Information
is often referred to as the lifeblood of the organization, because the firm needs it to survive.
For example, if an organization didnt have data on the market, it wouldnt know what the
consumers want. As a result, the organization wouldn't be able to make any profit on
sales.
In most organizations, there are three levels of management:
low-level, middle-level, and top-level. All these managers need information for them to do their
work more effectively and steer the organization forward. Top-level management is in charge of
general decision-making and formulation of strategies and objectives. They communicate that
information to middle-level managers.
The middle-level managers use that
information to set objectives for their departments and pass it on to low-level
managers.
Low-level managers include foremen and line bosses. These managers
use the information to assign roles and responsibilities to employees. Low-level managers are
responsible for strategy implementation and execution of the firm's
objectives.
No comments:
Post a Comment