Archive for the 'Risk' Tag

“DELEGATION IN MANAGEMENT,” VOLUME XXIX

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Delegation is management’s only long-term hope for survival. The only great risk to management is in not effectively granting responsibility to others. What are the qualities of pride and doing a job well? We must have the confidence and ability to hold all of our staff accountable. Expect those around you to take on a challenge and they will rarely disappoint you.

“WE CAN MAKE THOSE!” VOLUME XXVII

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There is tremendous risk when management proceeds with more entrepreneurial spirit than understanding and knowledge on a new project … the unknown will kill you. Supportive and loyal staff members with only surface knowledge will compound the problem. You must assess the “major and minor” skills of your staff, and be willing to bruise some egos by hiring an expert or consultant.