4. What three basic levels of management can be identified in most organizations? How precise are the lines differentiating these levels? In which of the basic areas do managers work?
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Answer :
Key Points ⇒
The three levels of management typically found in an organization are low-level management, middle-level management, and top-level management.
Top-level managers are responsible for controlling and overseeing the entire organization.
Middle-level managers are responsible for executing organizational plans which comply with the company’s policies. These managers act at an intermediary between top-level management and low-level management.
Low-level managers focus on controlling and directing. They serve as role models for the employees they supervise.
Key Terms ⇒
hierarchy: Any group of objects ranked so that every one but the topmost is subordinate to a specified one above it.
manager: A person whose job is to manage something, such as a business, a restaurant, or a sports team.
board of directors: A group of people, elected by stockholders, to establish corporate policies, and make management decisions.
top management: company employees responsible for controlling and overseeing the entire organization
middle management: company employees that are accountable for controlling and overseeing a department.
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