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Your Business Buzzword - HIERARCHY

Evans Yeboah | evans.yeboah@socgen.com | 22 October, 2020 16:05 PM

Hierarchy refers to the levels of control, command and authority in organizational structure, management or responsibilities. To ensure effectiveness in work delivery, proper maker-checker-systems, hierarchy is very important in the business management process. It helps define scope of work, direct and indirect lines of responsibility and supervision. It is therefore important that business leaders understand and apply the concept for better results.

Caution must however be exercised for it not to be counter-productive. Too long a hierarchy may lead to loss of touch with reality by business leaders as information flow may be diluted in its long journey across the organization.

Authored by BKG

This piece is a view of the author and it comes with no liability nor prejudice.

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