Discuss costs and benefits of decentralized decision making/ Managerial Economics
1. Discuss the costs and benefits of decentralized decision making relative to centralized decision making.
2. Mark Wilson, chief of personnel, has been instructed to increase the hiring of women at the Morton Cement Company. Mark will be evaluated by the company president Josh Cohen on his success or failure in meeting this goal. Mark does not evaluate the performance of any of the division chiefs, and each chief must approve all new division employees. Do you expect Mark to succeed in this endeavor? Why or why not? Explain your reasoning.
