Levels of Management

Management is universally necessary in all organizations. According to peter drucker, “management is the life giving element in every business. Without it, the resources of production remain resources and shall never become production. Management helps in achieving the goals of the organization and creates a dynamic organization. There are three levels of management required for successful business, they are:

Top level management: it consist of board of directors, chief execuitive officers, chairman, managing director and vice president. Their main functions are coordinating the activities of different departments, formulating overall organizational goals and strategies.
Middle level management: it consists of functional managers/departmental heads such as finance manager, marketing manager, production manager or plant superintendent. The main functions of middle level management are finding out the suitable operative and supervisory personnel and assigning duties and responsibilities to them. They motivate the personnel foe higher productivity and rewarding them for their merit, capacity and caliber.
Operational management: it refers to the bottom level in the managerial hierarchy of the organization. It consists of supervisors, foremen and inspectors. They interact with the actual work force and pass on instructions of the middle management to workers.