Friday, February 12, 2010

HBR, Trying to Grow? Give Up Control

Leaders who micromanage do a disservice to their companies, their employees, and themselves; worse yet, they are often preventing their companies from growing. If you are struggling to grow your company or unit, one of the smartest things you can do is give up control. Here's how:
Push decision making down. If you're making all the decisions, you're only holding your company back. Push decision making down to the lowest level possible.
Accept that mistakes will happen. Sharing responsibility with others means things don't always go according to plan. Prepare your employees to avoid mistakes by being clear about your expectations and giving them the tools they need to do their jobs well.
Build your bench. Making yourself comfortable with giving up control requires having people you believe in. Invest both your time and resources to develop your star employees.
Today's Management Tip was adapted from "Are You the Bottleneck in Your Organization?" by Brett Martin and Thanos Papadimitriou.

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