Describe, in brief, the functions of top level management in an organisation.

(i) Determining Objectives: Top level management sets objectives for the organisation. Forexample, an objective can be set that in the following year the sales of the company has tocross ? 1,000 crore.

(ii) Determining Policies: Only at this level policies related to the realisation of objectives are
formed. For example, it can be a sales policy of a company to just make cash sales.

(iii) Determining Activities: Different activities to be performed for the fulfilment of anobjective are fixed, such as sales, purchase, advertisement, production, research, etc.
(iv) Assembling Resources: Needed resources are assembled (arranged) for the realisation ofan objective, like capital, raw-material, fixed assets, etc.

(v) Controlling the Work Performance: The work in progress is closely monitored in acompany to get desired results.

(vi) Approving Budgets: Budgets prepared by different managers are given final shape, i.e.,approval is given to the budgets.