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!



Leadership: Delegate Or Die
One Of the Most Important Responsibilities Of A Leader Is To Delegate Responsibility
By: Douglas Castle

To be a leader and to maintain a position of leadership, you must be a competent and efficient delegator. By the act of delegating, you are not reliquishing control – you are actually expanding the realm and scope of your control. The larger the responsibilities and the larger the organization, the more proficient you must be at delegation.

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.
Your success at delegation will determine the strength and length of your reign as a leader and commander. The most significant insights and skills which are required in successful delegation are listed below. They are worth studying:

=> If you are obsessive-compulsive by your nature, do all that you can to rationally counterbalance this dangerous impediment to effective delegation. You cannot micromanage and be a leader. You cannot be the servant of your subordinates because you are insistent about things being done exactly as you would have them done;

=> You must constantly keep the big picture and the broader focus in mind. If you are a perfectionist and overly detail-oriented, you will never be able to attain your organizational objectives while mired in minutiae [this is a sophisticated alliteration -- wouldn't you agree?];

=> Understand all of your responsibilities, and itemize or componentize each of them. You'll find that each individual component can be delegated (as it must) to someone in your organization whom you can select. If the right individual is not among your inventory of Human Assets, then you must either replace some of your people, or your must acquire some new members with the requisite skill sets. The objective is to export as many of your responsibilities as possible, while retaining the central responsibility of organizational stewardship, oversight and goal attainment;

=> When you delegate responsibility for the accomplishment of a task or function, also remember to grant the requisite authority and to impose the necessary accountability upon the person to whom you've charged with the job. Responsibility without authority is a recipe for managerial impotence and non-performance. Responsibility without accountability is a recipe for waste, abuse and failure;

=> Since you, as a leader, are ultimately responsible for the successful and efficient attainment of your organization's most important goals, you must constantly monitor the performance of those to whom you've delegated, without being drawn in to correcting their mistakes yourself. Observe, measure, suggest, monitor and determine whether the subject task has been assigned to the right individual; sometimes a change may be warranted.

=> Where you observe leadership potential in some of those persons to whom you've delegated tasks, you may find it wise to increase their roster or responsibilities, but to also grant them greater authority to sub-delegate to others who are subordinate to them. Remember that the greatest leaders know how to identify and cultivate leadership within their organizations. Be aggressive and bold about identifying and leveraging the leadership talents of other leaders wihin your organization. Encourage leadership and acceptance of increased responsibility. Reward it and give it appropriate recognition. Empowering other leaders liberates you to be a greater leader yourself.

=> As you develop leaders and assign them to their respective specialty areas (not unlike fiefdoms within a kingdom), clearly identify where each one's territory begins and ends. Clearly define their responsibilities with minimal overlap. Keep your subordinate leaders separated from each other (unless you are present and orchestrating or conducting a meeting or hearing reports) – fiefdoms should not compete, but neither should their feudal lords unite, lest they undermine the king's leadership. In brief, don't permit your subordinates to take you over. Delegate, but do so without ever permitting your absolute command from being undermined. Keep your emerging leaders separated from each other, and even instill a competitive spirit amongst them to 'fight' for your approval. 

The Take-Away: To expand the scope of your control, power and productivity, you must learn to delegate. Also, another important skill (but not the subject of this article) is the recruitment and mentoring of talent for the accelerated expansion of your corporate or military kingdom. 

As always, thank you for reading me.

- Douglas Castle

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