Final answer:
Top managers are concerned with both the organization as a whole and individual managers and their business plans. As a firm becomes established, knowing individual managers on a personal basis becomes less important. Other outside investors are more willing to provide financial capital to the firm when they have access to information about the organization's products, revenues, costs, and profits.
Step-by-step explanation:
The subject of this question is Business and the grade level is High School.
Top managers are concerned not only with the organization as a whole, but also with the individual managers and their business plans. It is important for top managers to have a personal understanding of the managers and their plans in order to ensure the success of the organization.
However, as a firm becomes established and its strategy appears likely to lead to profits, knowing individual managers on a personal basis becomes less important because information about the organization's products, revenues, costs, and profits becomes more widely available.
Other outside investors, such as bondholders and shareholders, are more willing to provide financial capital to the firm when they have access to this information and do not necessarily know the managers personally.