Walter Snacks, an international fast food chain, is facing tough competition in foreign markets. Any decision such as introducing a new product or service, dropping an existing product line, or changing promotional strategies needs to be approved by the top managers in the company's headquarters. This takes a lot of time to implement decisions and as a result the company is unable to effectively respond to changes and problems on a regional scale. Which of the following causes can be attributed to the problems faced by Walter Snacks?

Product departmentalization

Undercapitalization

Overcentralization

Wide span of control

Employee empowerment