ENTREPRENEURSHIP

Detailed explanation-1: -As you move up the pyramid, management positions get more demanding, but they carry more authority and responsibility (along with more power, prestige, and pay). Top managers spend most of their time in planning and decision making, while first-line managers focus on day-to-day operations.

Detailed explanation-2: -1) Top level: It oversees the goals, policies, and rules of the organization and is the ultimate source of power and authority. Their main purpose is to spend time on making strategic planning, coordinating, and execution of functions in the organization.

Detailed explanation-3: -Managers at the senior management level are responsible for the entire organization, especially its strategic direction. They devote more of their time on conceptual issues. They concentrate on activities related to long-range planning, monitoring business indicators, coordinating, and internal consulting.