What is meant by Delegation? State any three points which highlight the importance of delegation in an organization.
Delegation of authority is the process of entrusting responsibility and authority and creating accountability of the person to whom work or responsibility is handed over. Its importance are:
- Effective management: Delegation of authority reduces the workload of a manager. Managers who practice delegation of authority are definitely better decision makers than those who do not delegate authority.
- Motivation of employees: In the process of delegation of authority, both authority and responsibility are delegated to their subordinates. This situation provides liberty to work and take decisions on the part of subordinates. Through this; they exhibit their talent and skill.
- Facilitation of work: Delegation of authority does not develop only one person or
division but facilitates the development of the organization as a whole. As an adequate number of able employees are available in an organization to take decisions expansion modernization and diversification of a business can be done with full confidence.