Define the concept of authority and responsibility in management and their relationship
Define the concept of authority and responsibility in management and their relationship
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Define the concept of authority and responsibility in management and their relationship
Expert Solution
Step 1: Meaning of authority and responsibility-
Within an organization, an authority has the legal right to make decisions and issue orders. The requirement to fulfil specified tasks and be accountable for outcomes is referred to as responsibility. These parts are intertwined, where power enables action and responsibility guarantees that allocated activities are fulfilled appropriately, connecting efforts with organizational goals. Balancing and transferring authority and responsibility efficiently is critical to good management and organizational success.
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