EXPLAIN THE FUNCTIONS OF THE TOP LEVEL MANAGEMENT?

Meaning: -Every level of management performs certain function. The function does vary from level to level.

The functions of Top level Management are briefly explained as follows:

1.      Mission Statement: - The top management frames mission statement of the organisation. The mission statement gives a clear direction to the activities of the organisation.

2.      Plans and Policies: -The Top management frames plans and policies from long term point of view. The long term goals and objectives of the company are set by the top management.

3.      Organising Resources: -The top management make arrangement of important physical, financial and other resources of the company.

4.      Selection: -The top management has the responsibility of selecting departmental heads and other key executives.

5.      Direction: -The top management provides necessary direction to the middle level executives to implement the plans.

6.      Control of Activities: -The top management designs and develops a system of monitoring, measurement and evaluation of performance.

7.      Motivation: -The Top management has the responsibility to train and motivate key personnel of the organisation.