ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
decentralized organization.
|
|
|
centralized organization.
|
|
|
line authority.
|
|
|
line and staff authority.
|
Detailed explanation-1: -Decentralization in management can be understood as the orderly assignment of authority, throughout the levels of management, in an organisation. It describes the way in which power to take decisions is allocated among various levels in the organisational hierarchy.
Detailed explanation-2: -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-3: -Decentralized organizations delegate decision-making and operational responsibilities to the managers of each segment, or division, of the organization.