Management Skills – How to Use Delegation to Your Advantage

October 24th, 2011 by admin No comments »

Delegation is an important skill that every manager should learn. Effective delegation is more than just assigning tasks to your staff. You must first evaluate and prioritize the work yourself. Once you have established the priorities, then you must determine which tasks can be properly assigned to someone else. You will need to ask yourself questions like: Do they have the training to handle the task? Are they able to work semi-independently? What resources will they need? What level of authority are you willing to give them? Once you have thought about the answers, then and only then can you delegate work to your people. Good delegation will begin with a meeting to assign the task and define the outcomes. The people who work for you will want to know what is expected of them, and what a successful outcome will look like. Once you have assigned the task, then you will want to schedule a follow-up meeting to either check on progress, or close out the task as a completed action. If you can master the art of effective delegation, then you will be a more effective manager. Here are a few ways that you can use delegation to your advantage:

Expand the amount of work that can be done & build capacity: Everyone has a limit to the amount of work that they can accomplish. After all, there are only so many working hours in a day; however, using effective delegation, managers can expand the total amount of work that can be done by assigning tasks to others on their team. Struggling managers often feel compelled to do much of the work themselves by invoking the old adage, “if you want the job done right, then do it yourself.” Effective managers know that others are also capable of doing good work too, and they build capacity to get more work done by effectively delegating some of their work to others. » Read more: Management Skills – How to Use Delegation to Your Advantage

Business Management, Review and Planning

October 23rd, 2011 by admin No comments »

As a consequence of the global economic downturn businesses have experienced reduced turnover, shrinking margins, decreased consumer confidence and in some instances, restricted access to finance. These challenges are placing pressure on business management to reassess how they position themselves in the market place and refine their operational activities to achieve a higher level of productivity.

While this type of business management review is daunting and relatively time consuming, it is extremely important to commence early and in a coordinated manner.

By adopting an approach that incorporates a review of the company’s strategic direction, corporate governance systems, resource bundle and operational performance a business will achieve an outcome that maximised future economic potential while mitigating risks. In addition, the business manager will be in a position to engage key stakeholders (i.e. accountant, financier, financial adviser and solicitor) to ensure their benefit to the business is maximised. » Read more: Business Management, Review and Planning