It is necessary to know for economists. Management -
the control and organizing of a business or other orga-
nization;
-
those staff within the firm who exert control over its
activities on behalf of owners.
Top management includes the chief executive of an organization, his or her
deputy or deputies, the board of directors and the managers in
charge of the divisions or departments of the organization.
Middle management consists of the managers to whom top management
delegates the day –to –day running of the organization.
Managing director -
company director responsible for the day-to-day running
of a company. Second in the hierarchy only to the chairman, if
there is one; the managing director is the company’s chief
executive.
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Manager -
a person controlling or administrating a business or part
of a business.
