Start-up founders often find themselves weighed down by millions of decisions they have to make every day, leaving them burned out by the end of the week. Yet, research from McKinsey showed that most of these decisions are frequent, routine ones that are suitable for delegation. The ability to delegate has always been identified as one of the key skills in leadership for growth, yet not many find it easy to implement. Please read on to learn which decisions to delegate and how to delegate them.
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Start-up founders often find themselves weighed down by millions of decisions they have to make every day, leaving them burned out by the end of the week. Yet, research from McKinsey showed that most of these decisions are frequent, routine ones that are suitable for delegation. The ability to delegate has always been identified as one of the key skills in leadership for growth, yet not many find it easy to implement. Please read on to learn which decisions to delegate and how to delegate them.
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To identify which decisions are suitable for delegation, make a list of frequently occurring decisions and ask yourself 3 questions when considering each one:
ย If you can say a resounding โyesโ to all those questions, delegate it. Save your capacities for decisions with only one shot to get right and only you have the ability to make.
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Overlapping responsibilities can often make people confused about who is making the decisions, leading to inefficiency and slower responses. Leaders need to be explicit with their employees about whether the decision is fully delegated or that they only need input and still want to have the final say.
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Leaders also need to set out clear regulations and protocols as to when a decision needs to be moved up the ladder, or in other words, reviewed and made by senior management. This helps avoid potential risks, yet still keeps things moving quickly.ย
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People often avoid making decisions for fear of taking personal risks, thus giving in to escalating decisions. Therefore, leaders need to play a vital role in encouraging personal ownership even when a bad decision can be made. In fact, we need to accept the fact that bad decisions can be made now and then, but donโt be tempted to yank back your control and risk losing big deals due to slow responses. Rather, delegate decisions and reinforce the system with greater leadership accountability and transparency.ย ย
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