The process of delegation involves the following steps: 1. Determination of Expected Results 2. Assignment of Duties 3. Authorization for Action 4. Creation of Obligations. Process of Delegation (with Steps) Process of Delegation – Top 4 Steps: Determination of Expected Results, Assignment of Duties, Authorization for Action and Creation of Obligations The complete process of delegation of authority involves the [...]
Some of the advantages of delegation are: 1. Relief to the Manager from Routine Work and Concentration on Policy Issues 2. Basis for Effective Functioning 3. Effective and Timely Decisions 4. Empower and Develop Subordinates 5. Satisfaction to Subordinates 6. Effective Utilisation of Organisational Human Resources 7. Opportunity for Professional Training and Growth 8. Helping the Expansion of Business 9. [...]
The company is an instrument that unites the efforts of great number of people -shareholders, directors, members of the top management team and the functional or departmental managers and their subordinates. The shareholders who provide the funds for the company are commonly regarded as the 'owner' of the company and its business and property. Legally, they are not the owners; [...]