BUSINESS MANAGEMENT (230)

Transcription

1 DESCRIPTION Business Management 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. Total Test Questions: 49 Levels: Grades Units of Credit:.50 Prerequisites: None STANDARDS, OBJECTIVES, AND INDICATORS STANDARD 1 IDENTIFY AND DESCRIBE THE PLANNING FUNCTION OF MANAGEMENT. Explain what planning is and the importance of planning. Explain the business decision-making process. Distinguish between strategic (long-term) and operational (short-term) plans. Identify planning tools used in project planning (budgets, schedules, policies, etc.). STANDARD 2 IDENTIFY AND DESCRIBE THE ORGANIZING FUNCTION OF MANAGEMENT. 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. Evaluate the advantages and disadvantages of each form of ownership. Identify types of organization structure: line, line and staff, matrix, team, committee, and grapevine (optional); centralized vs. decentralized; understand organization charts. STANDARD 3 9 % of Exam Blueprint IDENTIFY AND DESCRIBE THE DIRECTING (LEADERSHIP) FUNCTION OF MANAGEMENT. Identify leaders and effective leadership qualities. Compare and contrast leadership styles: autocratic, democratic, laissezfaire Page 1 of 3

2 Standard 3 continue. Describe techniques managers use to motivate individual employees (e.g., goal setting, management, cross-training, empowerment, and selfdirection). Understand professionalism and why participation in professional associations is important. STANDARD 4 9% of Exam Blueprint IDENTIFY AND DESCRIBE THE CONTROLLING AND EVALUATING FUNCTIONS OF MANAGEMENT. Describe the importance of business mission statement, vision statements, goals (long-term) and objectives (short-term). Understand need to measure performance against established expectations (e.g. Performance gaps). Evaluate and determine alternative actions when goals are not being met in a specific situation (e.g., changing goals, changing strategies). STANDARD 5 ANALYZE AND UNDERSTAND THE IMPORTANCE OF FINANCIAL INFORMATION. Know basic financial terms (e.g. assets, liabilities, owner s equity, revenue, expenses). Understand the purpose of various financial statements.(e.g. Income Statement & Balance Sheet). Analyze and interpret the data that appears on financial statements, for managerial decisions making. Identify sources for securing financing to start and operate a business (e.g. personal savings, bank financing, SBA loans, and venture capital). STANDARD 6 UNDERSTAND BASIC ECONOMICS CONCEPTS. Understand economic terms (e.g. recession, depression, inflation, GDP, etc.). Identify ways businesses compete domestically and globally. Understand forces of supply and demand in the economy. Compare various types of competition (e.g. monopoly, monopolistic competition, oligopoly, pure competition) Page 2 of 3

3 STANDARD 7 UNDERSTAND BASIC MARKETING CONCEPTS. Identify and understand the four P s. Identify the elements of product development. Understand the use of pricing strategy. Identify and understand distribution channels (place). Objective 5: Recognize the different types of promotion. STANDARD 8 DESCRIBE HUMAN RESOURCE MANAGEMENT AND ITS IMPORTANCE TO THE SUCCESSFUL OPERATION OF AN ORGANIZATION. Understand management theories: Theories X, Y, Z, Herzberg s, Maslow s Hierarchy of Needs, etc. Identify methods used in recruiting, hiring, training, and firing of employees. Identify trends in the modern workplace such as downsizing, quality control circles, teams, flexible work schedules, job-sharing, telecommuting, etc. Understand compensation and benefits. STANDARD 9 8% of Exam Blueprint UNDERSTAND AND IDENTIFY ETHICS AND SOCIAL RESPONSIBILITY AS IT RELATES TO BUSINESS. Describe a business code of ethics. Explain the overall nature of social responsibility (e.g. philanthropy, human rights violations, child labor, etc.). Understand the impact of business on the environment. STANDARD 10 8% of Exam Blueprint UNDERSTAND LAWS THAT REGULATE BUSINESS. Describe how the workplace has changed as a result of labor legislation (e.g., drug testing, ADA, sexual harassment, safety, right-to-privacy, affirmative action, termination/demotion, etc.) Understand laws pertaining to business practices (Sherman Act, Wheeler Lea Act, Clayton Act, Robinson-Patman Act). Know the legal aspect of starting a business (e.g. licensing, zoning, taxations, etc.) Analyze and identify illegal marketing practices Page 3 of 3

4 PERFORMANCE STANDARD EVALUATION CHECKLIST Student Name Instructor s Name School District Performance Rating Scale: Limited Skills..... Moderate Skills..High Skills Performance assessments may be completed and evaluated at any time during the course. The following performance skills are to be used in connection with the associated written exam. To pass the performance standard the student must attain a performance standard average of 8 or higher on the rating scale. Students may be encouraged to repeat the objectives until they average 8 or higher for the following elements: PERFORMANCE SKILLS STANDARDS STANDARD 1 Locate information on an existing corporation. Mission statement Company history (story) Organization Plans for the future Code of ethics (conduct) STANDARD 2 Study a business leader and prepare a biographical essay. Determine their management/leadership style STANDARD 3 Prepare a financial statement. Income Statement or Balance Sheet STANDARD 4 Complete a current human resource case study P a g e 1

5 PERFORMANCE SKILLS STANDARDS STANDARD 5 Complete a case study on business ethics. STANDARD 6 Organize or participate in one of the following activities: Class Presentation School service activity Collaborative activity PERFORMANCE STANDARD AVERAGE Average: P a g e 2