Final answer:
Upper-level managers are responsible for establishing goals and developing strategic plans within an organization. They form the top tier of the management hierarchy and work closely with the board of directors to ensure strategy aligns with shareholder interests. New employees should understand their place in the hierarchy and consult their direct supervisors as needed.
Step-by-step explanation:
The organizational executives who are primarily responsible for establishing goals and developing strategic plans are most often referred to as upper-level managers. These individuals, such as CEOs or company presidents, hold top-tier positions and are tasked with the overall direction and strategy of the company. They work with the board of directors to align the company's strategic plan with shareholder interests. Understanding the chain of command within an organization is crucial, and the hierarchy of authority ensures that all levels of management, from first-level to upper-level, understand their roles and responsibilities.
Upper-level managers are instrumental leaders focused on goal orientation and task accomplishment. This contrasts with first-level managers who are typically concerned with day-to-day operations, and middle-level managers who are responsible for implementing the strategies set by the upper-level management. As new employees settle into their roles, it is important for them to understand the organizational structure and to whom they should turn for approvals, typically their direct supervisor.