The are three levels of management
- Top level of management
- Middle level of management
- Lower level of management
- Top level management
It is also called the strategic level of management.
It consists of the board of directors, chief finance executive, chief finance officer and other senior managers
Functions of top-level management include;
- To oversee running of the entire organization
- To develop mission and vision statement of the organization
- To develop a strategic plan
- To develop company policies and procedures
- To mobilize resources to finance the organization
- Formulate strategies which need to be implemented
- To monitor and evaluate performance of organization
- Approve the budget of the organization
- Be accountable to shareholders for performance of organization
- To facilitate hiring of top-level managers
- Make strategic decision of organization
- Middle level management
It is also called the tactical level of management
It consists of departmental managers in charge of human resource, marketing, procurement, sales, finance, production and administration departments, branch level managers
Functions of the middle level of management
- Implementing strategic plan
- Developing departmental plans
- Settting departmental goals
- Designing deparmetal progams
- Monitoring departmental programs
- Organizing departmental activities
- Monitoring lower level managers
- Hiring and training of departmental staff
- Lower level management
It is also called operation level of management
It consist of supervisors, section heads and foremen
They are involved in the daily running and operation of the organization
Functions of the lower level of management
- Preparing daily work plans
- Setting daily goals and objectives
- Assigning daily tasks to subordinates
- Supervising day to day activities
- Ensuring daily targets are met
- Being accountable for daily production
- Channeling the grievances of employees to senior management
- Maintaining discipline among subordinates
- Taking daily stock of materials purchases
- Preparing and submitting daily work plans
- Ensuring safety within the work place
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