Decentralization: Meaning, Importance, Advantages, Disadvantages
Decentralization means diffusion of authority. The dispersal of decision-making authority to the lower-level management is termed decentralization. Decentralization of authority is a fundamental phase of delegation, and the extent to which authority is not delegated is called centralization. To understand decentralization, we need to realize what centralization looks like. What is Centralization? “Centralization” has been…