1、The balance between centralized and decentralized decision making is sometimes delicate.
2、Since the seventies of last century, levels of decentralized decision-making system optimization been studied.
3、TQM's emphasis on Shared interests is reflected in the decentralized decision-making, integrated production activity, and lateral structure of organizations that achieve the benefits of TQM.
4、In the market environment, the decentralized decision making approach should be recommended so as to use the "invisible hand" of markets to achieve market equilibrium and efficiency.
5、Remote displays are network-based rugged displays used to provide collaborative viewing at different locations of the platform, facilitating decentralized decision making.
6、The institutions therefore must not only provide low-cost measurement of property rights and bankruptcy laws, but also provides incentives to encourage decentralized decision making and effective competitive markets.
7、Thus the price system is a mechanism that coordinates individual decentralized decisions which in turn control the allocation of resources in a market economy.
