Skip to main content

Type of financial institution in Nepal

  Banking financial institution, depository institution: Financial institution that accept deposit and channel the money into lending activities is called depository institution. Bank:  Central Bank Commercial Bank Development Bank Finance Company Microfinance Cooperatives Non banking financial institution, Contractual institution  Employee Provident Fund  Citizen investment trust Insurance companies Investment institution Brokers  Investment bank  underwriters

Level of management

Management can be classified into different levels. Such classification to organization based on the size, measure and activities. Generally, the levels of  management can be classified in to three types.
  1. a)    Top level management.
  2. b)    Middle level management.
  3. c)    Lower level management.
  1. Top level management: Top level management is the highest level of the managerial positions in the organization, It consists BOD ,MD, GM, ED etc .Such level is responsible to formulate overall plans, policies, strategies etc of the organization. The plans, policy etc formulation by a top-level management are forwarded to middle level management for necessary implementation.
            Major function of top level management are:
1)    To determine goals and objective of the organization
2)    To formulation plans, policies and strategies of various resources or inputs
3)    To prepaid overall organizational structure
4)    To collect or arrange proper collection and utilization of various resources or inputs
5)    To provide necessary direction, leadership and exercising effective control meranism in the organization
6)    To represent the organization in outside world

2. Middle level management links top level management and low level management. It plays communicative role in the organization.it consists departmental heads, divisional manager, functional manager, etc of the organization. The middle level management receives plans policies etc from top level, interpret the same according to the requirement of department, prepare departmental plans and policies etc

            Major function of middle level management are followings:-

1)    To interpret the plans and policies prepaid by top level management
2)    To select appropriate staffs in the department.
3)    To develop and train the employees of the department.
4)    To give or assign duties and responsibility to the departmental to the department staffs
5)    To instruct supervisory staff
6)    To motivate control and supervise the activites of supervisers and departmental employees
7)    To collected report and information from lower level management and forwed such reports to the top level management
8)    To re-commend top level for better plans and policies and implementation of such plans.

    3. Lower level management which is also known as operating level or supervisory level or fist line management is the real implementer or execute in the business organization. They execute the plans and policies received from top/middle level management for the accomplishment of targets or goals. The a day to day operation of business activities are conducted by the lower level lewvel of management. Managerial positions like supervisors, foreman, officers, etc are the lower level managers.

            Major function of middle level management are followings:-

1)     Issue of orders and instructions to the workers and sub-ordinates & control them properly.
2)    To make daily or weekly plans to execute desired tasks.
3)    To arrange tools & equipment required for smooth operation
4)    To communicate unsolved problems to the middle top level management
5)    To maintain disciplinary & controlling environment among the workers.
6)    To build up moral & ethics in the workers & sub-ordinates
7)    To maintain good industrial relationship & providing necessary feed back to the middle top level management.


Top level management è conceptual or decision

Middle level management è receiving or communicating skill. (Human relationship skill)
Lower management è operating or technical skill.2

Comments

  1. Thank you for the helpful post. I found your blog with Google and I will start following. Hope to see new blogs soon.Check it out Business News

    ReplyDelete

Post a Comment