In the military, “delegation” is defined as the action by which a commander assigns part of his or her authority commensurate with the assigned task to a subordinate commander. While ultimate responsibility cannot be relinquished, delegation of authority carries with it the imposition of a measure of responsibility. The extent of the authority delegated must be clearly stated.
About The Author
DOUGLAS CASTLE: PROFESSIONAL PROFILE
914.462.2299 (Direct Telephone)
914.514.1673 (Facsimile)
douglascastle (Skype, By Appointment)
douglas.castle@yahoo.com (Email - Preferred)
douglas.castle@icloud.com (Email - Large Document Transfers, By Arrangement)
Douglas Castle is a senior level expert in all matters of high-level corporate negotiations, deal structure and finance, strategic planning, international business, major project management and all aspects of business communication. He speaks, consults and writes frequently about these subjects, as well as about key aspects of leadership, crisis management and the Human Condition. He has authored a great many articles on a very wide variety of subjects. Mr. Castle is currently a private consultant to young companies in several different countries.
Mr. Castle has been, and continues to be a seasoned and acclaimed advisor, director and trustee to emerging enterprises and growing companies worldwide, across a broad variety of industries on matters of organizational development, strategic planning, financing (both institutional equity and debt), international incorporations and negotiating of joint ventures, licenses of intellectual property, and mergers and acquisitions. Mr. Castle’s current passions are centered upon leveraging his wealth of experience in high-stakes corporate negotiations, deal structure, organizational engineering, strategic planning, business communications, social media marketing campaigns and financing to foster innovation and entrepreneurial growth and success in promising early-stage companies.
Mr. Castle’s professional resume has encompassed: international banking, asset-based financing, merchant banking (equity), factoring, purchase order financing, trade financing, leasing, sale/leaseback transactions, credit enhancement and surety bonding, transactional structuring (mergers, acquisitions, LBOs, ESOPs, management buy-outs, transnational and domestic co-ventures), real estate investment syndication, and the creation and monetization of unique investment instruments.
He has written and presented operating plans for international and offshore banks, finance companies, leasing companies, guarantee (bonding and other credit enhancements) companies to various financial institutions and government agencies and ministries; he has chartered a number of international commercial and economic development banks and reinsurance companies in multiple offshore and international jurisdictions -- these institutions had a combined aggregate capitalization at their operating outset of in excess of US$12,800,000,000.00.
During the past thirty five years, he has also incorporated close to one hundred IBCs (International Business Companies) and formed more than a dozen APTs (Asset Protection Trusts) in conjunction with domestic and international legal counsel across many business sectors. He has worked as a turnaround expert for troubled US and UK companies, and has renegotiated loan terms with banks, other creditors, bondholders and shareholders for these companies, both as pre-bankrupts, and as debtors-in-possession or trustees-in-possession.
Some of Mr. Castle’s prior engagements have included: Chairman of Global Edge International Consulting Associates, Inc.; Executive Director of Global Business Intel™, an unincorporated Division of Global Edge Technologies Group, LLC; Director and Senior Consultant of The Castle Consultancy; Managing Director and Member of Global Edge Technologies Group LLC; Acting Chairman and CEO of TNNWC Group, LLC; Senior Financial Analyst In Charge Of Special Projects for National Westminster Bank, plc; Adjunct Associate Professor in the Department of Banking, Finance and Investments at the Hofstra University School Of Business; Director of Capitol Guaranty Surety Company Inc.; Director of First Empire Capital Corporation and First Empire Autolease, Inc.; Intelligence Contractor for Kroll International Inc.; Interim CEO for AGP Group (publicly-traded, subsequently privately purchased); Member of the Board Of Directors, Triangle Group International, Inc. (publicly-traded, subsequently divided into several private concerns, each one a Management Buyout); and numerous others.
Mr. Castle received his B.S. in Economics from Stony Brook University (1976), with Omicron Delta Epsilon honors (as well as a New York State Regents Scholarship), and he received his MBA in Public Accounting from The Hofstra University Graduate School Of Business (with a graduate fellowship) in 1979.
Mr. Castle is a passionate and prolific speaker and writer about topics relating to Internationalism, futurism, leadership, negotiation, communication, and a variety of other non-financial topics.
