A Smarter Way to Delegate: What to Own vs. What to Hand Off

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1:10So how do you help leaders figure out what they should be giving up and what they shouldn't? So it's a very good question. And it does depend on the nature of the work that a particular leader is doing in their particular organization. But we do come back to that test. am I the best cheapest person to do this work? And if I'm not, how do I get it to the best cheapest person with enough context so that that person is set up to do that work just as brilliantly as I would do it? So for example, that might well be not just a list of activities to do. Basically, here's my existing task list. Please do it for me.

1:48It might be, I'm actually going to give you part of writing this year's strategy. The demarcation between strategic and tactical is actually a little bit more nuanced. It's not that leaders should keep all the strategy stuff for themselves and just delegate the shorter term tactical stuff. It is actually that they should delegate anything where they don't pass the better, cheaper test.