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What is Centralization? How is it different from Decentralization

View all our courses and get certified on https://academy.marketing91.com Centralization refers to the organizational structure where the power of decision-making rests in the hands of top management Centralization is the process where the subordinates have to follow all the rules laid down by the central authority. Factors Determining Centralization of Authority 1. What is the organization like? 2. How large it is? 3. What is the task like? 4. Does it have the ability to delegate? 5. Are the employees efficient? Advantages of Centralization The chain of command goes through a proper hierarchy and everyone knows to whom he will be reporting and working. The centralized management has tunnel vision and it makes it easier to achieve organizational objectives and goals. There is clarity in communication. The centralized structure has standard rules and processes and it helps to cut workplace and administrative costs. The decision-making is quick as it is in the hands of centralized power. Quality standards remain high and working is smooth. There is proper coordination between relevant parties. Disadvantages of Centralization Bureaucratic and dictatorial leadership where juniors have no say in anything Work is often delayed Employee work for themselves and not for the firm Specialization is not a possibility Rigid structure with no flexibility Top management is overburdened The flow of communication is downward Centralization vs Decentralization Centralization                                                             Decentralization Things run slower                                                       Things run faster Power is centralized                                                   Power is distributed Increased pressure on the top management        Distributed pressure The flow of communication is downward                 Flow of communication is horizontal Example 1. Tesla 2. LEGO This video is on Centralization and it has the following sub-topics. Time Stamps 0:00 Introduction to Centralization 00:20 What is Centralization? 01:03 History of Centralization of Authority 01:38 Factors Determining Centralization of Authority 01:55 Advantages of Centralization 03:07 Disadvantages of Centralization 04:38 Centralization vs Decentralization 05:56 Example of Centralization