Top management is that the ultimate source of authority and it lays down goals, policies and plans for the enterprise. It devotes longer on planning and coordinating functions. It is accountable to the owners of the business of the general management. It is also described because the politics group liable for the general direction and success of all company activities. The important functions of top management include :
(a) to determine the objectives or goals of the enterprise.
(b) to form policies and frame plans to achieve the objectives laid.
(c) To set up an organizational frame work to conduct the operations as
per plans.
(d) To assemble the resources of cash , men, materials, machines andmethods to put the plans into action.
(e) To exercise effective control of the operations.
(f) To provide overall leadership to the enterprise.
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