Empowerment

Delegated Authority: Authority granted by a higher authority
Delegated authority refers to the transfer of decision-making power from a higher authority to a lower one within the hierarchy of an organization, government, or any structured institution.
Employee Empowerment: Enhancing Responsibility and Autonomy in the Workplace
Employee Empowerment involves granting employees more responsibility and autonomy in decision making, leading to better decision-making capabilities, higher levels of training, motivation, and productivity.
Empowerment: Participative Management and Self-Directed Work Teams
Empowerment is a form of participative management where employees share management responsibilities including decision making and establishing work goals. This fosters self-directed work teams.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.