What are the advantages and disadvantages of decentralization? Would you prefer to work in a centralized or decentralized organization and why?
What are opportunity costs and what are the economic benefits? Can you think of various industries where these costs and benefits could be applied to these types of costs and benefits?
Sample Solution
Advantages:
1. Improved decision-making: Decentralization can lead to improved decision-making and problem solving by allowing decisions to be made at the most appropriate level within an organization. This can help ensure that decisions are tailored to local conditions or specific needs, rather than being imposed top-down from head office.