-Levels of Management
3 basic levels
Senior, Middle, First line management.
(In most, middles are a lot than seniors, and more first-line managers)
1. Senior Managers
The small number of executives – guide the fortunes.
(President, vice-president, treasurer, CEO, CFO)
Board of directors, shareholders for its OVERALL performance and effectiveness
For long-range plans for the company.
2. Middle Managers
Responsible for implementing the decisions made by top managers.
(If top decide to cut off 12%, these people decide what to reduce or increase for products)
(Plant manager, operations manager, division manager)
3. First-Line Managers
Supervising work of employees.
(Supervisor, office manager, group leader)
(they interact with suppliers and internals)
Areas of Management
(Marketing, Finance, operations, HR, information)
Marketing managers: development, pricing, promotion, distribution of G/S.
They are responsible for getting products and services to buyers.
(Marketing is important to firms who deal with consumer products
There even are vice-president of marketing, regional marketing managers (mid), several district
sales managers (first-line managers).
Financial managers: investments/ accounting.
Vice-president for finance (senior), division controller (middle), accounting supervisor (F-L).
Effective financial management is the company’s reason for being for some companies.
Responsible for production control, inventory control, quality control, among other duties.
(EX. Manufacturing companies: Vice-P, Plant manager (mid), foremen or supervisor(F-L).
Provide assistance to other managers when they hire employees, training them, evaluating their
performances, and determining their com