Meaning & Definition
noun
The process of concentrating control or power in a central authority or organization.
The centralization of government functions can lead to more uniform policies across the nation.
The organization of activities or resources around a central point to improve efficiency.
The centralization of data management allowed the company to streamline its operations significantly.
The act of bringing various functions or decisions under a single authority.
The centralization of decision-making in the corporation was met with resistance from regional managers.
In economics, it refers to the concentration of economic power within a specific organization or sector.
Centralization in the banking sector has raised concerns about reduced competition.
Etymology
From central + -ization, forming from central to indicate a process.
Common Phrases and Expressions
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.
Slang Meanings
Centralizing everything into one place.
We're totally centralizing our ops, it's the way to go!
Having all control in one spot.
Don't worry, centralization is gonna make life easier for us!