Knowing a lot of CEOs and knowing my self , I have observed that over 80% of them fall into a common trap that I call the “Crazy 8”. They try to delegate, but quickly get frustrated and take back responsibility. They become overwhelmed as they try to do too much themselves, get stuck in the day-to-day issues, and end up becoming the bottleneck in their company. Then they go round this Crazy 8 again and again…
Why? Rather than getting rid of difficult people or addressing strained working relationships with members of their management team, CEOs end up carrying people and struggling to let go. When running a big group of people, devolving power is essential. Yet resisting the temptation to micro-manage is one of the hardest leadership skills to learn. “Trust the team and let go,” Will be m'y advice. To be able to give Your trust by heart and reason is one of the keys of succes.
Top CEOs are able to spend no more than 30% in the day-to-day, as they have managed to build a results system which does not rely on them to be a limiting hub. To be able to achieve the same as a leader in your own career, you need to be able to gather exceptional people around you, as well as be ruthless towards those whose performance is consistently not up to scratch, or whose behaviors limit the team.
And the antidote to micro-management? Leaders who have the skill to create a shared mindset and shared ambition, who can clarify what great looks like, pass on clear responsibility and then can truly let go and trust.
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