For example, a typical middle-aged executive in a general management job will have the following responsibilities:1 1. Long run—setting some or all of the basic goals, directions, and priorities for an organization, including deciding what business or businesses to be in, and how to secure key resources. 2. Medium run—allocating resources effectively to that business or those businesses so as to achieve long-run goals. 3. Short run—the efficient use of the human, financial, and material resources employed in that business or those businesses, including some profit responsibility.
