Understanding of Company Management: Abhay Lodha

Company management consists of various stakeholders like directors, officers, managers and shareholders who assist the company towards the fulfillment of its business objectives. Management has been defined as “the process of planning, organizing, leading and controlling the efforts of company members and of using all company resources to achieve stated company goals.” Therefore, the purpose of management is to maintain control over the company’s actions and performance, and simultaneously to lead, inspire and direct the people working in the company. The Corporate Management is often broken down according to the divisions or the function to be performed.

The extent of the managerial roles can be found in various fields of the organization such as the human resource department, the IT department, the legal department and the executive department and so on. The various management positions are given a specific staff to handle.

The success of any corporate organization mainly depends upon the success of the corporate management of the organization. The management structure and hierarchy of the corporation can often be formulated into a chart so that the structure can be best informed and understood by the employees of the organization.

Top 10 Levels of Company/Corporate Management

1. Policy formulation
2. Finance
3. Control
4. Communication
5. Performance appraisal
6. Staffing
7. Coordination
8. Resources
9. Training and development of staff
10. Technological development

~Abhay Lodha