This may also help explain some of the problems involved with centralizing decision making e.g. making all medical innovations go through the expensive FDA process. Saving 100 babies lives per year is illegal for this reason because no-one can afford the approvals.
If you have decentralized decision making, only one person/​firm of millions has to overcome a potential barrier. Centralized decision making means that a particular decision making body has to overcome it.
Interesting post.
This may also help explain some of the problems involved with centralizing decision making e.g. making all medical innovations go through the expensive FDA process. Saving 100 babies lives per year is illegal for this reason because no-one can afford the approvals.
If you have decentralized decision making, only one person/​firm of millions has to overcome a potential barrier. Centralized decision making means that a particular decision making body has to overcome it.