BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
First level managers
|
|
Middle managers
|
|
Executive managers
|
|
Second level managers
|
Detailed explanation-1: -Explanation: Executive manager is responsible for establishing a vision for the organization, developing broad plans and strategies, and directing subordinate managers.
Detailed explanation-2: -Level of management that is responsible for establishing a vision for the organisation, developing broad plans and Strategies and directing Subordinate managers is top level management. A top level management includes chief level officers, Board of directors, general managers.
Detailed explanation-3: -Top management lays down the objectives and broad policies of the enterprise. It issues necessary instructions for preparation of department budgets, procedures, schedules etc. It prepares strategic plans & policies for the enterprise. It appoints the executive for middle level i.e. departmental managers.
Detailed explanation-4: -The highest level of management within a business is the top-level management; this is the first of the three levels. The top management definition refers to the executive managers who lead the organization as a whole and have the most authority when making business decisions.
Detailed explanation-5: -Q.3 Name the level of management at which the managers are responsible for implementing and controlling the plan and strategies of the organisation. Answer: Middle level.