ENTREPRENEURSHIP

Detailed explanation-1: -Centralization refers to a setup in which the decision-making powers are concentrated in a few leaders at the top of the organizational structure.

Detailed explanation-2: -Centralized management occurs when all management data (e.g., pings, SNMP polls/responses, Traceroute, etc.) radiate from a single (typically large) management system. The flows of management data then behave like the client–server flows discussed in Chapter 4 and shown in Figure 7.8.

Detailed explanation-3: -: to form a center : cluster around a center. transitive verb. : to bring to a center : consolidate. centralize all the data in one file. : to concentrate by placing power and authority in a center or central organization.

Detailed explanation-4: -Centralization and Decentralization are two modes of working in any organization. In centralization, there is a hierarchy of formal authority for making all the important decision for the organization. And in decentralization decision making is left for the lower level of organization.

Detailed explanation-5: -In any organization, there are two ways of operation: centralization and decentralization. There is a hierarchy of formal authority in centralization for making all the organization’s important decisions. Decentralization means that decision-making is delegated to the lower levels of the organization.