Write the meaning of 'Level of Management'. What are the main functions of toplevel management?

Solution

Meaning of Level of Management: It refers to a line of demarcation between variousmanagerial positions in an organisation. They lay down the authorities of the managers.
Functions of Top Level Management:
(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.

Some More Questions From Nature and Significance of Management Chapter

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Nature And Significance Of Management

Write the meaning of 'Level of Management'. What are the main functions of toplevel management?

Some More Questions From Nature and Significance of Management Chapter

Explain, in brief, ‘management’ as a process.

How is Management a 'Goal Oriented Process'?

Management is not visible, it can only be felt. Explain.

How is management a Continuous Process?

Explain, in brief, management as a 'Dynamic Function'.

Explain 'Management of people' as a dimension of management.

Explain in brief, 'management' as a group of people having managerial responsibilityfor an enterprise.

State any two characteristics of management.

What is meant by Management?

What does a manager aspire while doing work?

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