Classification of Corporate Policies on the Basis of Level

The Top 15 Financial Management Policies And Procedures for Physician PracticesDifferent policies are framed at different levels of management. These include: 

Top Management Policies:-These are framed by the top management and it is only responsible for them. The policies are derived from top management planning and top management sees that they are put into effect and judges the results.

Middle Level Management Policies:-These are laid down by the middle level managers and deal with the organizational activities e.g. selection of executives, employee training, deciding processes, methods, techniques etc.

Lower Level Management Policies:- Those people who have direct control over the working force comprise the lower level management. These people set up policies with respect to the accomplishment of tasks of sub divisions of the organizations.