centralized organization
Definition
A management structure where decision making is done at higher consolidated levels by those with a broader perspective that includes having amassed considerable knowledge and information about what needs to be done. In a centralized organization, decisions made by higher management are typically communicated to lower organizational tiers who are then expected to accept and move forward in a way consistent with those decisions.
Related Articles
- The FOMC and its Impact on Monetary Policy *
- Business Finance 101 *
- Borrowing Against a Life Insurance Policy *
- Savings Bonds *
- Credit Fraud and How to Protect Yourself *
- Types of Accounts Typically Offered by Banks *
- Introduction to IRAs and Distribution Options *
- Analyzing Investments and Recording Transactions *
Related Videos
http://www.businessdictionary.com/definition/centralized-organization.html
