Objectives & Levels of Management

Levels of Management

Meaning:- Every individual in the hierarchy is responsible for the successful completion of a particular task. Authority-responsibility relationship binds individuals as superiors and subordinates Give rise to different levels in an organization.

Top-level management:- Consists of the Board of Directors, Chief Executive and departmental heads.

Functions:

• Complex and stressful, demanding long hours and commitment to the organization.
• Analyze the business environment and its implications for the survival of the firm.
• Responsible for the welfare and survival of the organization.
• Decide long-term goals of the organization and strategies for their achievement.

Middle level management:-Consists of departmental managers, divisional heads.

Functions:

• Making manpower planning to see that their department has the necessary personnel.
• Assign necessary duties and responsibilities to them.
• Co­-operate with other departments for smooth functioning of the organization.
• Responsible for all the activities of first-line managers.
• Outlook the policies framed by top management.

Operational management:-Consists of superintended, supervisors, section officers etc.

Functions:

• Solving workers’ problems and complaints, ensuring proper working environment and safety of workers, inviting.
• The link between workers and middle-level managers, creating better human relations with workers.
• Instructions of the middle management to the workers are passed.
• Maintain Quality of output, wastage of materials is minimized and safety standards are maintained.

Objectives of Management

1. Social objectives:
   • Using environmental friendly methods of production.
   • Giving employment opportunities to the disadvantaged sections of society.
   • Right quality goods should be provided to customers.                           
2. Organizational Objectives:
   • Survival: to survive, an organization must earn enough revenues to cover costs, reducing wastage.
   • Profit: essential incentive for the successful operation of the enterprise and the reward for bearing the risks.
   • Growth: increasing sales volume, increase in the number of employees, the number of products or the increase in capital investment, etc.
3. Personal objectives:
   • Management try to provide like good salary and a good working environment.
   • Chances of growth, promotion to an employee.
   • Good working conditions should be provided at the workplace.
   •  Employees should be rewarded for their good and hard work.