Top-level managers

Date: 2015-10-07; view: 540.

Levels of management

Policies and strategies in the planning process

§ They give mid- and lower-level managers a good idea of the future plans for each department in an organization.

§ A framework is created whereby plans and decisions are made.

§ Mid- and lower-level management may add their own plans to the business's strategic ones.

Most organizations have three management levels: first-level, middle-level, and top-level managers. These managers are classified in a hierarchy of authority, and perform different tasks. In many organizations, the number of managers in every level resembles a pyramid. Each level is explained below in specifications of their different responsibilities and likely job titles.^[10]

Consists of board of directors, president, vice-president, CEOs, etc. They are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business. In addition, top-level managers play a significant role in the mobilization of outside resources and are accountable to the shareholders and general public.

According to Lawrence S. Kleiman, the following skills are needed at the top managerial level. ^[11]

§ Broadened understanding of how: competition, world economies, politics, and social trends effect organizational effectiveness .