Villa have failed to win any of their last 15 matches, and they are now cut adrift at the bottom of the Premier League table.
The Claret and Blues have already changed their manager this season – with Tim Sherwood being swapped for Remi Garde – but Smith does not feel that either of the men are to blame.
“Aston Villa’s mismanagement looks quite staggering,” Smith said. “Those making the decisions at Villa Park have put the club in a seemingly irreversible plight, with relegation appearing a formality.
“Yet it shouldn’t be like this. How can newly promoted Bournemouth and Watford look vibrant and organised while this famous old club suffer a slow death? Tradition dictates that the manager carries the can. At Villa, it should be those sitting above.”
The Villians’ struggles have created huge frustration around Villa Park, and there has been few signs of improvement under Garde’s stewardship so far.
The Frenchman has been unable to get the Midlands side firing, while their defensive performances are still weak.
Villa lost 2-0 against Arsenal at home on Sunday in their most recent outing, and they never threatened in the contest.
The Gunners looked very comfortable, and scored early goals through Olivier Giroud and Aaron Ramsey, before cruising to success.
Villa are already eight points away from safety, with their next match coming against Newcastle United.