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COURSE DESCRIPTION
This Business Management course seeks to develop sound management concepts within students, as management plays a role in any future employment opportunity. Students are able to analyze, synthesize, and evaluate data from the other functional areas of business (e.g., marketing, finance, and production). Effective management requires decision-making abilities, long-range planning knowledge, human relations expertise, and motivational skills. Students learn the four basic functions of management.
CORE STANDARDS, OBJECTIVES, AND INDICATORS
STANDARD 1
Students will identify and describe the planning function of management.
Objective 1: Explain what planning is and the importance of planning.
Objective 2: Explain the business decision-making process.
Objective 3: Distinguish between strategic (long-term) and operational (short-term) plans.
Objective 4: Identify planning tools used in project planning (budgets, schedules, policies, etc.).
STANDARD 2
Students will identify and describe the organizing function of management.
Objective 1: Identify and provide examples of basic ownership forms: sole proprietorship, partnership, corporations, franchises, cooperatives, S-corporations and evaluate the advantages and disadvantages of each form of ownership.
Objective 2: Evaluate the advantages and disadvantages of each form of ownership.
Objective 3: Identify types of organization structure: line, line and staff, matrix, team, committee, and grapevine (optional); centralized vs. decentralized; understand organization charts.
STANDARD 3
Students will identify and describe the directing (leadership) function of management.
Objective 1: Identify leaders and effective leadership qualities.
This Business Management course seeks to develop sound management concepts within students, as management plays a role in any future employment opportunity. Students are able to analyze, synthesize, and evaluate data from the other functional areas of business (e.g., marketing, finance, and production). Effective management requires decision-making abilities, long-range planning knowledge, human relations expertise, and motivational skills. Students learn the four basic functions of management.
CORE STANDARDS, OBJECTIVES, AND INDICATORS
STANDARD 1
Students will identify and describe the planning function of management.
Objective 1: Explain what planning is and the importance of planning.
Objective 2: Explain the business decision-making process.
Objective 3: Distinguish between strategic (long-term) and operational (short-term) plans.
Objective 4: Identify planning tools used in project planning (budgets, schedules, policies, etc.).
STANDARD 2
Students will identify and describe the organizing function of management.
Objective 1: Identify and provide examples of basic ownership forms: sole proprietorship, partnership, corporations, franchises, cooperatives, S-corporations and evaluate the advantages and disadvantages of each form of ownership.
Objective 2: Evaluate the advantages and disadvantages of each form of ownership.
Objective 3: Identify types of organization structure: line, line and staff, matrix, team, committee, and grapevine (optional); centralized vs. decentralized; understand organization charts.
STANDARD 3
Students will identify and describe the directing (leadership) function of management.
Objective 1: Identify leaders and effective leadership qualities.