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Briefly explain the meaning of the term decentralization

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Reference no: EM132955660

In a large multiproduct, multi-location and hierarchical entities of modern business enterprises, managers must decide who in the organization will have the authority and responsibility for making particular decisions and how such a decision maker will be evaluated and rewarded. In view of this, a certain amount of decentralization is necessary within an organization.

Required:

Problem i. Briefly explain the meaning of the term decentralization.

Problem ii. Briefly explain the FIVE (5) motivations for decentralization?

Reference no: EM132955660

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