The hierarchy of management from top to bottom is called levels of management. There are three kinds of levels of management:
Functions of top level management :
1) They formulate the overall organsational goals and starategy.
2) They are responsible for the success and failure of the organisation.
3) They are responsible for all the business activities and its impact on society.
4) Maintain contact with outside world.
Functions of middle level management:
Functions of LOWER level Management:
Geetika is working at the top level of management in the private sector bank. The three other functions that she has to perform at this level are outlined below:
She has to coordinate the activities of different departments in pursuit of common goals.
Henceforth, Arundhati will be working at middle level of management.
The four functions that she will have to perform at this level are stated below:
She has to co-operate with the other departments for ensuring smooth functioning of the organization.