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Each type has its own advantages and disadvantages.</p>\n\n\n\n<h2>Advantages of centralization</h2>\n\n\n\n<ul><li>Centralized organizations benefit from a clear chain of command and focus on a vision which tends to be quick and efficient execution of decisions.</li><li>Centralized organizations are also more cost-effective owing to the clear separation of responsibilities between different actors.</li></ul>\n\n\n\n<h3>Disadvantages of centralization</h3>\n\n\n\n<ul><li>Centralized organizational systems lack control over the implementation process.</li><li>Employees rely on the information communicated from the top level and there will be delays in work.</li></ul>\n","excerpt":"<p>Centralized system depends on a central point of authority to make decisions and maintain the operation of the entire system. </p>\n","date":"September 13, 2021","acfGlossaryRelatedTerms":{"glossaryRelatedTerms":{"term1":null,"term2":null,"term3":null}}},"relatedArticles":{"nodes":[]},"latestArticles":{"nodes":[{"title":"What is CBDC? 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