BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Decentralization means diffusion of authority. The dispersal of the authority of decision-making to the lower level management is termed as decentralization. Decentralization of authority is a fundamental phase of delegation and the extent to which authority is not delegated is called centralization.

Detailed explanation-2: -The concentration of decision-making authority is called centralisation whereas its dispersal among more than one person is known as decentralisation.

Detailed explanation-3: -A company with a decentralized organizational structure is one where mid-level and lower-level managers make most of the decisions, rather than the senior management team. Sometimes, management even involves team members in the decision-making process.

Detailed explanation-4: -Decentralized organization involves dispersing decision-making authority among multiple employees or departmental teams.

Detailed explanation-5: -Decentralisation of authority means dispersal of authority to take decisions throughout the organization, up to the lower levels. Decentralisation refers to delegation of authority throughout all the levels of the organisation.