Explain the Role of Top Management in an Organization and Why

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The Answer is Top executives decide the end purpose an organization will strive for and determine the direction it will take to accomplish it.It is this purpose and direction that shapes how the organization is designed and managed.The primary responsibility of top management is to determine an organization's goals,strategy,and design,thereby adapting the organization to a changing environment.The direction-setting process typically begins with an assessment of the opportunities and threats in the external environment,including the amount of change,uncertainty,and resource availability.Top managers also assess internal strengths and weaknesses to define the company's distinctive competence compared with other firms in the industry.This competitive analysis of the internal and external environments is one of the central concepts in strategic management.

Explain the Role of Top Management in an Organization and Why

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Explain the Role of Top Management in an Organization and Why

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