ENTREPRENEURSHIP

Detailed explanation-1: -The role of top management is setting the goals for the organisation and formulating policies and plans to achieve those goals.

Detailed explanation-2: -Top-level managers plan out procedures, duties, regulations, and systems for guiding the overall direction of the organization. They are also responsible for setting objectives for the staff to achieve.

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.