Given below are some statements in the context of 'Top Management'. Read them carefully and choose the incorrect statement  from the given options.

Statement 1: Their basic task is to integrate diverse elements and coordinate the activities of different departments according to the overall objectives of the organisation.    

Statement 2:  The job of the top manager is complex and stressful, demanding long hours and commitment to the organisation .

Statement 3: Through their efforts quality of output is maintained, wastage of materials is minimised and safety standards are maintained.

Only 3

Statement 3 is the activity performed by supervisory levels of management.

Top Management: They consist of the senior-most executives of the organisation by whatever name they are called. They are usually referred to as the chairman, the chief executive officer, chief operating officer, president and vice-president. Top management is a team consisting of managers from different functional levels, heading finance, marketing etc. For example chief finance officer, vice president (marketing). Their basic task is to integrate diverse elements and coordinate the activities of different departments according to the overall objectives of the organisation. These top level managers are responsible for the welfare and survival of the organisation. They analyse the business environment and its implications for the survival of the firm. They formulate overall organisational goals and strategies for their achievement. They are responsible for all the activities of the business and for its impact on society. The job of the top manager is complex and stressful, demanding long hours and commitment to the organisation.