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03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps?
Most Upvoted Answer
03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE ...
Principle of Management Highlighted: Decentralization
Explanation:
The statement highlights the principle of decentralization, which refers to the transfer of decision-making authority from a central authority to a lower level of the organization. In this case, the panchayats in our country have been given more powers to decide and spend funds granted to them by the government for the welfare of villagers. This means that the central government has decentralized its decision-making authority to the panchayats.
Benefits of Decentralization:
1. Increases Efficiency: Decentralization helps to increase the efficiency of decision-making as it allows decisions to be made at the local level, where people have a better understanding of the issues and concerns.
2. Promotes Participation: Decentralization promotes greater participation by local communities in decision-making, which helps to ensure that decisions are more responsive to the needs of the people.
3. Improves Accountability: Decentralization helps to improve accountability as decision-making is brought closer to the people affected by those decisions.
4. Encourages Innovation: Decentralization encourages innovation as it allows for experimentation and the development of new ways of doing things.
Conclusion:
Thus, decentralization is an important principle of management that can help to improve the efficiency, effectiveness, and responsiveness of organizations. It is essential for organizations to understand the benefits of decentralization and to implement it in a manner that is appropriate for their particular situation.
Explanation:
The statement highlights the principle of decentralization, which refers to the transfer of decision-making authority from a central authority to a lower level of the organization. In this case, the panchayats in our country have been given more powers to decide and spend funds granted to them by the government for the welfare of villagers. This means that the central government has decentralized its decision-making authority to the panchayats.
Benefits of Decentralization:
1. Increases Efficiency: Decentralization helps to increase the efficiency of decision-making as it allows decisions to be made at the local level, where people have a better understanding of the issues and concerns.
2. Promotes Participation: Decentralization promotes greater participation by local communities in decision-making, which helps to ensure that decisions are more responsive to the needs of the people.
3. Improves Accountability: Decentralization helps to improve accountability as decision-making is brought closer to the people affected by those decisions.
4. Encourages Innovation: Decentralization encourages innovation as it allows for experimentation and the development of new ways of doing things.
Conclusion:
Thus, decentralization is an important principle of management that can help to improve the efficiency, effectiveness, and responsiveness of organizations. It is essential for organizations to understand the benefits of decentralization and to implement it in a manner that is appropriate for their particular situation.
Community Answer
03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE ...
C authority and responsibility
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03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps?
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03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps?.
03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps?.
Solutions for 03) " PANCHAYATS IN OUR COUNTRY HAVE BEEN GIVEN MORE POWERS TO DECIDE AND SPEND FUNDS GRANTED TO THEM BY THE GOVT. FOR WELFARE OF VILLAGERS. " IDENTIFY THE PRINIVIPLE OF MGT. HIGHLIGHTED IN THE STATEMENT a) Equity b) Centralization and decentralization c) Authority and responsibility d) Espriot de corps? in English & in Hindi are available as part of our courses for Commerce.
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