As a business owner or manager, you’re used to wearing many hats and taking care of things yourself. But at some point, multitasking offers diminishing rewards, and it’s time to delegate to others. If you find this difficult, chances are the problem doesn’t lie with employees — it lies with you. Gallup research found that only 1 in 4 entrepreneurs is a great delegator. The study, which polled 143 CEOs on the Inc. 500 list, also underscored why these leaders should work to improve in this area. Of the CEOs included in the survey, those with strong delegator talent had an average three-year growth rate of 1,751% — 112 percentage points higher than the CEOs with limited or low delegator talent.
Gallup went on to identify six key differences between leaders who delegate well and those who don’t:
PNC can help. Our retirement and personal banking products help you to take care of your employees even better, and that's the best way to take care of your business.
“Delegating: A Huge Management Challenge for Entrepreneurs,” Gallup, April 2015. Retrieved from http://www.gallup.com/businessjournal/182414/delegating-huge-management-challenge-entrepreneurs.aspx.
The article(s) you are reading were prepared for general information purposes by Manifest, LLC. These articles are for general information purposes only and are not intended to provide legal, tax, accounting or financial advice. PNC urges its customers to do independent research and to consult with financial and legal professionals before making any financial decisions. These articles may provide reference to Internet sites as a convenience to our readers. While PNC endeavors to provide resources that are reputable and safe, we cannot be held responsible for the information, products, or services obtained on such sites and will not be liable for any damages arising from your access to such sites. The content, accuracy, opinions expressed, and links provided by these resources are not investigated, verified, monitored or endorsed by PNC.
BBVA is a registered trademark of BBVA, S.A. and is used under license.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.