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