Intro to Business Chapter 7 Management and Leadership

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Intro to BusinessChapter 7Management and
Leadership

• 7-1 Management
• 7-2 Leadership
• 7-3 Ethical Management

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7-1 Management

• Management
• Managers receive ________ and _______ when a
  business succeeds.
• Managers are _____ _________when goals are not
  met.
• Entrepreneurs, chief executives, supervisors, and
  vice presidents are all type of managers.

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7-1 Management

• Five Functions of Managers
• Analyzing info, setting goals, making decisions
• Arranging the work and resources needed to
  achieve goals
• Obtaining, preparing, and compensating employees
• Effort to direct and lead people to accomplish
  planned work
• Determining to what extent the business is
  accomplishing the goals set during the planning
  sage

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7-1 Management

• Management Levels
• Top Management
• Mid-Management
• Supervisors

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7-1 Management

• Management Style
• _______ Management a style in which the manager
  is more directive and controlling
• Useful with new employees, tight deadlines,
  assigning new tasks to inexperienced employees
• _______ Management a style in which managers
  are less directive and involve employees in
  decision-making
• Useful if employees are skilled and motivated, to
  improve group relationships, when employees are
  willing to take responsibility for their work

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7-2 Leadership
Leadership
Characteristics of Effective Leaders

• Understanding
• Initiative
• Dependability
• Objectivity
• Stability

• Cooperation
• Honesty
• Courage
• Communication
• Intelligence

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7-2 Leadership

• Preparing to Be a Leader
• ______ leadership
• ________ in organizations and activities
• _______ leadership at work
• ______ leaders
• Work with a _____
• Do a _______ and ask for ________

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7-2 Leadership

• Human Relations
• HR Skills
• Self-Understanding
• Understanding Others
• Communication
• Team Building
• Developing Job Satisfaction

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7-2 Leadership

• Influence
• _______ influence power by position
• _______ influence leaders ability to give or
  withhold rewards
• ______ influence when group members recognize
  that the leader has special expertise in the area
• ______ influence stems from personal trust and
  respect member have for the leader
• Informal Influence
• Formal Influence

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7-3 Ethical Management

• _____ Business Practices ensure that the
  highest standards of ______ are observed in a
  companys relationships with everyone who is a
  part of the business or is ______ by the
  business activities.
• Actions of individuals and groups
• Results of those actions
• Behavior is ethical if

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7-3 Ethical Management

• Ethics through Leadership
• It is a managers duty to ___________________ in
  which all employees are expected to act
  ethically.
• Many companies develop a statement of core values
  
• A company must commit to _________________
• Ethical behavior should be a part of __________
  _____________
• Being an ________________inspires others to do
  the same.