Levels Of Management
In business, there are generally three levels of management: Top, Middle, and Lower.
Top Management
This is the highest level of management, consisting of senior executives like the CEO and directors.
They make strategic decisions.
Roles:
- Give direction to the business.
- Establish vision, mission, goals, and objectives.
- Plan the future of the business.
- Oversee the overall performance of the business.
(Watch the video for a detailed explanation with examples.)
Middle Management
This serves as a vital link between top and lower management. It includes department managers, such as the finance manager or marketing manager.
They make tactical decisions.
Roles:
- Act as the link between top and lower-level management.
- Turn strategic decisions into actionable steps.
- Acquire and allocate resources needed in their departments.
- Oversee departmental performance.
Lower Management
This is also known as frontline management, this level includes supervisors, foremen, and team leaders.
They make operational decisions.
Roles:
- Handle day-to-day operations.
- Guide and motivate workers.
- Implement the objectives set by middle management.
- Communicate staff needs and challenges to middle management.
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