explain the functions of top level management.
Top level management is responsible for making strategic decisions and setting the overall direction of the organization. They are also responsible for ensuring that the organization is financially stable, achieving its goals, and meeting the needs of its stakeholders. The functions of top level management can be broken down into the following categories:
1. Planning
Top level management is responsible for creating a strategic plan for the organization. This includes setting goals, identifying resources needed, and determining the best course of action to achieve those goals.
2. Organizing
Top level management is responsible for organizing the various departments and functions within the organization. This includes determining the roles and responsibilities of each department, as well as how they will work together to achieve the organization's goals.
3. Staffing
Top level management is responsible for hiring and managing the senior leadership team. This includes setting expectations, providing feedback and coaching, and ensuring that the team is aligned with the organization's goals.
4. Directing
Top level management is responsible for providing direction to the organization. They provide guidance and support to the senior leadership team to ensure that the organization is moving in the right direction and achieving its goals.
5. Controlling
Top level management is responsible for monitoring the performance of the organization. This includes setting performance metrics, monitoring progress, and taking corrective action when necessary.
In summary, top level management is responsible for setting the strategic direction of the organization and ensuring that it is financially stable, achieving its goals, and meeting the needs of its stakeholders. They are responsible for planning, organizing, staffing, directing, and controlling the organization to achieve its objectives.
explain the functions of top level management.
the functions of top level management are:1.frames plan and policies from long term point of view.2.makes arrangement of important physical,financial and other resources of the company3.designs and develops a system of monitoring,measurement and evaluation of performances.4. provides necessary direction to the middle level executives to implement the plans.5.responsibility to train and motivate key personnel of the organisation.