Topics: Management, Corporate title, Board of directors Pages: 4 (725 words) Published: July 5, 2013

Different levels of Management
Domino’s has three levels of management .
1) First-level management
2) Middle-level management
3) Top-level managem

Top-level management:
The top management comprises of the board of directors president, vice-president, CEOs and other members of the C-level executives. They controll and oversee the entire organization. They make and develop strategic plans, company policies, and decisions on the direction of the business. The board of directors is typically primarily composed of non-executives which carry out duty to shareholders and are not closely involved in the day-to-day activities of the organization, although this varies depending on the type (e.g., public versus private), size and culture of the organization. The board sets corporate strategy, makes major decisions such as major acquisitions, and hires, evaluates, and fires the top-level manager (and the CEO typically hires other positions. The board may also have certain employees (e.g., internal auditors) report to them or directly hire independent contractors; for example, the board (through the audit committee) typically selects the auditor. Helpful skills of top management vary by the type of organization but typically include a broad understanding competition, world economies, and politics. In addition, the CEO is responsible for executing and determining (within the board's framework) the broad policies of the organization. Executive management accomplishes the day-to-day details, including: instructions for preparation of department budgets, procedures, schedules; appointment of middle level executives such as department managers; coordination of departments; media and governmental relations; and shareholder communication. Middle-level managers

Consist of general managers, branch managers and department managers. They are accountable to the top management for their department's function. They devote more time to organizational and...
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