Apolicy of empowerment encourages management to make decisions quickly for their frontline employees

Management empowerment aims to prove that uncertain, unexpected and Unordinary events do not affect or hinder the business to succeed and reach the end goal.

Explanation:

Do all of these Risk management is when you identify, prioritise and assess risks followed by organized application of your resources in order to track, lessen and control events that are fortuitous or unfortunate in nature. 

This is used in economics in order to get the most for the realisation of goals and business prospects. 

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