Walnut Pvt. Ltd. has grown in size. It was a market leader but with changes in business environment and with entry of MNCs its market share is declining. To cope up with the situation CEO starts delegating some of the authority to the General Manager, who also felt himself overburdened and with the approval of the CEO disperses some of his authority to various levels throughout the organization.
Identify the concept of management discussed above.
Decentralization