Vishal was working with Abhinav, a new entrepreneur, as a Production Manager. For smooth and co-ordinated flow of work, he had to pay attention towards various elements. To ensure predetermined quality of products, he had to compare the performance with established standards. Identify and state the element being discussed above which is related to one of the components of a 'Business Plan'
Answers
Answer:
(a) A delegation of authority is a process in which the authority and powers are divided and shared amongst the subordinates. When the work of a manager gets beyond his capacity, there should be some system of sharing the work. This is how the delegation of authority becomes an important tool in organization function.
The importance of delegation can be justified by -
() The delegation, a manager is able to divide the work and allocate it to the subordinates. This helps in reducing his workload so that he can work on important areas such as - planning, business analysis etc.
With the reduction of load on superior, he can concentrate his energy on important and critical issues of concern. This way he is able to bring effectiveness in his work as well in the work unit. This efficiency helps a manager to prove his ability and skills in the best manner.
() Delegation of authority is the ground on which the superior-subordinate relationship stands. An organization functions as the authority flows from top level to bottom. This in fact shows that through delegation, the superior-subordinate relationship become meaningful. The flow of authority is from top to bottom which is a way of achieving results.
() Delegation of authority in a way gives enough room and space to the subordinates to flourish their abilities and skill. Through delegating powers, the subordinates get a feeling of importance. They get motivated to work and this motivation provides appropriate results to a concern. Job satisfaction is an important criterion to bring stability and soundness in the relationship between superior and subordinates. Delegation also helps in breaking the monotony of the subordinates so that they can be more creative and efficient.
() Delegation of authority help to both superior and subordinates. This, in a way, gives stability to a concern’s working. With effective results, a concern can think of creating more departments and divisions flow working. This will require creation of more managers which can be fulfilled by shifting the experienced, skilled managers to these positions. This helps in both virtual as well as horizontal growth which is very important for a concern’s stability.
(b) cooperation- the action or process of working together to the same end.