Match the Levels of Management given in Column I with the functions performed at each level given in Column II:
Column I | Column II |
1. Top Level Management | (i) They directly oversee the efforts of the workforce. |
2. Middle Level Management | (ii) They ensure that their department has the necessary personnel. |
3. Operational Management | (iii) They are responsible for the welfare and survival of the organisation. |
Choose the correct option:
Understanding levels of management is crucial in grasping how an organization functions. Each level has its distinct set of responsibilities:
1. Top Level Management: This includes positions like CEO, Managing Director, Board of Directors. Their primary focus is long-term strategic planning, setting organizational goals, and ensuring the company's welfare and survival. Thus, matches with (iii).
2. Middle Level Management: This layer acts as a bridge between top-level and operational management. Department heads, regional managers fall under this level. They ensure that their departments are adequately staffed, organized, and prepared. Thus, it aligns with (ii).
3. Operational/Lower Level Management: These are supervisors and foremen who interact directly with the workers. They are tasked with ensuring that tasks are performed efficiently. Hence, they directly oversee the efforts of the workforce, which corresponds to (i).
Therefore, correct match: 1-(iii), 2-(ii), 3-(i).
Final Answer: (B) 1-(iii), 2-(ii), 3-(i)
Two ambitious friends, Sana and Mihir, having passion for creating innovative software applications, established a tech startup named ‘Quick Solutions’. Their software was developed in such a way that it caters to the needs of all sections. Since its inception, ‘Quick Solutions’ was earning enough revenue to cover the costs. They faced countless challenges from competing with large and well-established companies. But they learned from their mistakes and continuously improved their product. Slowly, their software gained recognition for its quality and uniqueness and the company started making profits. It was a big incentive for Sana and Mihir for the continued successful operation of the enterprise. Within two years, the customer base increased manifold. Now, Sana and Mihir decided to make additional capital investment and hired more employees. They invested in research and development and expanded their product line to meet emerging market demands. ‘Quick Solutions’ ultimately became the industry leader because of the tireless efforts of Sana and Mihir.
Quoting lines, identify and state the objectives of management discussed in the above case which ‘Quick Solutions’ seeks to achieve.
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