Day: February 8, 2021

formal organization definition

Formal Organization: Meaning, Features, and Differences with Informal Organization

What is a Formal Organization? A formal organization is the structure of the organization that is officially formed by the management to achieve the defined goals. In other words, a formal organization refers to an organization that is formed under official rules and regulations to achieve defined objectives. A formal organization is a structure of …

Formal Organization: Meaning, Features, and Differences with Informal Organization Read More »

what is centralization

What is Centralization? Definition, Advantages, and Disadvantages

What is Centralization? Centralization is the process of systematically retaining decision-making power at the top level of management. Top-level management makes autonomous decisions. In a centralized organization, considerable authority and accountability remain at the top of the hierarchy. The rest parties of the organization receive the command from the top manager and follow. In centralized …

What is Centralization? Definition, Advantages, and Disadvantages Read More »

decentralization

Decentralization of Authority – Meaning, Advantages, and Disadvantages

Decentralization of Authority Decentralization of authority means delegation of authority by top-level management to the subordinate level management on the basis of their responsibilities. It is a philosophy of scientific and systematic delegation of managerial authority to middle and lower-level management. Decentralization is the important management concept that concerns the distribution of decision-making power to …

Decentralization of Authority – Meaning, Advantages, and Disadvantages Read More »