Define management. Write a detailed note on management levels.
Management is an individual or a group of individuals that accept responsibilities to run an organisation. They Plan, Organise, Direct and Control all the essential activities of the organisation. Management does not do the work themselves. They motivate others to do the work and co-ordinate all the work for achieving the objectives of the organization.
There are three types of Management levels:
Top Level of Management
The Top Level Management consists of the Board of Directors (BOD) and the Chief Executive Officer (CEO). The Chief Executive Officer is also called General Manager (GM) or Managing Director (MD) or President. The Board of Directors are the representatives of the Shareholders, i.e. they are selected by the Shareholders of the company. Similarly, the Chief Executive Officer is selected by the Board of Directors of an organization. The main role of the top level management is summarized as follows:
The top level management determines the objectives, policies and plans of the organization.
They mobilises (assemble and bring together) available resources.
The top level management does mostly the work of thinking, planning and deciding. Therefore, they are also called as the Administrators and the
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