B Com Exam > B Com Videos > Contemporary Management > Centralization and Decentralization, Contemporary Management
Centralization and Decentralization, Contemporary Management Video Lecture | Contemporary Management - B Com
|
52 videos|42 docs|12 tests
|
FAQs on Centralization and Decentralization, Contemporary Management Video Lecture - Contemporary Management - B Com
| 1. What is centralization and decentralization in contemporary management? |  |
Ans. Centralization refers to the concentration of decision-making authority at the top level of an organization. It means that the key decisions are made by a few top-level managers, and lower-level employees have limited decision-making power. On the other hand, decentralization involves the delegation of decision-making authority to lower-level employees or departments. It allows for a more distributed decision-making process and empowers employees to make decisions within their areas of expertise.
| 2. What are the advantages of centralization in management? | |
Ans. Centralization in management can provide several advantages. Firstly, it allows for consistent decision-making as top-level managers have a holistic view of the organization. This can ensure that decisions align with the overall goals and strategies of the company. Secondly, centralization can lead to efficient resource allocation as decisions are made by those with a broader perspective. Additionally, centralization can enhance coordination and control, as decisions are made by a select few who can monitor and evaluate their implementation.
| 3. What are the advantages of decentralization in management? | |
Ans. Decentralization in management offers several advantages. Firstly, it promotes employee empowerment and engagement, as lower-level employees have decision-making authority within their areas of responsibility. This can lead to increased job satisfaction and motivation. Secondly, decentralization allows for quicker decision-making, as decisions can be made at the point where information is readily available. Moreover, decentralization promotes innovation and creativity, as employees have the freedom to explore new ideas and approaches.
| 4. Are there any disadvantages of centralization in management? | |
Ans. Yes, there are some disadvantages of centralization in management. One major drawback is that it can lead to slower decision-making, as all decisions need to pass through a few top-level managers. This can create bottlenecks and hinder organizational agility. Additionally, centralization can result in a lack of employee empowerment and motivation, as lower-level employees may feel disengaged and uninvolved in the decision-making process. It can also limit the organization's ability to adapt to local or regional differences.
| 5. What are the potential drawbacks of decentralization in management? | |
Ans. While decentralization has its advantages, it may also have some drawbacks. One potential drawback is the risk of inconsistent decision-making, as different departments or individuals may have varying approaches and priorities. This can lead to conflicts or inefficiencies. Moreover, decentralization can create coordination challenges, as multiple decision-makers may need to align their actions. It may also require adequate communication and information-sharing systems to ensure that decisions are well-informed and aligned with the overall organizational strategy.
Related Exams
About this Video
|
4.73/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Centralization and Decentralization, Contemporary Management for B Com 2024 is part of Contemporary Management preparation.
The notes and questions for Centralization and Decentralization, Contemporary Management have been prepared according to the B Com exam syllabus.
Information about Centralization and Decentralization, Contemporary Management covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Centralization and Decentralization, Contemporary Management.
Introduction of Centralization and Decentralization, Contemporary Management in English is available as part of our Contemporary Management for B Com & Centralization and Decentralization, Contemporary Management in
Hindi for Contemporary Management course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Centralization and Decentralization, Contemporary Management Video Lecture | Contemporary Management - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Contemporary Management.
Information about Centralization and Decentralization, Contemporary Management
Here you can find the meaning of Centralization and Decentralization, Contemporary Management defined & explained in the simplest way possible.
Besides explaining types of Centralization and Decentralization, Contemporary Management theory, EduRev gives you an ample number of questions to practice Centralization and Decentralization, Contemporary Management tests,
examples and also practice B Com tests.
|
52 videos|42 docs|12 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,Extra Questions
,Contemporary Management Video Lecture | Contemporary Management - B Com
,study material
,Centralization and Decentralization
,practice quizzes
,Important questions
,Viva Questions
,Sample Paper
,Free
,Summary
,Contemporary Management Video Lecture | Contemporary Management - B Com
,Centralization and Decentralization
,mock tests for examination
,shortcuts and tricks
,ppt
,Contemporary Management Video Lecture | Contemporary Management - B Com
,video lectures
,past year papers
,Previous Year Questions with Solutions
,Exam
,MCQs
,Centralization and Decentralization
,Objective type Questions
;
Study Centralization and Decentralization, Contemporary Management on the App
Students of B Com can study Centralization and Decentralization, Contemporary Management alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Centralization and Decentralization, Contemporary Management,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Centralization and Decentralization, Contemporary Management is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup