Middle management financial definition of middle management
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middle manager any manager who occupies a middle position in the HIERARCHY of an ORGANIZATION, located between those senior managers who formulate business strategy and those with direct responsibility for overseeing the work of production or of clerical employees. In practice the term is used imprecisely; it can also refer to those managers who do not contribute directly to the organization's primary output and to those who do not have direct responsibility for budgets or overseeing the work of others (see LINE AND STAFF). In recent years many organizations have sought to reduce the number of their middle managers; information technology has rendered some of their information-processing roles unnecessary, whilst many have claimed that the absence of responsibility has led to poor job performance. See MANAGEMENT.