Anatomy of Top Management Team

Anatomy of top management team 0
Anatomy of top management
team
Student’s Name
7/4/2019

Anatomy of top management team 1
Contents
Introduction................................................................................................................................2
Structures of top management team...........................................................................................3
Characteristics of the top management team.............................................................................6
The influence of TMT characteristics on strategic decision-making.........................................8
Conclusion................................................................................................................................10
References................................................................................................................................12
Appendices...............................................................................................................................15

Anatomy of top management team 2
Introduction
Strategic decision making is the crucial element for sustainability and the expansion
of the business. Moreover, the topmost management team establishes the base for decision
making. In today’s complex business environment the enterprise management has moved
from engaging leader oriented approaches to co-management strategies in the form of the top
management team (Wheelen, Hunger, Hoffman & Bamford, 2017).
The upper management team plays a major part in shaping the business culture and
formulation of the strategies that will aid in achieving the objectives of the organization. It
focuses on proper delegation of the authorities and the development of the strategies that do
not hamper the operations due to the fluctuations in the market. The highest management
team focuses on developing a clear vision and analyzing the new opportunities for the
business (Ridge & Ingram, 2017).
The top management team of Frosty Food Limited plays the major in designing the
policies and the strategies that help in effectively running of the company. The topmost
management team ensures that all the employees are integrating their efforts and conducting
ethical business practices to fulfil the vision of the organization. It ensures that all the
employees deliver excellent customer service and proper functioning of all the departments.
The further paragraphs of the report will cover the characteristics of the topmost management
team and the involvement of the top management team in the decision-making process. It will
also cover the strategic choices taken by the topmost management team to ensure the efficient
functioning of the business operations and sustainable growth of the business (Tulung &
Ramdani, 2016).

Anatomy of top management team 3
Structures of the top management team
The topmost management team is the highest level under the hierarchy of the
organization and consist of the great ranking employees that work collectively to ensure the
efficiency of the organization and efficiently manages the operations of the corporate. The
top management of Frosty Food Limited consists of the president of the company, chief
executive officer, chief operating officer, chief marketing and financial officer and the chief
technology officer (Refer to Appendices 1). It also includes the director of the human
resource. The members have the everyday obligation to oversee different people and perform
the responsibility regarding business activities. The top management at Frosty Food Limited
is responsible for accumulating the business procedures and ensures that the objectives of the
organization are achieved (Dezso, Ross & Uribe, 2016).
The top management team of our company entails of a few strategic leaders who are
responsible for overall business operations and sustainability of the business for a longer
period of time. It comprises of one president and six executive officers. The main
responsibility of the president is to oversee the client’s accounts and manages staff
operations. The president focuses on developing a good interpersonal relationship with the
internal staff and the external stakeholders (Ruppel, Lawrence & Tworoger, 2016).
The chief executive officer is the most eldest member of the organization and is
considered as the leader. CEO focuses on reporting the significant data and the choices to the
board of the directors. The chief executive officer manages the operation of all the
departments including sales, marketing, and production. Here the CEO develops the
strategies to upon the vision and the mission of the organization and is considered as the face
of the company to endeavour network and develop public relations. He focuses on developing
the social culture of the organization and closely works with the chief financial officer to