Regarding pharmaceutical company, In general, should a Board of Directors get involved in every operational decision? If not, when should it?
Regarding pharmaceutical company, In general, should a Board of Directors get involved in every operational decision? If not, when should it?
In an organization, there are different roles and responsibilities based on the degree of skills and talent and the requirements of the job position. These roles and responsibilities are divided into different managerial levels to provide a clear understanding of authority, responsibility, and accountability. The three levels include, top-level management, most responsible for policy making and framing the organization structure, the middle-level management, mostly responsible for directing and coordinating the departments with other departments and levels of management, and the low levels management, mostly responsible for the operational work which revolves around day-to-day functioning. All these three levels have their own set of responsibilities and contributions towards the common goal of the organization.
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