Delegation
What is Delegation and How important it is in corporate environment? Are there any rules to be followed for delegation? If the delegation is not effective, does it make any difference? Delegation is one of the most important management skills. According to Wikipedia, “Delegation is the assignment of authority and responsibility to another person (normally from a manager to a subordinate) to carry out specific activities. However the person who delegated the work remains accountable for the outcome of the delegated work”. Delegation empowers a subordinate to make decisions i.e. it is a shift of decision-making authority from one organizational level to lower one. Delegation is good, can save money and time, help in building skills and motivate people. As I mentioned earlier, delegation is one of the most important skills and one of the top ten qualities of a good leader/manager. Delegation is a two process. Good delegation saves time, develops people, grooms a successor and m