Final answer:
Delegation of authority refers to the granting of power by one individual to another to make decisions, access resources, and execute tasks to fulfill job responsibilities. This occurs within a clear hierarchy of authority, facilitating efficiency and productivity through division of labor.
Step-by-step explanation:
The term that refers to the delivery by one individual to another of the right to act, to make decisions, to requisition resources, and to perform other tasks in order to fulfill job responsibilities is known as delegation of authority. This concept is an essential part of organizational management and hierarchy. For example, a CEO may delegate certain decision-making powers to a department manager, who then may delegate tasks to team leaders and employees. This helps to increase efficiency by ensuring that the right people with the right skills are performing the tasks best suited to them.
A key condition for successful delegation is a clear and well-defined hierarchy of authority, which provides a chain of command within an organization. This way, each individual knows who they must report to and who has the power to make decisions.
Moreover, the division of labor is an associated concept, where job responsibilities are divided among various individuals to ensure greater productivity and efficiency. Every position and its responsibilities are clearly defined and distinguished from others in an organization.
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