In March 2011 a tsunami, the result of one of the largest earthquakes recorded, crashed into Japan’s northern coastline and knocked out three nuclear reactors. Temperatures soared to 2,800c as the reactors overheated and the power needed to be restored, in order to reinstate the water pumps essential to the cooling process.
Some 12,000 people became displaced and an area of over 250 sq miles became an irradiated zone.
A consequence of the disaster was the resignation of the Japanese Prime Minister Mr Naoto Kan.
Mr Kan’s micro management of the disaster has been cited as a contributory factor to the outcome and after five days of mismanagement he handed responsibility to experts at the Japanese Atomic Power Co. Something he should have done on day one.
The opposite is true of Andrew Carnegie. He built an empire valued at $300bn, most of which was given to charity or his own institution; the Carnegie Endowment for International Peace.
Carnegie ran his empire through an effective management team and spent only one hour a day reviewing reports leaving time for people development, planning and strategy.
Perhaps more importantly the art of delegation will empower your team and develop their own skills and experience, resulting in job satisfaction, challenge, learning and staff retention.
Many people leave their job as they ‘want a new challenge’. By not delegating responsibility you will almost certainly have difficulty in retaining talented people in your business.