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DELEGATION AND DECENTRALISATION DELEGATION   Meaning -  Delegation of authority is a process by which a manager assigns some of the tasks within his work to his subordinate on selective basis, allows him to exercise authority on his behalf to accomplish the tasks and makes him accountable for the performance. Elements of Delegation Responsibility: Responsibility denotes the work or duties assigned to a person by virtue of his position in the organisation.It refers to mental and physical activities which must be performed to carry out a task. In order to enable the subordinate to perform his responsibility well, the superior must clearly tell the former as to what is expected from him. Authority: Authority is the right granted to an employee to make possible the performance of work assigned.power to use raw material, spend money, or ask for allotment of money, to hire and to fire, etc. has to be delegated to individuals to whom the work is assigned.  Accountability: Accoun...

WHAT IS MANAGEMENT? The term management is defined as an essential part of any goal oriented activity. Every organisation requires planning of activities, organisation of resources, establishment of communication system, leading and motivation of people, and control of operations for the realization of its goals. PROCESS OF MANAGEMENT   The elements of management process of management are stated as below:- (i) Planning :- It means determining the objectives of the unit or activity It involves deciding in advance what is to be done, how and when. (ii) Organising :- It refers to identification of activities to be carried out, grouping of similar activities and creation of departments. (iii) Staffing:- It involves manpower planning employment of personnel and their trainings.  (iv) Directing :- It includes communication with subordinates, providing them leadership and also motivating them. (v) Controlling :- It refers to comparing the actual performance with the plans or standar...