👉 Managerdom is a concept in management theory that refers to a hierarchical structure of authority and responsibility within an organization. In this structure, managers are responsible for making decisions, setting goals, and overseeing the performance of subordinates. The hierarchy typically starts with the highest level, such as the CEO or board of directors, and progresses down to more junior staff members at each level. This management style is often seen as a way to ensure that all employees have a clear understanding of their roles and responsibilities, while
