Hierarchical Organization

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August 31, 2024 3 min read Definitions

Centralization: Concentrated Decision-Making

Management Business Economics Centralization Decision Making Management Structure Organizational Strategy Hierarchical Organization

The process or situation in which decision making is confined to the top managers of an organization, often compared to decentralization.

August 31, 2024 3 min read Definitions

Taxonomy: The Science of Classification

Science Biology Information Science Classification Hierarchical Organization Taxonomy Science Business

Taxonomy, a term predominantly used in biology, refers to the practice and science of classification. It is applicable in organizing living organisms and extends conceptually to diverse fields, such as business and information science, to structure and categorize elements systematically.