Question
Your father has retired as the director of a manufacturing company. At what level ofmanagement was he working? What functions do you think he was performing atthat level? State any two.
Solution
He was working at the top level management. He was performing the following functions:
(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.