What Are The Highest Level Of Management In An Industry?
Management in industry is one of the core areas that every business faces problems conducting smoothly. If we consider what is the common issue that every business faces today, then we need to encounter the management of the business.
If you are a beginner in this field and just started your business, then go through this article. Here we are discussing the highest level of management in the industry.
However, the top-level managers are the Chief executive officer (CEO), Chief operating officer(COO), Chief financial officer (CFO), President, Vice president, and Board of directors. Here, we categorize management into three categories. So, let’s keep on reading till the end point of this article.
What Is Management In Industry?
Industrial management deals with construction, application of science, industrial design, management, and implementation of engineering knowledge to develop the entire industrial process and infrastructure.
Industrial management focuses on the management of the industrial process. However, the basic definition of managing is to supervise the entire business process and work for business growth and development.
On this note, we would clear that management differs at different levels of business. Hence, here we are discussing industrial management, so go through the below part.
The 3 Different Stage Of Industrial Management
The term stage of management or level of management refers to the division that exists between different managerial positions. According to the workforce pressure and size of the company, the management needs to increase along with them to conduct the business process properly.
The different levels of industrial management refer to the chain of management and the amount of authority systems that help to make decisions in the planning section at the right time.
In this article, we will explore each level of industrial management as well as its responsibilities.
1. Top Level Of Management: Administrative
The top level of management content with the CEO (Chief executive officer) or managing director and board of directors. You can consider it as the ultimate source of authority. This level of management is responsible for business policies, goals, and work productivity.
However, they conduct meetings with human resources for hiring planning. Apart from this, they sit for multiple meetings for strategic planning and execution of the entire business process.
The responsibilities and roles:
- Assess the company objectives and business broad policies.
- Prepare business strategy planning.
- Establish controls for all departments. In running a large company or industry it is important to take control over all the departments otherwise you can’t establish your company’s future in the marketplace.
- Since the top management level is responsible to listen to other management-level position officers to understand the core factor of business. However, at the top of the position, it is difficult to understand the ground level of the business.
- Providing direction, guidance and encouragement are required to develop a business.
2. Executive Or Middle Level of Management
Well, in this level of management, the department and branch managers are there. These officers are responsible and accountable always to the top-level management or authority. The executive level of management work for organizing process directional functions.
Small businesses follow a one-layer middle level of management while big industries have two stages of management.
The responsibilities and role of the management can be:
- Making a plan for the subdivision of the organization.
- Sending data and reports to the top management team.
- Take part in the training and hiring process of the lower level of management.
- Assess the performance of the junior manager.
- Encourage lower-level managers to increase their performance.
- The foremost important thing is explaining the business policies to the subunits of the organization.
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3. Lower Level of Management Or, Operative or Supervisory
This is the last level of management of the organization. Here firemen, superintendents, foreman and section officers have taken charge to manage this level of the business process. However, the manager of the low-management team focuses on the day to day work.
The responsibilities and roles of the lower management team:
- Assign day to day work to different employees or workers.
- Instruction or guiding workers in daily activities.
- The most important thing is to maintain a good relationship with low level employees of the company.
- Prepare monthly reports regarding employee performance.
- Participating in the training and hiring process.
- Ensure disciplinary activities and healthy work culture.
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At the end of this article, we would say that management plays a great role in the success of the business. For every business that can be small or large, the management team takes responsibility for the high level of business goals.
When a business starts its journey, the owner is the manager or one member of the management team, as the business enhances, members eventually join the management team.
Therefore, every member of the management team always needs to focus on business growth. Finally, you can visit our website to get more info regarding business and it’s all facts.