Difference between revisions of "Decentralization"
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| − | ''' | + | '''Decentralization''' refers to a specific form of [[Organizational Structure|organizational structure]] where the top management delegates [[Decision Making|decision-making]] responsibilities and daily operations to middle and lower subordinates. The top management can thus concentrate on taking major decisions with greater time abundance. [[Business|Businesses]] often feel the requirement of decentralization to continue [[Operational Efficiency|efficiency in their operation]].<ref>What Does Decentralization Mean? [https://www.toppr.com/guides/fundamentals-of-economics-and-management/organising/advantages-and-disadvantages-of-decentralisation/ Toppr]</ref> |
Latest revision as of 21:08, 10 May 2021
Decentralization refers to a specific form of organizational structure where the top management delegates decision-making responsibilities and daily operations to middle and lower subordinates. The top management can thus concentrate on taking major decisions with greater time abundance. Businesses often feel the requirement of decentralization to continue efficiency in their operation.[1]