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Centralised decision-making is important in making sure that the rating given on one company or country's bonds is not out of line with the rating on another's.
In the Ghanaian context, introducing the LDP into a context of highly centralised decision-making and resource uncertainty triggered its underlying goal of organisational control.
In many cases, centralised decision-making does not benefit organisations that want to protect these jobs, the environment and safety.
It said businesses also suffered from centralised decision-making over lending that ignored local needs.
Likewise, the slow pace of oil exploration has allowed technical expertise to be built, though there are risks that centralised decision-making will marginalise it.
Despite having a single set of institutions, a centralised decision-making process, and an essentially homogeneous ruling class, the Japanese government is unable to act in response to the manifest challenges which confront it.
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So you may find yourself trying to centralise decision-making.
He added: "Standardising and centralising decision-making has been counterproductive for banks and the wider economy.
They tend to centralise decision-making in China, while failing to give directions to local managers, leaving the company in limbo.
He added: "I don't detect any real appetite in Orkney for breaking up the UK, but there is certainly a feeling that centralising decision-making in Edinburgh or London is too often failing those living and working in our islands.
At Skoda Pilsen (unrelated to Skoda Volkswagen), the Czech Republic's biggest engineering firm, engineers have on several occasions lost the chance to take the lead in big overseas contracts because all decisions have to be referred back to the company's boss, Lubomir Soudek.Bad habitsOver-centralised decision-making is often coupled with indulgent, time-wasting habits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com