Upper management is generally a team of personnel accountable to make primary and basic decisions in a company or corporation. Upper management is also called as senior management or top management. They have the higher responsibilities than the lower levels of management and workers.
Upper management comprises of ranks like CEO, CFO, executive director and COO. They have special executive powers bestowed upon them form the shareholders or board of directors. They typically take long term or strategic decisions for the company and small scale day to day operations are looked over by lower levels of management.
Upper management are responsible to keep the company profitable and generate returns for shareholders consistently. They define the goals, objectives and vision for the company. Their decisions affect each and every one in the company. They work in corporate offices generally away from manufacturing and operational units.