Discretion implies the possibility of making responsible choices, judgments, or decisions within the existing job description. In other words, individuals can act independently and show some incentive to attain current goals.
The major advantage of the practice for the private sector is the emergence of numerous opportunities for creativity and unconventional thinking. Employees acquire the chance to make informed decisions using available information and help the company to evolve. At the same time, some disadvantages should be mentioned.
Discretion might be associated with significant financial losses for companies working in the private sector. The high level of specialists’ independence might also be risky as it might precondition the inability to follow the current course and the failure of the whole company as a result. For this reason, it is vital to find the balance.