In this Episode about Discovering the Power of Delegation for CEOs
- Emphasis on the Power of Delegation: The podcast discusses the importance of delegation for CEOs, introducing practical tools like the “not do list” and the “70% rule” to help prioritize tasks and delegate effectively, ensuring CEOs can focus on high-impact activities and manage their time efficiently.
- Building Organizational Capacity: Jim Schleckser highlights how delegation is crucial not just for reducing a CEO’s workload but also for empowering team members and building the overall capacity of the organization, which is key to sustaining business growth.
- Strategic Empowerment and Results Management: The discussion underscores the importance of focusing on outcomes rather than micromanaging processes. It offers a structured approach to delegation through various levels, from gathering information to full project autonomy, allowing CEOs to adapt their delegation style to maximize team performance and project success.
Here is a Glimpse of – Discover the Power of Delegation
In this episode of “The Lazy CEO Podcast,” host Jim Schleckser delves into the critical topic of delegation within the context of executive leadership. He emphasizes the importance of mastering the basics to excel in any field, comparing it to essential skills in sports like soccer. Jim’s main focus is on how CEOs can effectively delegate tasks to manage their time efficiently and avoid overworking, aligning with the podcast’s theme of promoting a ‘lazy,’ yet highly effective CEO lifestyle.
Jim introduces the concept of the “not do list,” a strategic tool that helps prioritize tasks based on their economic impact on the business. He explains how this list is used to identify tasks that should not consume a CEO’s time, advocating for the delegation of these lower-priority items. He outlines a method to handle such tasks by deferring them, deleting them from the list, or delegating them to others. This approach not only frees up the CEO’s time but also empowers other team members.
He further discusses the “70% rule” for delegation, suggesting that if someone can do a task at least 70% as well as the CEO, it should be delegated. This rule aims to overcome the common hesitation among leaders to delegate due to high personal standards and self-reliance. By setting this threshold, CEOs can feel more comfortable passing responsibilities to others without feeling the need for tasks to be performed perfectly.
Resources mentioned in this episode:
- Jim Schleckser on LinkedIn
- The CEO Project
- Great Ceos Are Lazy: How Exceptional Ceos Do More in Less Time by Jim Schleckser
Sponsor for this episode…
This episode is brought to you by The CEO Project. The CEO Project is a business advisory group that brings high-caliber, accomplished CEOs together. Our team of skilled advisors comprises current and former CEOs who have run both public and private sector companies across multiple industries. With our experience and expertise, we guide hundreds of high-performing CEOs through a disciplined approach that resolves constraints and improves critical decisions. The CEO Project has helped high-performing, large enterprise CEOs with annual revenues ranging from $20M to over $2 billion to drive growth and achieve optimal outcomes. If you are an experienced CEO looking to grow your company, visit www.theCEOProject.com.