15. Decentralization The tendency to disperse decision making authority in an organized structure. 16. What do you mean by a strategy? Strategy is defined as the determination of long-term objectives of an organisation. Making the best choices for the future and allocating the resources necessary to accomplish the objectives. 17. What is decision making? Decision making is defined as the selection of a course of action among alternative courses of action. Decision making should be rational. Decision making involves a choice among alternatives.
