Based on the size and structure of the organization, multiple levels of management exist. Larger organizations have executive and senior leaders, often in functional roles. These managers oversee middle managers and usually have the role of vice president or higher. General managers and directors are middle managers who oversee lower-level managers. These managers often have specific groups of employees representing functional areassuch as sales, operations, finance, and human resourcesreporting to them.
Additionally, there are four fundamental functions of management: planning, organizing, leading, and controlling. As a manager moves to higher levels in an organization, they are faced with broader responsibilities and use all four functions.
Watch the following video featuring Dr. Stephanie Gloden, a senior leader at Fidelity Investments, as she discusses how the four fundamental functions of management shift in focus and importance at different levels of an organization.
After watching the video, respond to the questions below.
Reflecting on Dr. Glodens insights and the organizational structure example in the video, how do you see the fundamental functions changing at each level of management?
How do the varying applications of planning, organizing, leading, and controlling at different management levels help organizations meet their strategic objectives and business goals? Provide examples from your own experience or observations.
Beyond the four fundamental functions, what other management competencies do you think are important for leaders at different levels to help an organization succeed?
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