Legal Definitions - upper management

Definition: Upper management refers to the highest level of management in a company. This is where major policy decisions and long-term business plans are made. They are responsible for the overall operation of the company.

Examples: Upper management is made up of executives such as CEOs, CFOs, and COOs. They are the ones who make decisions about the company's direction, finances, and strategy. For example, if a company wants to expand into a new market, it would be up to upper management to decide if that is a good idea and how to make it happen.

Explanation: Upper management is responsible for the big picture of a company. They make decisions that affect the entire organization and set the direction for the future. Middle management, on the other hand, is responsible for executing those decisions and managing day-to-day operations. For example, if upper management decides to launch a new product, middle management would be responsible for making sure it gets produced and marketed successfully.