Questionnaire based data from 47 Indian corporations indicated interesting causal linkages between goals of top management and the level of job satisfaction of the relatively lower level of management vis-à-vis various job factors. three hypotheses were assessed, namely, that each goal differentially affects the various facets of lower management job satisfaction, that goals differ in their patterns of effects on lower management job satisfaction, and that goals differ on the extent of impact on lower management job satisfaction. The data broadly supported the hypotheses. Implications of the findings for organization theory and management practice are discussed. Hypotheses emerging from the study are stated.