KEY TERMS OF MANAGEMENT FROM DELEGATION TO MANAGERIAL GRID
1. Delegation : The transfer of authority from a manager to a subordinate. 2. Span of management : The number of employees reporting to a manager. Also known as span of control. 3. Centralization : Decision authority is concentrated at the top of the organizational hierarchy. 4. Decentralization: Upper management pushes decision-making authority to lower organizational levels. 5. Tall structure : Characterized by a large number of hierarchical levels and a relatively narrow span of management. 6. Flat structure : Characterized by few hierarchical levels and a broad span of management. 7. Organizational change: The adoption and implementation of innovations and new behaviors by an organization. 8. ...