Contents
Introduction 2- Delegation 2
- Delegation’s Key Elements 3
- Responsibility 3
- Authority 3
- Accountability 4
- Delegation Strategies 4
- Delegation in Banking Sector 5
- Conclusion 7
- References 8
Description
Delegation is considered as an essential and critical element for successful management in organizations (Sengul et al., 2012). Delegation refers to a process that involves passing on critical tasks to subordinates wherein the subordinates are given the responsibility for decisions officially made by the leader or manager and increase discretion of the work allowed to employees working under the manager (Ali-Ahmadi, 2015). The subordinates are given the authority to make decisions without seeking approval prior to implementing it by the manager (Sultan, 2017). This report discusses the importance of delegation for organizations in general and the banking sector.
