Question : The size of Vasu Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General Manager, who also felt overworked, did so with the CEO's agreement and distributed some of his authority to various levels inside the organisation. Name the managerial idea that was mentioned above.
Option 1: Authority
Option 2: Responsibility
Option 3: Delegation
Option 4: Decentralisation
Correct Answer: Decentralisation
Solution : Decentralization is the methodical delegation of power at all management levels and throughout the whole organisation. In a decentralisation concern, top management is still in charge of making important choices and formulating policies that affect the entire concern. The lower and middle levels of management may be given the remaining power. Hence, the correct option is 4.
Question : The size of Varun Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General Manager, who also felt overworked, did so with the CEO's agreement and distributed some of his authority to various levels inside the organisation. Name the managerial idea that was mentioned above.
Question : No matter how competent he is, a manager cannot do every duty by himself. It would be impractical for him to handle everything by himself due to the volume of work. As a result, he must give subordinates the authority to act within set parameters if he wants to reach the organization's goals, concentrate on objectives, and guarantee that all work is completed. Name the managerial idea that was highlighted above.
Option 1: Organisation structure
Option 2: Delegation
Option 3: Organising
Question : 'It leads to effective management as by relieving the employees from doing routine work, it provides them with time to excel in new areas.' Identify the concept.
Option 1: Decentralisation
Option 2: Authority
Option 4: None of the above
Question : In contrast to most other businesses, L&T Ltd operates as 200 smaller businesses, each focused on a particular product or industry. This implies a selective distribution of authority and recognises the need for autonomy among decision-makers as decision-making authority is decentralised lower in the chain of command. It enables the business to keep lines of communication open with clients and staff members and quicken talent development. Describe the philosophy L&T Ltd. is using to distribute decision-making responsibilities among the various levels of the hierarchy.
Option 1: Delegation
Option 2: Functional structure
Option 3: Decentralisation
Option 4: Formal organisational structure
Question : In contrast to most other businesses, L&M Ltd operates as 190 smaller businesses, each focused on a particular product or industry. This implies a selective distribution of authority and recognises the need for autonomy among decision-makers as decision-making authority is decentralised lower in the chain of command. It enables the business to keep lines of communication open with clients and staff members and quicken talent development. Describe the philosophy L&M Ltd. is using to distribute decision-making responsibilities among the various levels of the hierarchy.
Option 2: Decentralisation
Option 3: Functional structure
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