Business Studies

Name the process of entrusting responsibility, authority and creating accountability of the person whom work has been handed over. Explain the importance of this process. 


SOLUTION
Importance of delegation process-
() Efficiency: Efficiency arises when duty is transferred to people with skills that match the role.
() Development: Team leaders have skills and abilities that can be passed down to other team members. The best way to do this is to teach them the new skills and then delegate duties to them for them to utilize the already learnt skills. 
() Empowerment: To empower is to allow others become experts at what they do even if they surpass your ability. This encourages personal development of team members leading to the overall team success.
() Leadership: A good leader does not do, he plans and coaches. After coaching, team members will take roles assigned to them and accomplish with or without supervision.
() Improved decision making: Another importance of delegation is that it always leads to better decisions. This is because supervisors are closer to the scene and are part of everything that happens and they only need to be empowered to make justified judgments..
() Managers are relieved from heavy workload: Everyday, responsibilities accumulate. When a lot of duties are handled by one person, inefficiency creeps in resulting to wrong decisions that negatively influence the company operations.
() Enhances faster decisions: Quick decision making is made possible as unnecessary bureaucratic channels initially followed to arrive to simple decisions are broken.On-the-spot-decisions save the organization a lot of time initially wasted.
() Builds morale and trains subordinates: When subordinates are allowed to make decisions on their own, they accept responsibility. This in turn improves their self-confidence and overall performance.

View Full Answer

Its FREE, you're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Subjective Medium Published on 18th 09, 2020
Next Question
Questions 203525
Subjects 9
Chapters 126
Enrolled Students 126
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Which of the following is correct treatment of life membership fees received be non-profit organization?
  • A. The amount received may be taken as capital receipt and credited to life membership account which will be shown on the liabilities side of the balance sheet.On death of the member his contribution is transferred to capital fund.
  • B. The amount received may be credited to life membership account from which an amount equal to the normal annual subscription is transferred to income and expenditure account and the balance is carried forward till it is exhausted. In case of death of a member, the balance, if any , in the life membership account may be transferred to capital fund account.
  • C. The amount received may be credited to life membership account.Thereafter an amount calculated on the basis of the average life of the member is transferred annually to income and expenditure account and the balance is shown on the balance sheet.
  • D. Any of the above.

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q2 Single Correct Medium
Informal Organization
Which of the following refers to the relationship between people based not on procedures but on personal attitudes, prejudices, likes and dislikes?
  • A. Formal organization
  • B. Matrix organization
  • C. Project organization
  • D. Informal organization

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q3 Subjective Medium
A company is manufacturing washing machines. There is a well defined system of jobs with a clear and definite authority, responsibility and accountability in the company. But people are not allowed to interact beyond their officially defined roles. As a result the company is not able to adapt to the changing business environment. The workforce is also not motivated due to lack of social interaction. The company is facing problems of procedural delays and inadequate recognition to creative talents.
(i) Suggest how the organisation can overcome the problems faced by it.
(ii) Give any two benefits it will derive from your suggestion.

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q4 Single Correct Medium
It is_______ that makes the managerial position Real and vests in him the power to order his sub-ordinates and secure necessary compliance.
  • A. Responsibility
  • B. Accountability
  • C. Duties & obligations
  • D. Authority

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q5 Subjective Medium
Distinguish between formal and informal organisations on the basis of purpose.

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer