Top management coordinates efforts at the highest level; it is responsible for the entire organization's activities. In a private business firm, top management usually includes the president, the chairman or chairwoman of the board (if one exists), the chief executive officer, and key vice presidents. These managers make decisions about the firm's policies and long-range plans; they establish procedures for carrying out policies and plans approved by the board of directors; and they make decisions about new operations, products, and expansion plans. These executives also carry out the firm's policies relating to community and government matters.
Friday, October 28, 2011
Top Management
Top management coordinates efforts at the highest level; it is responsible for the entire organization's activities. In a private business firm, top management usually includes the president, the chairman or chairwoman of the board (if one exists), the chief executive officer, and key vice presidents. These managers make decisions about the firm's policies and long-range plans; they establish procedures for carrying out policies and plans approved by the board of directors; and they make decisions about new operations, products, and expansion plans. These executives also carry out the firm's policies relating to community and government matters.
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