Delegation of authority is the process by which superiors entrust subordinates with some of their own work and decision-making authority. It involves assigning tasks, granting authority, and holding subordinates accountable. Delegation has several benefits, including reducing the workload of superiors so they can focus on higher-level functions, establishing superior-subordinate relationships, and allowing for quicker decision-making at lower levels of the organization. Proper delegation also motivates employees, develops their skills to prepare them for future management roles, and promotes healthy relationships and growth within the organization.