Explain levels of management.
Levels of Management: Industrial management has got the given activity levels:
1) Top Management: this includes Board of Directors, Managing Directors, General Managers, Chief Executive, Owners and Share holders.
Top management functions are as follows:-
a) Setting fundamental goals and objectives
b) Contracting or expanding activities
c) Establishing policies
d) Monitoring performance
e) Designing or redesigning organization system
f) Shouldering financial duties.
2) Upper middle management: This includes Sales executive as Manager, Production executive, Accounts executive, R and D executive and Finance executive.
Upper Middle Management functions are as follows:-
a) Establishment of the organization
b) For lower levels of management staff selection
c) Installing various departments
d) Designing operating routines and policies
e) Assigning responsibilities to their subordinates.
3) Middle Management: This includes Superintendents, General Managers and Branch managers.
Middle management Functions are as given below:
a) To help to run organization smoothly
b) To know the interlocking of departments in main policies
c) To achieve coordination among different parts of the organization
d) To conduct training for employee development
e) To build an efficient company team spirit
4) Lower Management: This includes Foremen, charge-hands or Supervision, Office superintendent and Inspectors.
Lower management Functions are as follows:
a) Direct supervision work of workers
b) Developing and enhancing work operation and methods
c) Inspection
d) Imparting instructions to workers
e) To provide finishing touch to the plans and policies of top Mgt
f) To serves as links in between Top Mgt and operating force as workers
g) To communicate feeling of the workers to the top management.