Delegation of Authority — How and Why Experienced Leaders Delegate Everything

Delegation of authority is one of the most critical components in the success of projects and business growth. The world’s most successful entrepreneurs and business leaders learn early in their careers that delegating authority on tasks and projects puts you on track for faster results and profitability.

In this article I’ll take a look at why delegation is good for business, some of the biggest barriers to effective delegation of authority by managers and for employees, along with some tips on how to delegate authority more effectively.

Five Big Reasons Why Delegation of Authority Is Good Business

Let’s start with the most important reason to delegate authority — it’s good for business! For example, research by professor Thomas Hubbard at Northwestern University showed law firm partners who delegated work to associates earned 20% higher median salaries. In addition, top lawyers with even more skills to leverage made 50% more income.

In my experience working with many entrepreneurs, business owners and product teams, there are five big reasons why the delegation of authority is good for business:

1. Income growth — numerous research studies show that effective delegation means higher profitability, higher income for professionals and bigger earnings for employees.
2. Shared vision — delegating and sharing tasks creates…