Many in authority want control, to make all the decisions, or at least have final say.
It might feel safe, but it’s outrageously expensive.
Imagine a piece of work that would bring in $1,000 in new revenue per day. The cost of delay — what the company is missing out on for every day it doesn’t complete that piece of work — is $1,000 per day.
Waiting for you to make a decision is part of that delay.
So is briefing you with the information you need to make that decision.
So is all the prep work in anticipation of that briefing.
So is the meeting to prepare for the prep work.
So is spiraling while trying to figure out who to get approval from to try a great idea.
Etc.
A week goes by, and you’ve missed out on $7,000 in revenue.
And then another week goes by. And another.
All that delay adds up, and it’s worse than you think, because many decisions result in the need for another decision… incurring a new delay.
3 months go by. $90,300 in lost revenue.
And how many different decisions like this one need to be made?
Leaders don’t delegate just to save their own time.
They delegate because it’s outrageously expensive to not delegate.
Ben and David
StrategyTeaming.com
P.S. Delegation does not have to be terrifying.