Which level of management focuses on developing overall business strategies and objectives?

The strategic level of management is primarily responsible for developing overall business strategies and objectives. This level involves high-level decision-making that shapes the direction of the organization and determines its long-term goals. Leaders at this level analyze the external environment, market conditions, competition, and internal capabilities to craft strategies that ensure the organization can achieve its vision and mission.

Strategic management involves not only setting those broad objectives but also allocating resources effectively to reach them. Additionally, senior executives and top management typically engage in this level of planning, considering factors such as corporate culture, market positioning, and stakeholder interests to outline comprehensive strategies that lead the organization toward growth and sustainability.

In contrast, operational and tactical levels focus on the implementation of policies and the management of resources to meet short-term goals rather than the formulation of long-term strategies. Middle management serves as a bridge between these varying levels but is not the primary driver of strategic direction.