Senior Management

 
 
 
 
In any organization, senior management plays a critical role in the organization's success. Some of the typical functions performed by senior management include:

Identifying needs in the marketplace,

Evaluating new products and authorizing new product development,

Coordinating the work performed by the company's departments or divisions or subsidiaries,

Communicating the company's vision of the future,

Addressing the concerns of the company's stockholders and creditors

Allocating limited resources between and among departments or projects

Identifying and nurturing employees that demonstrate unique skills or show strong potential,

Making critical business decisions,

Establishing high level goals for the organization,

Determining or establish tolerable levels of risk and uncertainty, and

Maintaining a long-term perspective when considering current issues and problems

In the article titled "Business Planning in Large Organizations", Kerry Feldman (2004) suggests that the creation of business plans is part of a planning and performance management cycle in which top-down strategic plans give direction to business units. This direction, provided by senior management, defines the contribution that each unit will make to the organization's performance and the business plan explain how each department, division or subsidiary will deliver its required contribution as well as how

     
 
 
 
    

 

Related Essays

Critical Role of Senior Management Critical Role of Senior Management. In any organization, senior management plays a critical role in the organization's success. Some .... (1057 4 )

Project management .... Summary According to Kerzner, the project sponsor plays a critical role in the success of a project and is ideally a member of senior management. .... (976 4 )

SFC Management and Productivity .... productivity, in order to identify the causes of the observed deterioration in produc tivity, and to recommend to the firm's senior management actions which .... (8395 34 )

Workplace Problem .... When there is communication from senior management, it is often in the form of criticism for work that was not done quickly enough or for work that is not up .... (2033 8 )

Jim Collins' Concepts of Management .... to overcome barriers to success Valuable as a tool for identifying the type of person that should be offered a senior management position Counterintuitive to .... (2479 10 )


Category: Business - S
 
 
 
Common Topics
 
 
 
 
 
 
 
Click Here to Get Instant Access to over 32,000 Professionally Written Papers!!!
 
 
 
Join Now  
 
 
 
 
 
Saved Papers  
 
 
Save your essays here so you can locate them quickly!
 
 
 
Testimonials  
 
"Your site was very helpful and gave me the details I needed in order to complete my essay!!!"
Mike F.
 
"This site is an excellent vehicle for quick referrences. Thanks a bunch!"
Carla T.
 
"Great site, I got a lot of new ideas I would have never thought of before."
Nate A.
 
"I love this site!!!"
Marie H.
 
"Thank you for making such a high quality site! Your papers are the best I have seen around"
Debbie B.
 
 
 
 
Copyright © 2007 - 2014 Lots of Essays. All Rights Reserved. DMCA