BASIC NOTES LEVELS OF MANAGEMENT BUSINESS STUDIES

BASIC NOTES LEVELS OF MANAGEMENT BUSINESS STUDIES

Here, we are trying to provide you some information about basic notes for business studies, business studies tutorials, CBSE business studies notes for class 11 class 12 BBA MBA BCA MCA B.com M.com BMS MMS PGDM Entrepreneur other further management class.

Today, we are going to provide basic levels of management notes CBSE study material for commerce students to become great and better managers in any organization. Previously, we studied BASIC NOTES NATURE SIGNIFICANCE OF MANAGEMENT BUSINESS STUDIESBASIC NOTES CHARACTERISTICS OF MANAGEMENT BUSINESS STUDIESBASIC NOTES CONCEPTS OF MANAGEMENT BUSINESS STUDIESBASIC NOTES OBJECTIVES OF MANAGEMENT BUSINESS STUDIESBASIC NOTES FEATURES NATURE OF MANAGEMENT BUSINESS STUDIESBASIC NOTES IMPORTANCE OF MANAGEMENT BUSINESS STUDIES, BASIC NOTES LEVELS OF MANAGEMENT BUSINESS STUDIES

BASIC NOTES LEVELS OF MANAGEMENT BUSINESS STUDIES
BASIC NOTES LEVELS OF MANAGEMENT BUSINESS STUDIES

Shiv Nadar and Suhasini are both managers of an enterprise. Shiv Nadar is the CEO of HCL and Suhasini is a branch manager at Fabmart. They manage their enterprise at different levels. Management is a universal term used for certain functions performed by individuals in an enterprise who are bound together in a hierarchy of relationships. Every individual in the hierarchy is responsible for the successful completion of a particular task. To be able to fulfill that responsibility he is assigned a certain amount of authority or the right to make a decision. This authority-responsibility relationship binds individuals as superiors and subordinates and gives rise to different levels in an organization. Generally speaking, there are three levels in the hierarchy of an organization.

Basic Notes About Business Studies Top Management

They consist of the senior-most executive of the organization by whatever name they are called. They are usually referred to as the chairman, the chief executive officer, chief operating officer, president, and vice-president. Top management is a team consisting of managers from different functional levels, heading finance, marketing, etc. For example chief finance officer, vice president (marketing). Their basic task is to integrate diverse elements and coordinate the activities of different departments according to the overall objectives of the organization. These top-level managers are responsible for the welfare and survival of the organization. They analyze the business environment and its implications for the survival of the firm. They formulate overall organizational goals and strategies for their achievement. They are responsible for all the activities of the business and its impact on society. The job of the top manager is complex and stressful, demanding long hours and commitment to the organization.

Business Studies Notes Tutorials Middle Management

Middle management is the link between top and lower-level managers. They are subordinate to top managers and superior to the first-line managers. They are usually known as division heads, for example, production manager. Middle management is responsible for implementing and controlling plans and strategies developed by top management. At the same time, they are responsible for all the activities of first-line managers. Their main task is to carry out the plans formulated by the top managers. For this they need to: interpret the policies framed by top management, ensure that their department has the necessary personnel, assign necessary duties and responsibilities to them, motivate them to achieve desired objectives, co-operate with other departments for the smooth functioning of the organization. At the same time, they are responsible for all the activities of first-line managers.

Business Studies Notes Tutorials Lower Management

Foremen and supervisors comprise the lower level in the hierarchy organization. Supervisors directly oversee the efforts of the workforce. Their authority and responsibility are limited according to the plans drawn by the top management. Supervisory management plays a very important role in the organization since they are interacting with each other.

Here, we are trying to provide you some information about basic notes for business studies, business studies tutorials, CBSE business studies notes for class 11 class 12 BBA MBA BCA MCA B.com M.com BMS MMS PGDM Entrepreneur other further management class.

Today, we are going to provide basic levels of management notes CBSE study material for commerce students to become great and better managers in any organization. Previously, we studied BASIC NOTES NATURE SIGNIFICANCE OF MANAGEMENT BUSINESS STUDIESBASIC NOTES CHARACTERISTICS OF MANAGEMENT BUSINESS STUDIESBASIC NOTES CONCEPTS OF MANAGEMENT BUSINESS STUDIESBASIC NOTES OBJECTIVES OF MANAGEMENT BUSINESS STUDIESBASIC NOTES FEATURES NATURE OF MANAGEMENT BUSINESS STUDIESBASIC NOTES IMPORTANCE OF MANAGEMENT BUSINESS STUDIES, BASIC NOTES LEVELS OF MANAGEMENT BUSINESS STUDIES

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