What’s it: Decentralization means delegating more authority and decision-making to lower levels. The term is common to various organizations, from corporations to governments. And in this article, we will focus on its application in companies. Decentralization contrasts with centralization. The latter emphasizes more authority under top-level management. In other words, decision-making is concentrated in top-level managers. As a result, top managers have high decision-making power and ... Decentralization is essential in the present business scenario where the organizations are becoming large and diversifying into different product lines. Decentralization is a term that has gained significant traction in recent years, often mentioned in discussions surrounding technology, politics, and societal structures. But what does it really mean? At its core, decentralization refers to the distribution of power, authority, and responsibility away from a central location or governing body. This concept is not new, but its application and significance have evolved, especially with the advent of digital technologies. Understanding ... Decentralization is the distribution of power, authority, or control away from a central authority to a more distributed network. Learn more.
