Business Chops Tip #101: Can You Delegate with Confidence?
A New Yorker cartoon depicted a CEO behind his desk captioned, "I like things done in my own special way by somebody other than me." This wry humor belies a familiar truth. Many good managers hire next-in-line executives to think, act, and manage exactly as they would.
Exceptional managers, however, have the confidence to hire talent that exceeds their own and to delegate with expectations of higher performance than even they themselves could achieve. Giving managers decision making authority is successful when the company culture fosters growth with leeway for some managed risk taking. How confident are you in your management team?
Author's Note: Creative and technical professionals (from musicians and actors to designers and engineers) rely on their "chops": those skills and techniques that they use to be successful on the job. Stiernberg Consulting coined the term Business Chops to encompass those skills, experience, and tactics that you rely on to be more successful. Whether you are a dealer, manufacturer, distributor, rep, or design firm, this series includes tips and techniques for optimizing sales, profits, and growth of your Custom Retail business.