Types of Management

Types of Management

Management can be broadly divided into three categories i.e. Top level management, middle management and operational management.

1.    Top Level Management

Top level management includes director & chief executives. Top level management is responsible primarily set the overall direction for the organization and take strategic decision. Top level management oversees the overall performance of organization and performance of middle & operational management. Examples of Top Level Decisions are

·         Entry into the New Business

·         Launch of New Product Line

·         Structure of Financing for company

·         Dividend Payment Ratio

·         Core objective of Business

2.    Middle Management

Middle management is second tier of manage and take medium term decisions. Middle management primarily looks after or reviews the work of the operational management. This level of management primarily performs the review & controlling role within organization. Middle management makes following types of decisions;

·         Allocation of Required Resources

·         Goal or Target Setting for operational Manager

·         Review the performance of operational Manager

·         Establishment different Control procedures

·         Review the Compliance with set procedures

·         Approve operational budgets.

3.    Operational Management

Operational management is primarily responsible to carry out the operations. The examples of this management are assistant managers, supervisor, etc. These types of manager are involved in day to day decision making. The nature of these decision include the following,

·         Focuses on Efficiencies improvement of task assigned

·         Timely completion of tasks.