Buy custom Delegation: Bear Stearns & Co.
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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1256 |
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There can be pitfalls associated with accepting all delegated assignments in the form of the Peter Principle. The Peter Principle states that the subordinates who do a good job will be continually promoted until they have risen to a level of management at which there skills are no longer suitable for the new kinds of tasks required...
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Thus, all subordinates rise to their level of incompetence, where they are of no further use to the organization and need to be bypassed. Another factor for a subordinate to consider when taking on tasks is whether the task is more than they can handle. My rule of thumb in questionable situations these is to be pessimistic when estimating the time involved in each step of the project...
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General points of the essay
Delegation: Bear Stearns & Co.
The Bear Stearns Buyout: In Opposition to the Federal Reserve's Involvement
The Peter-Principle
Peter Principle
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