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 [...]
Management audit means the examination, review of various policies and action of the management on the basis of certain specified objectives. The management audit is conducted to critically evaluate the activities and efficiency of the management. It is an independent appraisal activity. Learn about:- 1. Introduction to Management Audit 2. Definitions of Management Audit 3. Concept 4. Scope 5. Objectives [...]
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. [...]