Delegation

In Marwaris, a classic accounting system is called "Parta". It's a cost accounting

system that generates a daily report of a biz. Think of it as a daily P&L. The
genius of the Parta is how the MMNC (Marwari Multi National Cos) used it to manage
global enterprises before globalisation. The trick? A P&L was rigorously tested at
home (say a Spinning Mill) & then the same used to run Spinning Mills across the
world. The folks running these companies abroad had to report the parta. It was
delegation via an accounting method.
My challenge with delegation is not the principle - it's execution. When there are
no pre-defined results, delegation fails. Say if you run a Mafia outfit, you
delegates your henchman to 'collect 10k US$ from the Night Club owner." Simple. But
if you run an advertising company & tell your accountant to 'make the Business P&L
profitable, he may NOT have the insights to look at new Biz lines that are
profitable vs. shutting those that bleed. You will have delegated the role of a CFO
to an Accountant!
Delegation needs the delegator to define results BEFORE delegating vs. 'reviewing
things as they happen'. That's a disaster.
In most cases, I believe delegation fails because the delegator is unprepared.