No entrepreneur can achieve high-level success without learning how to delegate tasks and responsibilities to other people.
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| Image source: teamworkandleadership.com |
Some people say that in the business world, or any industry, for that matter, time is the great equalizer. An organization leader or manager can have all the skills and resources in the world, but their days are still limited to 24 hours each. Thus, they need all the helping hands they could get.
The late Apple founder Steve Jobs knew this limitation very well. A reason the technology company evolved into one of the best in the world is that Jobs developed a delegation system that ensured everyone was working and focusing on their responsibilities. After meetings, there would be no confusion as to who does what because every action item is assigned to a specific “Direct Responsible Individual” or DRI.
By delegating, efficiency can be highly improved. Leaders can leverage their time by asking skilled organization members to work on individual tasks that are needed to accomplish the collective goal.
Furthermore, delegation can empower team members and help them gain or improve their skills and abilities. If a business plans on expanding to greater heights, it needs to create new leaders who, as much as possible, possess or have developed the same qualities.
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Learning never stops for Patrick Dwyer of Merrill Lynch, that is why he encourages entrepreneurs to continually educate themselves, even after already having experienced success. Follow this blog for more discussions on becoming a better leader.
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