Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question

Discuss the advantages and disadvantages of centralized versus decentralized planning in organizations.

Expert Solution
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Step 1: Define the term centralized & decentralized planning:

Centralized and decentralized planning are two contrasting approaches to the organization and management of planning processes within an entity, typically applied in the context of businesses, government agencies, or organizations. These approaches determine how decisions are made, resources are allocated, and authority is distributed within the planning process.

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