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Question
What Is Meant by the Term Decentralization?
What Is Meant by the Term Decentralization?
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Solution
Decentralization refers to a type of organisational structure where the decision making responsibilities and the conduct of day to day operations are handed over to the middle and lower level managers.
This process is called delegation of authority.
Decentralisation allows the top management to focus on creative ideas to improve the business.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Decentralization refers to a type of organisational structure where the decision making responsibilities and the conduct of day to day operations are handed over to the middle and lower level managers.
This process is called delegation of authority.
Decentralisation allows the top management to focus on creative ideas to improve the business.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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