Management Team
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A Management Team is a team of individuals who perform organizational management tasks (who have day-to-day responsibilities of managing an organization).
- AKA: Senior Management.
- Example(s):
- Counter-Example(s):
- See: Chief Executive Officer, Chief Strategy Officer, Project Management, Board of Directors, Shareholders.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Senior_management Retrieved:2015-10-14.
- Senior management, executive management, or management team is generally a team of individuals at the highest level of organizational management who have the day-to-day responsibilities of managing a company or corporation. They hold specific executive powers conferred onto them with and by authority of the board of directors and/or the shareholders. There are most often higher levels of responsibility, such as a board of directors and those who own the company (shareholders), but they focus on managing the senior or executive management instead of the day-to-day activities of the business. The executive management typically consists of the heads of the firm's product and/or geographic units and of functional executives such as the chief financial officer, the chief operating officer, and the chief strategy officer. [1] In Project Management, senior management is responsible for authorising the funding of projects. [2]
They are sometimes referred to, within corporations, as executive management, top management, upper management, higher management, or simply seniors.
- Senior management, executive management, or management team is generally a team of individuals at the highest level of organizational management who have the day-to-day responsibilities of managing a company or corporation. They hold specific executive powers conferred onto them with and by authority of the board of directors and/or the shareholders. There are most often higher levels of responsibility, such as a board of directors and those who own the company (shareholders), but they focus on managing the senior or executive management instead of the day-to-day activities of the business. The executive management typically consists of the heads of the firm's product and/or geographic units and of functional executives such as the chief financial officer, the chief operating officer, and the chief strategy officer. [1] In Project Management, senior management is responsible for authorising the funding of projects. [2]