BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Centralized management is the organizational structure where a small handful of individuals make most of the decisions in a company.

Detailed explanation-2: -What is centralized management? Centralized management is when only the executives at an organization manage the planning and decision-making responsibilities. These top management professionals give instruction to all other levels of management at the organization, who help to implement the decision.

Detailed explanation-3: -In centralized organizations, strategic planning, goal setting, budgeting, and talent deployment are typically conducted by a single, senior leader or leadership team. In contrast, in decentralized organizations, formal decision-making power is distributed across multiple individuals or teams.

Detailed explanation-4: -A centralized organizational structure is a management system where decision-making happens at the top or executive level. Senior-level managers retain the authority to make business-related decisions and slightly delegate this power to lower-level employees.

Detailed explanation-5: -In a centralized organization, all of the “power” or decision-making authority lies with a group or individual at the top. The other members of the organization then work to carry out the decisions made by top-level leaders.