You can obtain more information about Douglas Castle’s personal, educational and professional background by visiting his Linked In profile, which can be found by going to http://www.linkedin.com/in/douglascastle
Douglas Castle
914.462.2299 (Direct Telephone)
914.514.1673 (Facsimile)
douglascastle (Skype, By Appointment)
douglas.castle@yahoo.com (Email - Preferred)
douglas.castle@icloud.com (Email - Large Document Transfers, By Arrangement)
This document is Copyright © 2017 by Douglas Castle, with all rights reserved.
Sunday, November 26, 2017
Leadership: Delegate Or Die!
In the military, “delegation” is defined as the action by which a commander assigns part of his or her authority commensurate with the assigned task to a subordinate commander. While ultimate responsibility cannot be relinquished, delegation of authority carries with it the imposition of a measure of responsibility. The extent of the authority delegated must be clearly stated.
Monday, November 20, 2017
Managing The Virtual Enterprise
- Contact every employee or contractor at least once daily via telephone or Skype -- preferably via Skype due to its video feature, and simply inquire as to: A) what that individual is working on, B) does he or she require assistance or additional resources, C) whether or not he or she been in communication with any of the other team members, D) what his or her expectation is in terms of meeting his or her budget and performance deadlines, E) whether you might just have a look (either via email, screenshare or through collaboration tools) at what he or she has produced so far.
- Hold a weekly meeting of all employees and contractors in order to build the sensation of team, to allow for intelligence-sharing and brainstorming and to encourage open communications amongst all members of the group.
- Schedule meetings, as necessary, via telephone or Skype [Skype video is much better than mere telephone conversation because you have the additional dimension of body language to enhance the efficacy of interaction], with twosomes or other small groups of employees and contractors who may have dependent or overlapping responsibilities, or who may be at odds with each other for any number of reasons.
- If your team is international, or if time zones may be an issue (even between New York and California), give very careful consideration to the times at which you contact individuals and arrange group meetings. For group meetings you might want to shift the weekly scheduled time (after giving very ample notice to all of your employees and contractors) to accommodate different people in different geographies.
- Use as many visual aids as possible to be clear and effective over time and distance.
- Be rapidly responsive when employees and contractors contact you; this might mean working an extended schedule to get the job done right.
- Don’t ever forget to offer praise and encouragement (and don’t be robotic - your team members will be more responsive to a Human than to a cheap science-fiction cyborg or automaton) -- these are part of sound management.
- As the manager of your virtual team, you are expected to A) know how to use each of the best collaboration tools, and B) to be ready, willing and able to remotely train your employees and contractors in the use of each of them. Waxing philosophical for a brief moment, in this life you must be a great student and a great teacher in order to truly be successful.
Monday, November 13, 2017
4IR: The Fourth Industrial Revolution Is Here.
Tuesday, November 7, 2017
Expectation Management: Crucial To Your Survival!
Friday, November 3, 2017
Remote Working: Here To Stay!
- The rise and growth of the Gig Economy. Many displaced employees and solopreneurs have become members of the ever-expanding Gig Economy, where an individual sells a specialized service (usually at a relatively low price per unit of service) via internet to clients (usually other individuals, entrepreneurs or small businesses). Platforms such as UpWork and Fiverr provide a medium for matching up providers and demanders of ‘job work’ of all different types.
- The increase in the retention of independent contractors by employers, in lieu of traditional full-time hiring. Employers are trying to limit their exposure and expense associated with taxes and providing insurance benefits for regular employees. This has led to an increase in the hiring of independent contractors and more courageous forays into the Gig Economy for employers. It has also increased outsourcing and offshoring activity.
- The Globalization of business - the prevalence of international business relationships even amongst small to medium-sized businesses. An increasing percentage of business communications are taking place via Skype, WhatsApp, Viber, FaceTime and other remote media. And business is being conducted at all hours of the night and morning for many firms and individuals.
- Time efficiencies. Commutation to a physical location may cost several otherwise productive hours out of the day. Telecommuting (i.e., remote working) eliminates that wasted time and makes it available for productive use, or for valuable time with families in an overworked culture.
- Technological innovations. Holographic projections, anyone? As technology improves and provides ever-better means of communicating over distances, remote work will become more efficient and a great deal more effective.