Are you looking to understand different levels of management with examples or top 3 – levels of management examples then you are at right place. As previously said, management is not about a single person; rather, it is about a group of people. Management in large organizations are organized at numerous levels to management a large number of personnel and is spread across the organization to fulfill various managerial functions.
In order to carry out these operations, these persons are given significant authority and duty. The chain of authority is extend as a result of this transfer of power. This chain is separate into different levels of management, which leads to the formation of three levels of management. Read on for more information to help you comprehend the objectives of financial management topic.
Different Levels of Management with Examples
This hierarchy creates an authority-responsibility relationship between persons, resulting in many levels of management, which complicates the management system by introducing superiors and subordinates (due to the difference in authority and responsibility). These are the different levels of management as follows:
Highest Positions of Authority / Top Level of Management
It is made up of a small group of people who are in charge of leading and directing the work of others. Therefore, those with this level of authority have the most clout.
Examples of Levels of Management
Top level of management examples includes the Chairman, the Board of Directors, the Managing Director, the General Manager, the President, the Vice President, the Chief Executive Officer (C.E.O.), the Chief Financial Officer (C.F.O.), and the Chief Operating Officer.
Levels of Management Functions
(a) Defining the company’s goals. Senior executives create strategic goals. They promote both long-term and short-term goals.
(b) Developing plans and policies. Making strategic and policy decisions at the highest levels.
(c) Planning tasks for moderately responsible employees. A few mid-level employees received authority from top management.
(d) Gathering all available resources, including financial and fixed assets. The highest level of management is responsible for the management of all resources require for the company’s continual daily operations. In order to do business within the organization, they purchase fixed assets.
(e) In charge of the organization’s well-being and survival— The highest level is responsible for the organization’s survival and growth. So, they devise a strategy to ensure the organization’s smooth and successful operation.
(f) Interaction with the outside world, such as talks with government officials. Senior management maintains contact with the government, rivals, suppliers, and the media, among other groups. High-level occupations are challenging and time-consuming, necessitating many hours of planning.
(g) The well-being and survival of the organization.
Intermediate / Middle levels of Management
Individuals in this category are responsible for carrying out the highest-level plans and policies. They carry out this function by acting as a liaison between the level and the rest of management. They also do high-level duties for their department, such as formulating departmental strategies and policies, organizing and gathering resources, and so on.
Levels of Management Examples
Middle level management examples like Department heads such as the head of buying, the head of sales, the finance manager, the marketing manager, the executive officer, and the plant superintendent, among others, make up this level of management.
Levels of Management Functions
(a) Interpretation of top management policies at the lower level. Upper and lower management are link by middle management. They simply delegate top-level management’s major plans and policies to lower-level management.
(b) Organizing their department’s activities to achieve their objectives and policies. Middle-level managers are typically the department heads. As a result, they coordinate the resources and operations of their department.
(c) Identifying, recruiting, choosing, and appointing the department’s necessary employees. Although, departmental workers are chosen and appointed by middle-level management.
(d) Encouraging people to reach their maximum potential. Middle-level managers offer a number of incentives to employees in order to keep them motivated and working to their full potential.
(e) Supervising and guiding staff, as well as giving them with performance evaluations. The middle management level monitors the lower management level’s behaviour. So, they are responsible for creating their own performance evaluation reports.
(f) Collaborate with other departments to ensure seamless functioning.
(g) Putting the top-level plans into action.
Operational / Supervisory / Low Levels of Management
Managers in this category actually carry out duties or operations in line with the goals of upper and intermediate management.
Moreover, the output’s quality and quantity are dependent on the effectiveness of management at this level. At the intermediate level, they train personnel and report to management. They also have a purpose in terms of discipline. Representing the concerns or grievances of employees to upper management.
Levels of Management with Examples
Examples of levels of management includes supervisors, superintendents, foremen, sub-department executives, and clerks.
Levels of Management Functions
(a) Supervisory level managers are uniquely prepare to grasp their subordinates’ worries and frustrations since they have a personal contact with them. They submit these problems to middle-level management.
(b) Maintaining good superior-subordinate relationships. Supervisory managers create adequate working conditions and develop an environment that encourages interaction between supervisors and subordinates.
(c) With the personnel’s safety in mind. Moreover, supervisory managers foster a safe and secure work environment for their workers.
(d) Assisting middle management in the recruitment, selection, and appointment of employees. Supervisory level managers aid and support intermediate level managers in the recruitment and appointment of staff.
(e) Employees are encourage to take initiative by supervisory level managers. So, they embrace their counsel and celebrate the merits of those who provide it.
(f) They make a concentrated effort to maintain a high quality standard and a consistent flow of production. Also, supervisory level supervisors ensure that the staff follows quality standards.
(g) They are in charge of improving staff morale and developing a feeling of collaboration in them. They energise staff and improve their morale.
(h) reducing material waste.
Conclusion
It is the levels of management to take the required steps when such conditions are not satisfied. You can also read what are the management functions for more knowledge. Finally, management determines which behaviors are crucial to success, how and where they will be monitored, and who will be given the ability to take corrective action.
