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Briefcase

Unit 2 - Human Resource Management - QB

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Chart Increasing

Unit 1 - Introduction To Business Management - QB

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Money Bag

Unit 3 - Finance & accounts - QB

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Direct Hit

Unit 4 - Marketing - QB

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Factory

Unit 5 - Operations management - QB

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Bar-Chart

Unit 6 - Assessment

Fun fact: Did you know management is like being a director in a movie? You don&#39;t act out the scenes, but you make sure everyone does their part perfectly!

<ul>
	<li>
	It&#39;s all about those special folks in an organization who make sure things get done.
	</li>
	<li>
	They don&rsquo;t do the primary tasks but oversee that these tasks meet standards.

	📺 Real-world example: In a TV manufacturing company, the managers aren&#39;t soldering components or attaching screens. They&#39;re ensuring that the TVs are made to perfection!
	</li>
</ul>

<ul>
	<li>Top Management: The big bosses! Think CEO or Heads of Departments (HR, Marketing, Operations, etc.)</li>
	<li>Middle and Lower Management: This goes from office managers all the way to floor supervisors. Even the person overseeing the office coffee machine could have a managerial aspect!</li>
</ul>

(Because, remember, every ride has its steps!)

Henri Fayol, our French coal mining hero from 1916, gave us the 411 on management functions:

<ul>
	<li>
	Planning: It&#39;s like setting your GPS before a trip. Managers decide where the organization needs to go and how to get there. These plans can be long-term, mid-term, or just for the day.

	🏰 Real-world example: Disney plans which new theme parks to open, where to open them, and what rides to include.
	</li>
	<li>
	Organizing: Making sure you have everything for your trip. Managers ensure the organization has all the resources (like people, money, equipment) it needs to hit those objectives.

	🛍️ Real-world example: Before a Black Friday sale, stores organize extra stocks, hire additional staff, and ensure extra cash registers are working.
	</li>
	<li>
	Commanding: Like a captain guiding their ship. Managers tell everyone their roles and ensure they know how to do their tasks.

	🍔 Real-world example: In a fast-food restaurant, managers assign roles: who takes orders, who cooks, and who handles the drive-thru.
	</li>
	<li>
	Coordinating: Think of it as ensuring all members of a band play in harmony. Managers make sure all parts of the business work together seamlessly.

	🎤 Real-world example: In organizing a concert, managers coordinate ticket sales, stage setup, and artist schedules so everything goes smoothly.
	</li>
	<li>
	Controlling: It&#39;s like a video game where managers have the controls. They ensure quality, can modify processes, and adjust the scale of operations as needed.

	🚗 Real-world example: Car companies do quality checks. If they spot defects, they fix the manufacturing process. 
	 
	Golden Nugget: Fayol believed his management functions weren&#39;t just for coal mines or French companies. They&#39;re UNIVERSAL &ndash; meaning they can apply anywhere, from a school to a space agency!
	</li>
</ul>

Unlocking The Five Key Functions Of Effective Management

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Higher Level

Business Management HL

Unit 2 - Human Resource Management - QB

Unlocking The Five Key Functions Of Effective Management

Table of content

What is management? 🔍

Unlock the Full Content!

Unit 2 - Human Resource Management - QB

Unlocking The Five Key Functions Of Effective Management

Table of content

What is management? 🔍

Unlock the Full Content!