Mention the broad categories of management level and implications to organizational success
Answers
Explanation:
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.
Top-level managers (such as CEOs) tend to be big-picture strategic thinkers with a substantial amount of experience in the industry and/or function they manage.
The executive team focuses on determining long-term strategy, strategic alliances, large financial decisions, and management of stakeholders (and the board of directors).
Key Terms
hierarchical: Ranked in some order, often order of importance or power.
Explanation: