Question:

What do you mean by delegation of authority?

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Delegation allows managers to distribute workload and focus on higher-priority tasks while developing their team's skills.
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Solution and Explanation

Delegation of authority refers to the process of assigning responsibility and authority to others within an organization. It is a fundamental management function that enables managers to distribute workload and ensures that tasks are performed efficiently. Key aspects of delegation: 1. {Responsibility:} The manager assigns tasks and ensures that subordinates are accountable for their completion. 2. {Authority:} The manager gives the necessary authority to subordinates to make decisions and take actions within their delegated tasks. 3. {Accountability:} While responsibility is delegated, the manager remains accountable for the overall outcomes of the tasks. Conclusion: Delegation is essential for increasing efficiency, allowing managers to focus on higher-level tasks, and developing the capabilities of subordinates.
Final Answer: \[ \boxed{\text{Delegation of authority is the process of assigning responsibility and authority to others.}} \]
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