Lesson 1: Managerial Organization

Top Management

Top-level management includes presidents, chief executive officers, vice-presidents, treasurers, controllers, and general managers. The responsibility of executing and overseeing top-level management decisions is assigned to middle management. These decisions include
  • establishing general policies
  • making operating decisions
  • formulating goals and objectives
  • planning how to accomplish goals and objectives
In a small business, the owner often assumes one or more executive roles. In larger businesses, family members sometimes fill these positions. In large corporations, the positions are filled by appointment either from within or from outside the organization.