CHANDIGHAR UNIVERSITY

CMT117
Principal of management

Name – Muskan Yadav

Uid – 19bcm1072
Submitted to – Dr. Jaspreet
 Responsibility

Responsibility is nothing but the duty that comes along with the job. In other
words, it is the obligation of the person to complete the task given to him/her.
It becomes his responsibility. Moreover, it shows that the authority is properly
used and work is done accordingly.
Under this, a person is eligible to delegate the work to the subordinate but not the
ultimate accountability.
That means, even if he transfers his work, he will remain responsible for the
obligation of the accomplishment of the work
 Authority
Authority is nothing but the rights or the powers with the executives which the
organization provides them with the aim of accomplishment of certain common
organizational goals.
Hence, it includes the powers to assign duties to the subordinates and make them
accept and follow it.
Without authority, a manager ceases to be a manager because he will be able to
make his juniors or subordinates work towards the accomplishment of the goals.
 Accountability
It is nothing but the liability created for the transfer of authority. Accountability
creates the obligation of the subordinate and makes him answerable for the work
done by him/her.
Hence, it is the answerability for the performance of the assigned duties. Once a
person accepts authority, he deems to accept Responsibility and Accountability at
that time only.
 Advantages of Centralization
The organization can strictly enforce uniformity of procedures and policies. It can help in the
elimination of overlapping or duplicate activities and save costs.
The organization has a better chance of utilizing the potential of its outstanding employees. It
offers a better control over the activities of the organization by ensuring consistency in
operations and uniformity in decision-making.
 Advantages of Decentralization
Faster decision-making and better quality of decisions Improves the effectivity of managers.
Offers a democratic environment where employees can have a say in their governance.
Provides good exposure to mid and lower-level managers and creates a pool of promotable
manpower with managerial skills.
Since managers can see the results of their own actions, they are more driven and have
improved Morales.