Definition of Top Managers

Top managers make up the relatively small group of executives who manage the overall organization and also responsible for the performance of all departments. Titles found in this group include president, vice president, and chief executive officer (CEO). Top managers create the organization’s goals, overall strategy, and operating policies. They also officially represent the organization to the external environment by meeting with government officials, executives of other organizations, and so forth. They have cross-departmental responsibility. Top managers establish organizational goals and they decide how the different department should interact and also they monitor how well middle managers in each department use resources to achieve goals. Top managers are ultimately responsible for success or failure of an organization and their performance is continually scrutinized by people inside and outside the organization. The job of a top manager is likely to be complex and varied. Top managers make decisions about activities such as acquiring other companies, investing in R&D, entering or abandoning various markets, and building new plants and office facilities. They often work long hours and spend much of their time in meetings or on the telephone. In most cases, top managers are also very well paid. In fact, the elite top managers of very large firms sometimes make several million dollars a year in salary, bonuses, and stock (Collins, 2003). Lastly, top managers can be simplify as individual which are responsible for communicating a shared vision for the organization, shaping corporate culture, and nurturing an entrepreneurial spirit that can help the company innovate and keep pace with rapid change (Ghoshal, 1995).

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