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in Business Studies by (35.7k points)

A Ltd. wants to modify, its existing product i.e., CD player due to decreasing sales in the market. What steps should each level of management take to give an effect to this decision?

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Each level of management should divide its task as follows:

Functions of Top Level Management:

(i) They must plan the technique of modification or modernization of the product.

(ii) They must organize and assemble necessary resources and co-ordinate the efforts of all the departments towards modernisation.

Functions of Middle Level Management:

(i) They must implement the plans laid down by top management in their respective departments.

(ii) They must interpret the plans and policies to their subordinates.

Functions of Supervisory/Operational level Management:

(i) They must assign the task to work force and supervise that the task is carried on in the right direction.

(ii) They must maintain the quality of work with minimum cost and reduce wastage by improving the motivation with minimum cost and loyalty of workers.

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