1.

What is meant by Decentralisation? State any four points of importance of decentralisation.

Answer»

Decentralisation: It refers to the delegation of authority i.e. decision making power throughout all the levels of the organisation.

Importance:

(i) Relief to top management

(ii) Develops managerial talent for the future

(iii) Quick decision making

(iv) Develops initiative amongst subordinates



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