Definition: includes individuals that hold the top ranking executive positions within a company (such as the chairperson, CEO, executive directors, CFO, president, etc.) with all of them being responsible for its financial state and reputation. The primary goal of a firm’s top management is to convert policies (developed by the board of directors) into specific targets, objectives, and strategies that reflect the management’s vision of the company’s future. The decisions made by the top management affect every employee in the company, and it is responsible for their consequences.
In a Sentence:
Even though I’m proud to be a part of BMW’s top management, it’s also kind of scary to be responsible for such a large corporation.
The recent drop in sales was blamed on the top management’s decision to cut costs spent on advertising.
Captain’s Fries top management has spent the last two meetings devising strategies on how the fast food chain should adapt to the recent changes in the market.
Synonyms and related words: senior management, board of directors, executive director, non-executive director, executive management