What do you mean by levels of management? Describe the levels of management and managerial skills required at each level.

Levels of management refer to the hierarchical arrangement of roles and responsibilities within an organization, with each level having distinct responsibilities and management functions. There are typically three main levels of management:

1. Top Management: This level of management is responsible for making high-level strategic decisions, setting organizational goals and objectives, and determining overall policies and direction. Top managers include the CEO, President, and other top-level executives. They require strong leadership, vision, and decision-making skills, as well as the ability to effectively communicate and negotiate with stakeholders.

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