BUSI­NESS:

Buzz words: ‘The more they are used with­out con­sid­er­a­tion for the mean­ing, the more their mean­ing and po­tency is di­luted’

Life & Style Weekend - - WELCOME // INSIDE TODAY - BUSI­NESS AND MIND­SET with Car­ren Smith If you have a ques­tion you’d like an­swered, email Car­ren on info@car­ren­smith.com.

In most cases this is why busi­ness growth and ex­pan­sion is limited only by the growth and per­sonal ex­pan­sion of to those who are ei­ther the own­ers or the lead­ers.

WELL, if ever there were a well-worn word, ‘em­pow­er­ment’ would have to be right up there with words like pro­duc­tiv­ity, suc­cess, and par­a­digm.

The tragedy about th­ese types of words is, the more they are used with­out con­sid­er­a­tion for the mean­ing, the more their mean­ing and po­tency is di­luted.

So, let’s take a re­ally close look at what em­pow­er­ment ac­tu­ally means in the con­text of busi­ness.

Re­search shows that when prop­erly im­ple­mented, empowered teams and in­di­vid­u­als have a sig­nif­i­cant im­pact on the bot­tom line as well as low­er­ing at­tri­tion rates over time.

Re­mem­ber, the peo­ple you hire, you hire for a rea­son, you thought they could do it. Now may be the per­fect time to trust them!

At the core of the con­cept of em­pow­er­ment is the idea of power, which in busi­ness is some­thing that has tra­di­tion­ally been abused by those in higher paid po­si­tions with more as­sumed au­thor­ity.

How­ever, gone are the days where dic­ta­to­rial styles of lead­er­ship have any ef­fi­cacy in both cor­po­rate or­gan­i­sa­tions as well as smaller more en­tre­pre­neur­ial busi­nesses.

True em­pow­er­ment is when the ‘power’ is trans­ferred to the in­di­vid­ual and they are given the skills, knowl­edge, ac­cess, re­spon­si­bil­ity and ac­com­pa­ny­ing au­thor­ity to make cre­ative de­ci­sions they deem to be in the best in­ter­est of the busi­ness.

Now to a lot of em­ploy­ers and busi­ness peo­ple there is an el­e­ment of risk in­volved in trust­ing power of this na­ture to some­one who has no fi­nan­cial or emo­tional at­tach­ment to the out­come.

In most cases this is why busi­ness growth and ex­pan­sion is limited only by the growth and per­sonal ex­pan­sion of to those who are ei­ther the own­ers or the lead­ers.

But let me ask you this. Do you know ev­ery­thing there is to know? Are you the most cre­ative mind in your busi­ness? What would it take for you to ex­plore al­ter­na­tives you haven’t con­sid­ered?

Sure there is cer­tainly risk as­so­ci­ated with em­pow­er­ment but I sug­gest there is a greater cost as­so­ci­ated with ego.

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