Power, duties and responsibilities can effectively be passed on to subordinate staff to facilitate a smooth running of your business and hence result in profitability. The following guidelines will help you have a competitive edge and put your business on the tract of profitability.
1. You must grant proper amount of authority to the person who is given the responsibility. The authority should always achieve the desired outcome. Granting excess authority may encourage misuse of power.
2. Define the results expected to be achieved. This means that the managers should set and define in advance the expected results.
3. You must as well consider the capabilities of the subordinates. This means that before delegating authority, managers should consider the experience, background and intelligence of the person the authority is being delegated to.
4. Clearly state the delegated authority. Subordinate should know how the amount of authority and responsibility granted to them.
5. Where necessary, you need to allow for the modification of the delegated authority and responsibility. You must consider changes in your environment and react to them in the best way. You must therefore retain the powers to revoke, increase or decrease delegated authority.
6. You must develop the willingness to delegate. This means that subordinates should be allowed to work without necessarily receiving direct instructions from the manager.
7. Develop a supportive working environment. This includes a positive attitude and encouraging subordinates to participate in the decision making process.
8. Allow free communication. This helps you learn the problems facing your business and adopt proper mechanisms.
9. Establish control mechanisms. You should control the responsibility and authority delegated.
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