Meaning & Definition of word "Centralization"

Centralization

/ˌsɛntrəlaɪˈzeɪʃən/

1. The process of concentrating control or power in a central authority or organization.
- Example: The centralization of government functions can lead to more uniform policies across the nation.
2. The organization of activities or resources around a central point to improve efficiency.
- Example: The centralization of data management allowed the company to streamline its operations significantly.
3. The act of bringing various functions or decisions under a single authority.
- Example: The centralization of decision-making in the corporation was met with resistance from regional managers.
4. In economics, it refers to the concentration of economic power within a specific organization or sector.
- Example: Centralization in the banking sector has raised concerns about reduced competition.

From central + -ization, forming from central to indicate a process.

centralization of power:

The concentration of authority in a central leadership or government.

decentralization vs centralization:

A discussion about the balance between central control and local autonomy.

centralized decision-making:

Decisions made by a central authority rather than decentralized individual units.

decentralization:

The distribution of authority away from a central location or authority.

centralize:

To draw towards a center or concentrate.

autonomy:

The right or condition of self-government, often in contrast to centralization.

Meaning: Centralizing everything into one place.

Example Sentence: We're totally centralizing our ops, it's the way to go!

Meaning: Having all control in one spot.

Example Sentence: Don't worry, centralization is gonna make life easier for us!