The senior management teams are composed of the executive members of an organization having the top-most rank in the organization. They have the role of leadership and management within the organization. The role of management is achieved when the team plans, organizes, directs, controls, and staffs all the resources of an organization for the achievement of goals. Leadership roles are portrayed when the team is involved in activities of encouraging the subordinates to contribute willingly to the goals and objectives of the organization.
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The senior management teams are the custodians of all resources bestowed upon them by the investors of the company. It is the purpose of the senior management to set the goals of the organization. Setting goals is done in consultation with all other stakeholders but the senior management has the final decision on the best strategies to be adopted (Mackyy, 2008).
The senior management team resolves conflicts arising within the organization by negotiating with all the conflicting parties. Senior management teams advise the president of an organization about the best strategies to run a business effectively. Information systems are maintained by the senior management teams. Communication with all stakeholders is important for the smooth running of an organization.
The purpose of the senior management is to maintain an efficient communication system in the organization. Secrets of the company are also maintained by the team. It is important for senior management teams to maintain the secrets of the company to ensure that secrets are not exposed to competitors or other irresponsible individuals (Simmering, 2010).
Mackyy (2008). Implementing total quality management: the role of human resource management: Role of HRM managers in implementing TQM values in various organizations [Internet]. Version 3. Knol. Web.
Simmering, M. J. (2010). Management levels. Web.