Professional Documents
Culture Documents
Top-Level management
This level of management is occupied by the company board of directors, Chief
Executive officer (CEO), company president, vice-president, Chief Operations
Officer (COO), Chief Financial Officer (CFO); the company Board of Directors.
This division of management is responsible for controlling the overall strategic
nature of the organization. Managers in this category are often industry experts
having close association with the long term vision of the organization. Top-level
managerial tasks are often high-risk high return roles in nature. Top
management is the ultimate source of power and authority accountable to
share holders and the general public. They perform the following roles and
responsibilities
They prepare the overall objectives, strategic goals, plans and policies of the
organization. For example One of the key responsibilities of Tim Cook the CEO
of Apple Inc, is planning the company’s strategic business objectives in the
technology industry by coming up with an effective business plan blueprint by
evaluating the current levels of profitability with the board of management. Tim
cook is mandated to oversee and approve or reject proposals from
Departmental heads at Apple Inc in order to ensure that only those coherent
and valuable to the long and short term objectives of the organization are
identified and given priority (Gehrke & Claes, 2017)
They make strategic corporate objectives for the organization. Tim Cook is for
example a major and crucial representative of Apple in all its corporate entities
who represents its business corporate image in both domestic and
international markets. He represents the company during public events such
global conferences, product launches that promote Apple’s products and
services in both local and international markets (Warrick, 2017). Elon musk the
CEO of Tesla Inc represents the organization in all its corporate entities. He
represents the firm’s corporate image in domestic and global markets and his
high profile image is very valuable during public events of the firm.
Top level management creates broad strategic alliances and plans on behalf of
the organizations they lead. On the 6 th of November 2019 the President and
chief Executive Officer (CEO) of AES Andrés Gluski announced that AES had
entered into a Ten year strategic alliance with Google Inc to hasten the growth
and adoption of clean energy by use of Google Cloud technology. He announced
that by combining capabilities of both companies the company would provide
cleaner, more effective and efficient energy solutions, increase customer
satisfaction and cut down carbon emissions.
They also have the primary responsibility of protecting the organization’s assets
and investments; this may include the company’s plant, equipment,
information and technology, finances and facilities, human capital (employees
of the organization). They have the responsibility for distributing and disposing
of profits to respective share holders or towards corporate social responsibility,
this is especially true to organization’s board of Directors. For example at
Santen Inc dividend payout levels are determined by the Board of Directors for
the interim dividend and by the General Meetings of Shareholders for the year-
end dividend.
Waldman, D. A., & Yammarino, F. J. (1999). CEO charismatic leadership: Levels-of-management and
levels-of-analysis effects. Academy of Management.the Academy of Management Review, 24(2), 266-
285.
Tokarski, S., Tokarski, K., & Sikora, J. (2016). Levels of management and economic performance of
companies. Management, 20(1), 81-95. doi:http://dx.doi.org/10.1515/manment-2015-0026
Henderson, R., Sutherland, J., & Turley, S. (2000). Management development in small business: A
subregional examination of practice, expectation and experience. Regional Studies, 34(1), 81-86.