Levels of Management can be generally classified into three principal
categories, all of which direct managers to perform different functions.
1. Top Level of Management
– This level consists of an organization’s board of directors and the
chief executive or managing director. It is the ultimate source of
power and authority, since it oversees the goals, policies, and
procedures of a company. Their main priority is on the strategic
planning and execution of the overall business success.
– In detail:
+ Laying down the objectives and broad policies of the business
enterprise.
+ Issuing necessary instructions for the preparation of department-
specific budgets, schedules, procedures, etc.
+ Preparing strategic plans and policies for the organization.
+ Appointing the executives for middle-level management, i.e.
departmental managers.
+ Establishing controls of all organizational departments.
+ Providing overall guidance, direction, and encouraging harmony
