Asked by Jaquin Fielder on Jul 04, 2024
Verified
The traditional approach toward the top management group is to have a clear hierarchy of authority with a CEO, a chief operating officer, and several subordinate executives who head various subunits of the organization.
Top Management Group
signifies the senior-most executives or administrators in an organization, responsible for strategic decision-making and overall management.
Clear Hierarchy
An organizational structure where roles, responsibilities, and levels of authority are well-defined and understood by all members.
CEO
Chief Executive Officer, the highest-ranking executive in a company, responsible for making major corporate decisions, managing overall operations, and acting as the main point of communication between the board of directors and corporate operations.
- Recognize the patterns and benefits of collective authority and leadership collaboration at the executive level.
Verified Answer
MW
Melisa WhyteJul 08, 2024
Final Answer :
True
Explanation :
The traditional approach to top management involves a clear hierarchy of authority, typically with a CEO at the top, followed by a chief operating officer (COO), and then several subordinate executives who are responsible for different divisions or subunits of the organization. This structure helps in defining roles, responsibilities, and the flow of information within the organization.
Learning Objectives
- Recognize the patterns and benefits of collective authority and leadership collaboration at the executive level.