TOP LEVEL

MANAGEMENT
 Top Level of Management
Top-level managers, or top managers, are also called senior management or executives.
These individuals are at the top one or two levels in an organization, and hold titles such as:
 President, Vice president, Corporate head
 Chief Executive Officer (CEO)
 Chief Financial Officer (CFO)
 Chief Operational Officer (COO)
 Chief Information Officer (CIO)
 Chairperson of the Board
 Top Level of Management
Top managers in most organizations have a great deal
of managerial experience and have moved up through
the ranks of management within the company or in
another firm. An exception to this is a top manager
who is also an entrepreneur; such an individual may
start a small company and manage it until it grows
enough to support several levels of management.
Many top managers possess an advanced degree,
such as a Masters in Business Administration, but such
a degree is not required.
 Top Level of Management
The main role of the top level management is summarized as follows :-
1. The top level management determines
the objectives, policies and plans of the
organisation.
2. They mobilises (assemble and bring
together) available resources.
3. The top level management does mostly
the work of thinking, planning and
deciding. Therefore, they are also called as
the Administrators and the Brain of the
organisation.
4. They spend more time in planning and
organising.
5. They prepare long-term plans of the
organisation which are generally made for 5 to
20 years.
6. The top level management has maximum
authority and responsibility. They are the top or
final authority in the organisation. They are
directly responsible to the Shareholders,
Government and the General Public. The success
or failure of the organisation largely depends on
their efficiency and decision making.
7. They require more conceptual skills and less
technical Skills.
 Top Level of Management
President, Vice
Chief Executive Chief Financial
president,
Officer (CEO) Officer (CFO)
Corporate head

Chief Chief
Chairperson of
Operational Information
the Board
Officer (COO) Officer (CIO)
 Top Level of Management
(President, Vice president, Corporate head)

The President, Vice and Corporate head are responsible for ensuring that
the Board of Directors and its members:
• are aware of and fulfill their governance responsibilities
• comply with applicable laws and bylaws
• conduct board business effectively and efficiently
• are accountable for their performance.
 Top Level of Management
(Chief Executive Officer (CEO) )

The Chief Executive Officer (CEO) is the person who reports to the board of
directors. This manager is the highest ranking manager in the organization. The
CEO develops the strategy of the company and is response for its success. Part of
the CEO’s responsibilities include meeting other top level managers and ensuring
their areas of work are in line with his vision. The main role of this manager is to
macro manage and provide vision. The CEO usually leaves operations and
performance details to the middle level management.
 Top Level of Management
(Chief Financial Officer (CFO) )

The Chief Financial Officer (CFO) manages on a macro level the organisation’s
finances. The CFO meets with other top level management to discuss and approve
financial plans and budgets. Probably the most important function of the CFO is
ensuring that financial controls meet all regulations, payment obligations and tax
reporting.
 Top Level of Management
(Chief Operational Officer (COO) )

The Chief Operating Officer (COO) is the second-ranking manager in a

company. This professional is response for the daily operations of the organisations.
The COO reports directory to the CEO. The typical work of this manager is ‘behind-
the-scenes’ and is usually focused on implementing the CEO’s vision by using
available company resources.The COO is also in charge of monitoring results,
efficiency and performance.
 Top Level of Management
(Chief Information Officer (CIO) )

The Chief Information Officer (CIO) oversees the technological needs of an organisation. This
specialist determines how computer systems and networks are implemented and maintained.
The CIO frequently meets with the COO and CFO to discuss forecasts and technological
requirements. A successful CIO must come from information computing background, as he
must manage the use of hardware, software and networks in a company. Here’re some of the
other responsibilities chief information officers have:
• Data security
• Networking needs
• Outsourcing computing needs
• Seminar and conference attendances
Top Level of Management
(Chief Information Officer (CIO) )
 Top Level of Management
(Chairperson of the Board)

Chairperson of the board management, Senior management, executive management, or

management team is generally a team of individuals at the highest level of organizational
management who have the day-to-day responsibilities of managing a company or corporation. They
hold specific executive powers conferred onto them with and by authority of the board of directors
and/or the shareholders. There are most often higher levels of responsibility, such as a board of
directors and those who own the company (shareholders), but they focus on managing the senior or
executive management instead of the day-to-day activities of the business. The executive
management typically consists of the heads of the firm's product and/or geographic units and of
functional executives such as the chief financial officer, the chief operating officer, and the chief
strategy officer. In Project Management, senior management is responsible for authorising the funding
of projects.
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