Levels of management

LIMNAS KN

Commerce 

Plus two

Chapter 1: Nature and Significance of Management 

Topic: Levels of Management

       LEVELS OF MANAGEMENT

Meaning of Management;

     Management is the process of coordination  and administration of tasks that is required to achieve the goals of the organization. It is also referred to at the art of making things happen with the help of Resources. 

       Management is required for an established life and essential for managing all types of organizations. A sound management system is the fortitude of thriving companies. Managing life implies getting everything done to accomplish the aspirations of life and maintaining an establishment. This means getting things done with and by other people to fulfill it's objectives.

          To put in other words, the organization and coordination of the pursuits of an industry for the idea of accomplishing determined objectives efficiently and thoroughly are marked as management. 

         This authoritatively obligatory association connects individuals al subordinates and superiors and gives nice to distinct degrees in an establishment There are 3 levels in the ranking order of an establishment. and they are;

1. TOP-LEVEL MANAGEMENT
2. MIDDLE-LEVEL MANAGEMENT                                             
3. LOWER-LEVEL MANAGEMENT    
     
                                                                    
                                                          

TOP-LEVEL MANAGEMENT

   They comprise of the senior-most executives of the company. They are normally regarded as the Chairman, the Chief Executive Officer(CEO),the Chief Operating officer (COO), President and Vice President ( VP) .Top management is a team consisting of managers from various operational levels , managing marketing , finance etc . For instance Chief Finance  Officer (CFO ), Vice President ( marketing) whose primary task is to combine various components and regulate the actions of different units according to the overall objectives of the company 

FUNCTIONS OF TOP - LEVEL MANAGMENT:

• Lays down the objectives of the business
• Prepares strategic plans and policies
• Appoint middle level managers
• Issues necessary instructions to departmental heads
• To maintain relations with outside agencies like govt., public, trade union, etc.
• Co-ordinate and control all the departments in the organization

MIDDLE-LEVEL MANAGEMENT

   It is the connection between top and lower level managers. They are lower to the top managers and above to the first line managers. Middle management is accountable for executing and regulating systems and maneuverings generated by the top management. They are normally called as division heads, for instance, Production Manager.
               At the same time, they are liable for all the actions of the first-line managers. Their principal task is to bring out the plans formed by the top managers. For this purpose, they have to

• Understand the procedures outlined by the top management
• Guarantee that their staff has the required workers
• Designate certain tasks and duties to them, and drive them to accomplish the aspired objectives
• Interact with other departments for the stable operation of the company. At the same time, they are subject to all the actions of the first-line managers
• To act as a link between Top-level management and Lower-level management
• Assign necessary duties and responsibilities to the subordinates
• Motivate them to achieve desired objectives
• Co-operate with other departments
• Reporting to Top-level management

LOWER-LEVEL MANAGEMENT

        Managers and supervisors make up the lower level of the management in the hierarchy of the business. Supervisors immediately manage the efforts of the work force. Their power and ability are defined according to the maps drawn by the top level management.

        This level includes foremen, supervisors, finance and accounts officers, sales officers, etc. This level of managers have direct contact with employees.

FUNCTIONS OF LOWER - LEVEL MANAGMENT:

• Plan day - to - day production activities
• Assign workers to different jobs
• Solve the problems of workers
• Provide job training to workers
• Looking after safety of workers
• Send periodical report to middle level management
• Act as a link between management and employees