hierarchy

IntroductionWhen it comes to strategy-making in a single-business company, the hierarchy plays a crucial role in the decision-making process. This hierarchical structure ensures that the company operates efficiently and effectively in achieving its goals. In this article, we will explore the various levels of the strategy-making hierarchy and understand how they contribute to the overall success of the company.The Top-Level Strategy-MakingAt the top of the strategy-making hierarchy in a single-business company, we have the senior executives or the top management. These individuals are responsible for setting the overall strategic direction of the company. They define the long-term goals, objectives, and…