Authority is the genuine right to make decisions and tell other people what to do (Bateman, pg 278, 2011). FirstBank gives authority to its upper-level managers who in turn give orders to the lower-level managers to carry out. Hierarchical levels consist primarily of the board of directors, under them it is the chief executive officer (C.E.O), chief financial officer (CFO), followed by the President, Vice-President, Assistant Vice-President, right under them its managers and supervisors and finally tellers. The number of people who report to the manager or supervisor are called the span of control (Bateman, pg 282, 2011). There are typically no more than five people reporting to any given manager. Delegation is the key to effective management, it allows them to use their time and energy on other projects and assign other responsibilities and authority to different tellers. It is important for managers to define the goal that must be attained also
Authority is the genuine right to make decisions and tell other people what to do (Bateman, pg 278, 2011). FirstBank gives authority to its upper-level managers who in turn give orders to the lower-level managers to carry out. Hierarchical levels consist primarily of the board of directors, under them it is the chief executive officer (C.E.O), chief financial officer (CFO), followed by the President, Vice-President, Assistant Vice-President, right under them its managers and supervisors and finally tellers. The number of people who report to the manager or supervisor are called the span of control (Bateman, pg 282, 2011). There are typically no more than five people reporting to any given manager. Delegation is the key to effective management, it allows them to use their time and energy on other projects and assign other responsibilities and authority to different tellers. It is important for managers to define the goal that must be attained also