Centralized v/s decentralized decision-making and features

What are illustrates from merits and demerits of centralized verses decentralized decision-making in organization structure?

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1. The two incenses are to centralize decision-making at the peak (the CEO and a few closes up lieutenants) or to decentralize decision-making by giving employees and managers considerable decision-making freedom in their regions of responsibility.

2. Merits and Demerits of Centralized verses Decentralized Decision-Making, illustrates the two approaches to decision-making are based on piercingly different underlying standards and beliefs, with each having cons and pros.

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