What types of decisions are involved in management?
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Management decisions are dependent on various factors according to the level of management.
Board of Directors or Owners- A company’s board or owners create a mission and write a mission statement for the internal and external audiences that they will never compromise with their standards and values.
Top Management-The management at the top has to convert the mission and vision into real achievements over the time. Of all the management levels, top managers spend the most amount time making decisions and plans.
Middle Management- After the top management is done with the decision making, it is up to the middle management to choose smaller plans of action that are put together to fulfill strategic goals.