Centralized Approach is a business strategy in which the decision-making authority is concentrated at one point. It reduces the decision-making to a few individuals and allows them to efficiently manage the organization. This approach works best when an organization has a clear vision and direction, as well as a need for centralized control of resources. Additionally, it promotes consistency throughout the organization by establishing one standard set of rules and procedures. With this approach, decisions are made quickly and with confidence, allowing for greater efficiency and cost savings.