Top Level Of Management Business Essay

Top Level Of Management Business EssayIt consists of board of directors, chief executive or managing director. The top focal point is the ultimate source of authorisation and it manages goals and policies for an enterprise. It entrusts more time on planning and coordinating functions.The branch managers and departmental managers constitute middle level. They are responsible to the top management for the functioning of their department. They devote more time to organizational and directional functions. In diminutive organization, there is only one layer of middle level of management but in big enterprises, there may be senior and junior middle level management. Their role can be emphasized as They execute the plans of the organization in accordance with the policies and directives of the top management.They make plans for the sub-units of the organization.They participate in employment training of lower level management.They interpret and explain policies from top level manageme nt to lower level.They are responsible for coordinating the activities within the division or department.It similarly sends important reports and other important data to top level management.They esteem performance of junior managers.They are also responsible for inspiring lower level managers towards better performance.Lower Level of ManagementLower level is also known as supervisory / operative level of management. It consists of supervisors, foreman, section officers, superintendent etc. According toR.C. Davis, Supervisory management refers to those executives whose survey has to be largely with individual(prenominal) oversight and direction of operative employees. In other words, they are concerned with direction and controlling function of management. Their activities include Assigning of jobs and tasks to various workers.They guide and con workers for day to day activities.They are responsible for the quality as well as quantity of production.They are also entrusted with the responsibility of maintaining good relation in the organization.They communicate workers problems, suggestions, and recommendatory appeals etc to the higher level and higher level goals and objectives to the workers.They help to solve the grievances of the workers.They supervise guide the sub-ordinates.They are responsible for providing training to the workers.They arrange necessary materials, machines, tools etc for getting the things done.They prepare periodical reports about the performance of the workers.They ensure discipline in the enterprise.They motivate workers.They are the image builders of the enterprise because they are in direct pass on with the workers.Your line of merchandise is changing. With the passage of time, your keep company will go through various stages of the vexation life cycle. Learn what upcoming concenteres, challenges and financing sources you will need to succeed.A business goes through stages of development similar to the cycle of life for the human race. Parenting strategies that work for your toddler can not be applied to your teenager. The same goes for your small business. It will be faced with a different cycle throughout its life. What you focus on today will change and necessitate different approaches to be successful.The Seven Stages of Business Life1. Seed StageThe seed stage of your business life cycle is when your business is just a thought or an idea. This is the very conception or birth of a advanced business. challenge Most seed stage companies will sacrifice to overcome the challenge of mart acceptance and pursue one niche opportunity. Do not spread money and time resources too thin.Focus At this stage of the business the focus is on matching the business opportunity with your skills, experience and passions. Other focal points include deciding on a business ownership structure, finding skipper advisors, and business planning.Money Sources Early in the business life cycle with no proven market or cu stomers the business will rely on cash from owners, friends and family. Other potential sources include suppliers, customers and government grants.2. Start-Up StageYour business is born and now exists legally. Products or services are in production and you have your first customers.altercate If your business is in the start-up life cycle stage, it is likely you have overestimated money needs and the time to market. The main challenge is not to rationalize through what little cash you have. You need to learn what profitable needs your clients have and do a reality check to see if your business is on the right track.Focus Start-ups requires establishing a customer base and market presence along with tracking and conserving cash flow.Money Sources Owner, friends, family, suppliers, customers, or grants.3. Growth StageYour business has made it through the toddler years and is now a child. Revenues and customers are increasing with many new opportunities and issues. Profits are strong, but competition is surfacing.Challenge The biggest challenge growth companies face is dealing with the constant range of issues bidding for more time and money. Effective management is required and a possible new business plan. Learn how to train and delegate to conquer this stage of development.Focus Growth life cycle businesses are focused on running the business in a more formal fashion to deal with the increased sales and customers. Better accounting and management systems will have to be set-up. tonic employees will have to be hired to deal with the influx of business.Money Sources Banks, profits, partnerships, grants and leasing options.4. Established StageYour business has now matured into a thriving company with a place in the market and loyal customers. Sales growth is not explosive but manageable. Business life has become more routine.Challenge It is far too easy to rest on your laurels during this life stage. You have worked hard and have earned a rest but the food mark et is relentless and competitive. Stay focused on the bigger picture. Issues like the economy, competitors or changing customer tastes can quickly end all you have work for.Focus An established life cycle company will be focused on improvement and productivity. To compete in an established market, you will require better business practices along with automation and outsourcing to improve productivity.Money Sources Profits, banks, investors and government.