A private company needs as much management and administration as any other government owned company or organization needs. Whatever the scale of expanse is, every private company needs managers at different levels or for different departments to ensure smooth working and proper operations on a day to day basis. To understand the management hierarchy of a private company, you can read the following given information:
Managing Director
The topmost management position in a private company hierarchy is that of a managing director. A managing director is the head of the administration and takes the major decisions for the company. In most private companies, the managing director is the owner who is responsible for the losses and profits incurred by the company. All other managerial positions of a private company come under the jurisdiction of the managing director.
Sales and Marketing Management
The management of a private company is divided as per the departments and of all the departments, the sales and marketing department holds a lot of importance. Sales and marketing management is crucial to the success of the company and the hierarchy of this branch is given as follows:
- Sales manager
- Marketing manager
- Assistant sales manager
- Assistant marketing manager
- Promotions manager
- Advertising manger
- Public relations manager
- Area development manager
- Regional manager
- Regional assistant manager
- Assistant manager
- Office manager
Production and Manufacturing Management
Handling of production and manufacturing is also an important managerial aspect of any private company. Exceptional managerial skills are needed to coordinate activities of production and distribution departments and this is done by managers who work within this branch of the business. The following is the hierarchical distribution of responsibilities:
- Factory manager
- Warehouse manager
- Inventory control manager
- Transportation manager
- Production manager
- Quality control manager
- Logistics manager
- Assistant factory manager
- Merchandise manager
- Purchasing manager
- Clerk
- Secretary
Human Resource Management
Management of staff and employees is the responsibility of the HR management department of a private company. HR executives are responsible for hiring, recruiting, interviewing, paying salaries, maintaining employee relations and training of staff. The following are the job positions within this branch:
- Senior HR manager
- assistant HR manager
- Recruiting manager
- Payroll manager
- Hiring manager
- trainer
- Secretary
- clerk
Finance and Accounting Manager
Financial management is vital to the functioning of any organization and especially for private companies. To manage accounts and finance, private companies hires some of the following employees:
- Finance director
- Vice president finance
- Finance manager
- Accountancy manager
- Assistant finance manager
- Assistant accountant
- Clerk
Office Management
Every private company has one or several office spaces, from where the employees work or function. It is important for a private company to have proper office management to ensure a problem free working environment and maximum productivity.
- Office manager
- Department manager
- Training manager
- Security manager
- Facility manager
- Research and development manager
- Delivery manager
- Transportation manager