Reference no: EM132055151
Discussion: Part 1: A system which the levels of management decided according to their authority is said to be hierarchy. Management hierarchy plays a key role in any organization. It mainly depends on the number of people required for the specific work. There are difficult things taken in to consideration for deciding the management levels like nature of the work, complexity of the things to perform. In any organization there are mainly two levels of management i.e. higher level and lower level. Higher levels means who are in vice-president levels and business heads. All other work force comes under lower level of management. There is also no specific thing taken in to consideration for deciding the higher and lower levels of management. But some companies will take the years of experience and degree of study.
Part 2: There are different types of management in any company like strategic management and operational management. The decisions taken by strategic management decides the company growth.They have to take the correct decisions in specific time, otherwise there will be more losses to company both economically and socially. Strategy management selects the operational management people and also establishes the company structure and oath.
Operational management means the people who will take care of quality of the products, distribution, and inventory. They have to try for increase the sales of their products by using the latest trends in marketing. Duties performed by them are varies depends on the organization. Strategic mangers have to
Analyze the duties performed by operational team and control them
Part 3: By using the latest information technology trends management can improve the organization name and fame. Email is one of the basic thing used in organization for storing the information in folders. They can use the latest technologies like angular js and react js for preparing the dashboards to give the demo on company financial levels .We can save the budget by using the latest informational technology advancements like artificial intelligence.
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