DELEGATION OF AUTHORITY
Delegation of Authority It is an organizational process wherein the manager divides his work among the subordinates and give them the responsibilities to accomplish the respective tasks. Importance of delegation of authority :- • Lessening of Burdens. • Effectiveness in Decision Making. • Better Decision. • Speed-up Decision Making Process. • Tool for Motivation. • Creates a Formal Structure. • Development of Managerial Functions. • Growth of Inter-relationship. Principle of delegation of authority:- The process through which a manager assigns responsibility to the subordinate to carry out work on his behalf. Process of delegation of authority :- • Assignment. • Transfer. • Acceptance. • Accountability. Elements of delegation of authority :- • Responsibility. • Authority Power. • Accountability.