Question : The size of Varun Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General Manager, who also felt overworked, did so with the CEO's agreement and distributed some of his authority to various levels inside the organisation. Name the managerial idea that was mentioned above.

Option 1: Authority

Option 2: Responsibility

Option 3: Delegation

Option 4: Decentralisation

Question : The size of Vasu Ltd. has increased. It was a market leader, but as the business environment changed and MNCs entered the industry, its market share shrank. The CEO begins to distribute part of his authority to the General Manager in order to deal with the problem. The General

Question : No matter how competent he is, a manager cannot do every duty by himself. It would be impractical for him to handle everything by himself due to the volume of work. As a result, he must give subordinates the authority to act within set parameters if he wants to reach the

Question : 'It leads to effective management as by relieving the employees from doing routine work, it provides them with time to excel in new areas.' Identify the concept.

Question : In contrast to most other businesses, L&T Ltd operates as 200 smaller businesses, each focused on a particular product or industry. This implies a selective distribution of authority and recognises the need for autonomy among decision-makers as decision-making authority is

Question : In contrast to most other businesses, L&M Ltd operates as 190 smaller businesses, each focused on a particular product or industry. This implies a selective distribution of authority and recognises the need for autonomy among decision-makers as decision-making authority is