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Business Studies · Ch 1 — Nature and Significance of Management

Levels of Management

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Levels of Management

Understanding Levels of Management

In any enterprise, the people who perform managerial functions are bound together in a hierarchy of relationships. Each person is responsible for completing a particular task, and to do so is given a matching amount of authority — the right to take decisions. This authority-and-responsibility relationship links people as superiors and subordinates, and it is what gives rise to the different levels of management. …