Formalization refers to the degree to which a firm's decision-making authority is retained only at high levels of the firm's hierarchy.

Name: Formalization refers to the degree to which a firm's decision-making authority is retained only at high levels of the firm's hierarchy.
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Formalization refers to the extent to which rules, procedures, and communications are written and explicitly articulated, not the centralization of decision-making authority.

Formalization Refers to the Degree to Which a Firm's Decision-Making