Term
| What is a job description? |
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Definition
| It outlines the responsibilities and duties to be carried out by someone employed to do a specific job. |
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Term
| What does a decentralized management structure mean? |
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Definition
| It means that many decisions are not taken at the center of the business, but are delegated to a lower level. |
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Term
| What does a centralized management structure mean? |
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Definition
| It means that most decisions are taken at the center or higher levels of management. |
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Term
| Examples of functional departments: |
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Definition
Human Resources
Marketing
Finance
Production |
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Term
| What is Federal Decentralization? |
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Definition
| When authority is divided between the different product lines of the business. |
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Term
| What is Regional Decentralization? |
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Definition
| When a business has bases in many regions or countries. |
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Term
| What is decentralization by project teams? |
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Definition
| When a particular project is given to a team involving people from all functional areas. |
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