Decentralization: An organizational arrangement whereby the
authority to make important decisions about organizational resources
and to initiate new projects is shared with managers at all levels in the
hierarchy. It is the opposite of Centralization.
7.
Delegation: Assigning or entrusting tasks to another employee
who would be expected to handle the job on behalf of the former to
manage time better, to enhance the quality of the work output and in
order to train people on the job.
8.
Development: Learning opportunities designed to help employees
grow, which need not be limited to improving employees’ performance
on current jobs.
9.
Downsizing: An organization’s strategy to reduce the present
size of its workforce strength in order to improve its overall financial
performance and ensure its survival.
10.
Empowerment: Providing employees with the skills and authority
to made decisions that would be taken by higher-level functionaries in
order to equip them to perform well and attain greater dignity.
11.
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