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Essay from the year 2007 in the subject Business economics - Business Management, Corporate Governance, grade: A, , language: English, abstract: Delegation is a skill of which we have all heard-but which few understand. It can be used either as an excuse for dumping failure onto the shoulders of subordinates, or as a dynamic tool for motivating and training your team to realize their full potential. It underpins a style of management which allows your staff to use and develop their skills and knowledge to the full potential .Without delegation, you lose their full value. Delegation is primarily about entrusting your authority to others. This means that they can act and initiate independently, and that they assume responsibility with you for certain tasks. If something goes wrong, you remain responsible since you are the manager, the trick is to delegate in such a way that things get done but do not go (badly) wrong.