ENTREPRENEURSHIP

Detailed explanation-1: -Delegation helps to boost team moral, improve efficiency and productivity, and promotes enthusiasm, innovation, and cooperation – all of which are vital to a company’s bottom line.

Detailed explanation-2: -Benefits of Delegating Delegation of tasks to others offers the following benefits: Gives you the time and ability to focus on higher-level tasks. Gives others the ability to learn and develop new skills. Develops trust between workers and improves communication.

Detailed explanation-3: -Delegation means devolution of authority to subordinates to make them perform the assigned duties or tasks. It is that part of the process of organization by which managers make it possible for others to share the work of accomplishing organizational objectives.

Detailed explanation-4: -In case of delegation of authority, ultimate accountability still lies with the superiors, therefore they are not completely releived of their responsibility. Thus, it is not an advantage or importance of delegation of authority.

Detailed explanation-5: -General or Specific Delegation. It is based on the job assigned. Formal or Informal Delegation. It is based on the process of giving authority. Top to bottom or bottom to top Delegation. It is based on the hierarchy. Lateral Delegation. It requires a group or team to work in parallel.