4.a. What is the difference between top-down and bottom- up financial managent of a company? Explain...

4.a. What is the difference between top-down and bottom- up financial managent of a company? Explain briefly.

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Expert Solution

Top down and bottom up for two major kind of management techniques which are adopted by the management in order to implement it practices across the organisation

Top down management is decision making at the strategic level and this is a highly centralised approach because there is concentration of control and management at the top of the company and these people always keep on making the investment decision.

Top down approach relies on higher authority to determine larger goal that will filter down the task to the lower level of employees. Top down approach is tradition approach and it can help in strong management and fixation of responsibilities

bottom-up is highly decentralized kind of communication method and management method because bottom up will help in making decisions after inclusion of ideas from all level of employees and perception of business in order to make most important and inform decisions

Bottom up approach is a highly participatory approach and it is highly decentralized and it is a inclusive approach and forward-looking approach.

jeff jeffy answered 1 year ago

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