Simple English definitions for legal terms
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Management: The group of people in charge of running a company. They make important decisions and plans for the company's future. There are different levels of management, including middle management who carry out the plans of top management, and top management who make big decisions and set long-term goals.
Definition: Management refers to the group of people in a company who are responsible for running it. There are different levels of management, including:
For example, the CEO, CFO, and other executives are part of top management. They make decisions about the company's overall strategy and direction. On the other hand, department managers and supervisors are part of middle management. They oversee the work of employees and ensure that the company's goals are being met.
Overall, management is responsible for making sure that a company is successful and profitable. They set goals, make plans, and oversee the work of employees to achieve those goals.