When top executives work with managers in major divisions or departments to develop their own goals and plans, it is known as decentralized planning.
Decentralized planning is a type of economic system in which decision-making is distributed among different agents or localized within a producer. A practical example of this method can be found in Kerala, India, where the People's Plan campaign was tested in 1996.
For example, if a restaurant decides to open another location in another state, decentralization can give the new location the freedom to operate independently. As a result, they can adjust their approach to better meet the needs of new markets.
Learn more about decentralized planning here:https://brainly.com/question/24303612
#SPJ4
