Everything you need to know about centralisation and decentralisation of authority. Centralisation means concentration. When authority is concentrated, there is centralisation. An organisation is said to be centralised when most of the decision making power is reserved by one or a few persons at the higher level. In a centralised organisation there is not much delegation of authority and responsibility. [...]
In this article we will discuss about decision making. Decision making is one of the most important functions of management. The word "decision" is derived from a Latin word "Decis" which means "Cutting away or cutting off to come to a conclusion" this is itself means that a single thing is to be brought in action by cutting off many [...]
Everything you need to know about the steps, stages, procedure and process of decision-making adopted by business, organisations and managers. Decision making is many-phased and sequential process. It involves a series of interrelated steps that lead manager towards optimum solution. The stages need not be rigidly applied, rather they depend on situations. This process is more applicable to non-programmed decisions. [...]