Top management

Definition

Top management consists of the highest level of executives who plan, direct, and oversee an organization's overall operations. They are responsible for setting strategic goals, aligning the company's direction with these goals, and ensuring resources are efficiently allocated to achieve them.

Related terms

Strategic Planning:

The process of defining a company’s direction and making decisions on allocating its resources to pursue this strategy.

Organizational Structure:

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including roles, responsibilities, and authority.

Resource Allocation:

The process of assigning and managing assets in a manner that supports an organization's strategic goals