management follow a hierarchy for the purpose of smooth functioning of the organization. elaborate about the same with an example.
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Top-Level Management
Top-level managers determine broad strategic strokes for the organization in general, and focus on the big picture.
LEARNING OBJECTIVES
Understand the responsibilities and characteristics of top-level management
KEY TAKEAWAYS
Key Points
Vertically ordering managerial functions allows managers at different tiers to focus on different ranges or scopes of organizational behavior and strategy.
One of the weaknesses of this type of managerial organization is that it can polarize power and salary, as well as create a rigid structure that reduces information flow.
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