Management is the process of using organizational resources effectively and efficiently to achieve organizational goals through planning, organizing, leading/directing, and evaluating/controlling. Management education helps students understand and analyze various management theories and apply them to the workplace. Management education also helps students understand basic management functions, their interrelationships, and the organization’s competitive niche.

Successful managers are able to maximize the utilization of human resources. They are leaders who understand the benefits of teamwork and consensus building inside and outside an organization’s operations. They recognize the importance of technology and information management in the decision-making process and the value of ethics and social responsibility in building and maintaining business relationships. And like entrepreneurs, successful managers know that the ability to discern and respond quickly to changing economic conditions and new business opportunities is crucial to remaining viable in the marketplace.

These revised standards therefore reflect

• an increased emphasis on the higher-level thinking skills required to successfully manage people and businesses,

• a recognition of the role change management plays in today’s organizations,

• an appreciation for the importance of ethical and corporate responsibility, and

• the necessity of incorporating global perspectives in business today.

The study of management is an essential component in the design and delivery of the business education curriculum. The standards outlined in this section provide a solid framework for helping students build a strong knowledge base and develop effective management skills. Mastery of these standards will help students lay the groundwork for managerial competence in the global marketplace.
 

I. Management Functions
Achievement Standard: Analyze the management functions and their implementation and integration within the business environment.
 
II. Management Theories
Achievement Standard: Analyze management theories and their application within the business environment.
 
III. Business Organization
Achievement Standard: Analyze the organization of a business.
 
IV. Personal Management Skills
Achievement Standard: Develop personal management skills to function effectively and efficiently in a business environment.
 
V. Ethics And Social Responsibility
Achievement Standard: Examine the role of ethics and social responsibility in decision making.
 
VI. Human Resource Management
Achievement Standard: Describe human resource functions and their importance to an organization's successful operation.
 
VII. Organized Labor
Achievement Standard: Describe the role of organized labor and its influence on government and business.
 
VIII. Technology and Information Management
Achievement Standard: Utilize information and technology tools to conduct business effectively and efficiently.
 
IX. Industry Analysis
Achievement Standard: Analyze a business organization's competitive position within the industry.
 
X. Financial Decision Making
Achievement Standard: Analyze financial data influenced by internal and external factors in order to make short-term and long-term decisions.
 
XI. Operations Management
Achievement Standard: Apply operations management principles and procedures to the design of an operations plan.
 
XII. Global Perspective
Achievement Standard: Examine the issues of corporate culture and managing in the global environment.

From the National Standards for Business Education © 2007 by the National Business Education Association, 1914 Association Drive, Reston, VA 20191.