What Are The 4 Types of Business Management?

What Are The 4 Types of Business Management?

Managers are the pillars in the business that keep the working going smooth and hassle-free. They are responsible for brainstorming and implementing strategies vital for a specific department, project, or the whole company. The area of their expertise depends upon what type of management they are a part of.

Business management among common companies is sorted into four different types; each having responsibilities distinct while interlinked with others.

1. Top-level manager

They supervise the whole company and have the highest power among other employees. Top-level management consists of a board of directors, and chief executive and a managing director. In multinational or other big firms, the shareholders also form the part of the top-level management.

2. Middle/Executive Manager

It holds the central position in business management. These managers are responsible for executing policies and plans set by the top-level management and taking quick action in case of any uncertainty. The plan devised by top-level management is often discussed and suggested by middle managers. Middle managers are often called by the name of department heads.

However, they do not directly interact with employees but with managers under them. Middle managers act as a bridge between the top line and first line management.

3. First-line Management

They are entry-level professional managers. They have direct interaction with the staff not holding any managerial position. These managers are the ones that look after and make sure the day-to-day objectives are completed smoothly.

First-line managers play key role in motivating employees to work and keeping them loyal to the company.

4. Team Leaders

Team leaders are responsible for handling particular tasks or projects. They are also called project heads. Task handling, presentation, and completion within the due date is their responsibility concerning the plans set by the top line.