“I delegate authority & allow others the freedom to determine how to reach co-created desired results. “
One of the critical success factors in building a great companies and businesses is the ability of leaders (both in hierarchy and without the titles, formal and informal) to effectively delegate. In my opinion great companies are built on strengths, differentiations, marketing and creativity of all their contributors. And even more importantly people build them and make them great. They chose so because the environment supports and value difference in opinions, value creation and supports creativity.
Some important principles of delegation
First, delegation starts with hiring right people to do right things. If you get it all wrong about the hiring process, your life will be miserable.
I like telling people the truth no matter how strong statement it will be. Harsh to comprehend for some. I hope you will avoid these critical issues in order to grow your business.
Second, it is a Two Way interaction process. Time must be spent on development in order to obtain results. Human dimension and factor, determines success. You certainly heard that, People will make it or break it. So, if all of this is important to your business it will be beneficial to you to really take your time, plan your HR development, develop the winning strategy to attract, train and retain quality people and truly be there, available to them, playing the crucial role in their professional development.
Third, delegation is not simply the out-tasking. Effective delegation is more than anything, shared responsibility and joint ownership, that both produce higher commitment, involvement, and results.
Fourth, it is extension & multiplier of you as an entrepreneur, not your unsuccesfull clone and/or replica. What I mean by this is realisation that if you don’t delegate, out-source and by doing so reduce your involvement, your business will never grow to reach its full potential. It will be only capable and positioned to the extent how skilled you are as the owner and how strong are your funding resources. People, team-workers, employees etc will add their uniqueness to the mix and if structured, things will work for your business.
Another critical distinction
Reduced involvement does not mean no involvement at all.
So having the right people and then delegating to them…simple recipe for solve numerous issues and the only way to have a better businesses and more from life.
Interesting video that will explain the full process in more details