Crypto Academy season 2 week 1-Homework post for (@yousafharoonkhan)-Decentralization and centralization system,Advantages & disadvantages, which one is better for business.
Source:@yousafharoonkhan
QUESTION 1:EXPLAIN DECENTRALIZATION AND CENTRALIZATION.
Decentralization in a system is authority been given to individual to make decisions on their own.
The decision making here is never made by a single body or group but it involves everybody.
In a centralized system the responsibility of decision making relies on the higher authorities or executives
QUESTION 2:DIFFERENCE BETWEEN DECENTRALIZATION AND CENTRALIZATION.
1.In centralization authority is kept at the top level but in decentralization authority is delegated at Lower level
2.when it comes to decision making is slow in a centralized system while is fast in the other.
3.Large organization prefer decentralization while small organization prefer centralization.
4.uniformity in decision making exist in centralization while is not possible in decentralization.
QUESTION 3:FIVE ADVANTAGES AND DISADVANTAGES OF EACH
Advantages of decentralization
1.In a decentralized system it reduces the burden on the top executives.
2.decentralization facilitates diversification
3.it provides product and also market emphasis.
4.In a decentralized system the executives get the chance to develop talents.
5.it promotes motivation as well
Disadvantages
1.it creates more financial burden.
2.in a decentralized system uniformity polices are not followed.
3.There is also problem of coordination.
4.it requires qualified personals
5.Decentralization creates conflict.
Advantages of centralization
1.Centralization facilitates personal leadership
2.It encourages uniformity of actions
3.In centralized organization emergencies can be handled promptly.
4.it needs not to have highly skilled subordinate because it results in economy of wages.
5.integration of total operations.
Disadvantages
1.it adds more burden to the executives
2.centralization hinders the growth and development of the lower sections,because they don't partake fully.
3.it reduces the scope for specialization
4.Centralization system slows up the operations of the system.
5.it gives the executive less time to plan.
QUESTION 4:WHICH ONE IS BETTER FOR BUSINESS AND WHY.
Both decentralization and centralization are both Good but these factors should be considered
1.Size of the system
2.Effectiveness
3.The span of control
4.Dispersion of system units
So i think decentralization is better for business because it has the above mentioned qualities
Thanks!
First respected student Thank you very much for taking participate in Steemit Crypto Academy Season 2, Week 1 course class..
i have read your assignment very satisfactorily but you had to define the two systems in your own words you tried little but did not you explore the meaning.. you can see below line
We will try to understand Decentralization in very simple words. Decentralization is about authority. And Decentralization is the system in which each individual has the power to make decisions in their own right. Power and decision-making is not controlled by a single individual or organisation or group, but every individual involved in this blockchain and system has the power of decision-making and thus each unit is considered important in a Decentralization system.
question 4 you did not explain in detail , and question 5 you did not attempt, so it was your best effort , keep continue research, thank you very much for join the class
Grade : 4.7