What is the difference between centralization and decentralization?
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Centralization is said to be a process where decision making is in the hands of a few managers or authority is concentrated. Only one or a few people have the authority to make decisions.
On the other hand, decentralization is a systematic delegation of authority at all the levels of the management of an organization. In decentralization, authority is delegated to different levels of management according to their knowledge and experience and they have the power to take decisions at different stages.