# Empowerment (also said in German, more rarely function shifting)

- Canonical URL: https://www.gerhardmerk.de/empowerment-also-said-in-german-more-rarely-function-shifting
- Post ID: 593610
- Modified: 2023-07-25T21:00:13+00:00
- Language: en

## Definition

In relation to banks, the shifting of decision-making authority to the lowest levels of the hierarchy, i.e., to employees on site, and if possible even in the front office. This strengthens both employee motivation and customer satisfaction due to rapid decision-making. - The trend toward more delegation of authority to lower-level decision-makers has also been favored by some electronic data processing paths specially set up for this purpose. - See accessibility, commitment, decentralization principle, remote access, multi-boutique approach, Octopus, subsidiarity principle. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1