This
level is the top most of the organizational hierarchy and is very vital for any
organization because it frames the policies and procedures to be followed to attain
the pre determined objectives of the business. They plan and control the whole
affairs of the organization.
POSITIONS: This level consists of the
Board of Directors, General Manager, Managing Director, Secretary, or any other
person holding similar position by whatever name assigned or called.
FUNCTIONS: The specific functions of this
level are summed up as:-
§ To draft plan, to decide about
the object to be achieved, the process to be implemented etc.
§ To define the general policies
and their implementation.
§ To make decisions and take
actions.
§ To acquire the capital and make
effective use of it by allocating it properly to various activities.
§ To designate position, fix responsibility,
and delegate power.
§ To control each activity by
proper budgeting.
§ To control cost.
§ To satisfy the society and
corporate world.
The
other levels of management would be discussed consecutively.
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