decentralization

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decentralization

the relocation of managerial AUTHORITY and RESPONSIBILITY to a lower level in the ORGANIZATION. A restructuring of a FUNCTIONAL STRUCTURE to a PRODUCT-BASED STRUCTURE will generally involve some degree of decentralization, especially regarding operational (but not strategic) matters. DELAYERING often involves decentralization from middle management to LINE MANAGERS. See CENTRALIZATION, ORGANIZATIONAL ANALYSIS.

decentralization

the diffusion of economic decision-making to many different decision-makers rather than concentrating such decision-making centrally. In an economy this is achieved by the adoption of the PRICE SYSTEM, which devolves decisions to individual consumers and suppliers. In a firm, decentralization involves delegating authority to make decisions ‘down the line’ to particular divisions and departments. See PRIVATE ENTERPRISE ECONOMY, MFORM ORGANIZATION.
References in periodicals archive ?
This study considers the Decentralized Energy Storage value and volume generated from the sales of the following segments:
Among the expanding number of sponsors, exhibitors and supporters, DECENTRALIZED 2019 is proud to feature on-site booths where the Government of Canada, Eurobank Greece, Stelios Americanos & Co.
Skrumble Network (SKM) is a new, innovative public blockchain that is uniquely optimized for secure communication-centric connections and transactions, decentralized applications, and offers a communication layer for developers to build into any application.
ApolloX founder and CEO Will Li believes that more brands will use decentralized e-commerce platforms as their primary online sales channel because they offer transparency and independence.
The key to success with cloud databases is decentralized data management for both "Lift & Shift" and "Green Field-Only" strategies.
James Lawrence, Director North American Community Management, Odyssey Protocol Foundation, said 'It is Odyssey's mission to lower costs and increase trust in the decentralized sharing economy and it is through world class partnerships with teams like oBike, who understand the benefits of digital assets and are serious about using OCN to lower payment costs and times, that we can deliver on this.'
"Several years ago, the excitement around the decentralized ledger (blockchain) architecture started to grow dramatically", said Steve Leonard, CEO of SGInnovate.
To facilitate understanding of this new technology, Section I describes the history and function of decentralized public ledger networks.
Many countries have long been working on decentralized governance.
As decentralized services became available, patients being seen at the JUTH clinic were given the option of transferring their care to a facility nearer their homes.
Muscat, Oct 25 (ONA) The Research Council (TRC) organized at Radisson Blu Hotel in today the 2 nd workshop "Decentralized Wastewater Treatment Management in the Sultanate" to discuss the initial output of the pilot project on decentralized treatment of wastewater.
To meet practical needs and theoretical challenges, a decentralized HVAC control system is proposed [21].

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