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FIN5-431901771.pdf

Avatar for ahmad ahmad
May 18, 2022
12

 FIN5-431901771.pdf

Avatar for ahmad

ahmad

May 18, 2022

Transcript

  1. 5/18/2022 3 Problems Resulting from Poor Delegation • HIGH LEVEL

    OF STRESS • BOGGED DOWN WITH ROUTINE TASKS • LACK OF TRUST - LACK MOTIVATION AND MORALE • IMPORTANT TASKS DON’T GET DONE • WITHDRAWAL OF SUPPORT FROM THE EMPLOYEES NEXT HOME BACK 18/05/2022 431901771 2
  2. 5/18/2022 4 Power versus Empowerment Empowerment is different from merely

    giving power to someone Power Empowerment External source Internal source Ultimately, few people have it Ultimately, everyone can have it The capacity to have others do what you want The capacity to have others do what they want To get more implies taking it away from someone else To get more does not affect how much others have Leads to competition Leads to cooperation NEXT HOME BACK 18/05/2022 431901771 3
  3. 5/18/2022 5 Delegation versus Empowerment Although delegation and empowerment are

    sometimes used interchangeably, there are several areas of difference between them. Delegation is a straightforward means of assigning tasks to your employees. Empowerment seeks to give an employee more authority with the aim of developing employee commitment, enthusiasm and expertise, while encouraging innovation that will benefit the organization over time. Empowerment necessarily requires some level of delegation, but not all instances of delegation will produce an empowered employee. Delegation Empowerment Normally refers to the assignment of a task. It is work-focused May involve non-work activities, emotions, and relationships. It involves the way people think about themselves NEXT HOME BACK 18/05/2022 431901771 4
  4. 5/18/2022 6 Advantages of Delegation Advantage Explanation Time Increase discretionary

    time for manager Development Develops knowledge and capabilities of delegates Trust Demonstrates trust and confidence in delegates Commitment Enhances commitment of delegates Information Improves decision making with better information Efficiency Enhances efficiency and timeliness of decisions Coordination Fosters work integration by manager coordination NEXT HOME BACK 18/05/2022 431901771 5
  5. 5/18/2022 7 PLEASE REVIEW THE TOPICS • TOP CAUSES OF

    MANAGER FAILURE • Problems Resulting from Poor Delegation • POWER VERSUS EMPOWERMENT • DELEGATION VERSUS EMPOWERMENT • ADVANTAGES OF DELEGATION BACK HOME 18/05/2022 431901771 6