Business management is the administration of commercial companies. It includes strategizing, planning/controlling, organizing, staffing, and leading.The goal is to achieve the company’s objectives by coordinating its financial, natural, technological, and human resources.
In larger organizations, there are generally three levels of managers, which are mostly organized in a hierarchical structure. Senior managers, such as the Board of Directors, Chief Executive Officer (CEO) or President of an organization, set the company’s goals and make strategic decisions. Middle managers, such as branch managers, regional managers, or section managers, provide direction to front-line managers. Lower managers, such as supervisors and front-line team leaders, oversee the work of regular employees (or volunteers, in some voluntary organizations) and provide direction on their work.
In smaller organizations, the roles of managers usually have wider scopes. A manager can perform several roles commonly observed in a large organization. There are many more smaller organizations than larger ones.