business

Video Objective
Managerial Skills: How Good Managers Promote Productivity Learn how technical, human, and conceptual managerial skills promote productivity.
Four Functions of Management: Planning, Organizing, Leading & Controlling Understand and identify the four functions of management.
Types of Planning: Strategic, Tactical, Operational & Contingency Planning Learn the four types of planning and terms such as, single-use plans, continuing plans, policy, procedure, and rule.
What is SWOT Analysis Understand SWOT analysis with examples.
Types of Internal Organizational Change: Structural, Strategic, People, and Process Learn about the four types of internal organizational change with examples.
Leadership: Leaders & Their Role in Organizations Define leadership and its organizational role.
What is Management by Objective? - Defining the MBO Process Define and describe management by objective.

7 Lessons in Chapter 7: Managing and Leading in Business
Test your knowledge with a 30-question chapter practice test
Managerial Skills: How Good Managers Promote Productivity

1. Managerial Skills: How Good Managers Promote Productivity

This lesson will discuss the types of skills a manager needs, including technical, human, and conceptual skills. You'll learn how each of these skill sets impacts a manager's ability to effectively lead his or her employees.

Four Functions of Management: Planning, Organizing, Leading & Controlling

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.

Types of Planning: Strategic, Tactical, Operational & Contingency Planning

3. Types of Planning: Strategic, Tactical, Operational & Contingency Planning

This lesson will explain the four types of planning used by managers, including strategic, tactical, operational and contingency planning. Terms, such as single-use plans, continuing plans, policy, procedure and rule, will also be defined.

What is a SWOT Analysis?

4. What is a SWOT Analysis?

In the business world, as in many other places, decisions aren't made lightly. Rather, management spends a long time considering the pros and cons of every choice. This lesson will teach you about one of the key ways they do that, the SWOT analysis.

Types of Internal Organizational Change: Structural, Strategic, People, and Process

5. Types of Internal Organizational Change: Structural, Strategic, People, and Process

Organizational change can occur in response to internal or external factors. This lesson focuses specifically on those changes that occur in a company's internal environment, including structural, strategic, people and process changes.

Leadership: Leaders & Their Role in Organizations

6. Leadership: Leaders & Their Role in Organizations

Leadership is the action of leading employees to achieve goals. It plays an important role in employee performance and productivity. Learn about how leaders influence employee behavior in this lesson.

What Is Management by Objective? - Defining the MBO Process

7. What Is Management by Objective? - Defining the MBO Process

Management by objective (MBO) changed the way many companies worked and functioned. With MBO, employees' input was sought out and used to help develop the goals and objectives for the organization.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support