Uploaded August 2019 | Updated September 2026, 26 minutes ago
As tempting as it may be to act as if all problems can be fixed as a one man operation... let's just say task and responsibility delegation is the (economically) rational thing to do.
As such, the economics behind delegating has been explained through this video.
While delegating tasks and/or responsibilities may seem second nature to you, I assure you it is not the case for everyone... not by a long shot.
Due to reasons such as our desire to save money, we end up deciding against task or responsibility delegation and think we can get away with handling everything ourselves.
What usually results is an epic waste of time or, as the example used in this video makes clear, you spending two working days working on something an expert could have easily finished in one hour.
Make no mistake, time is money and by delegating responsibility properly, you're ultimately doing the right thing from an economic perspective.
Don't get me wrong... if you like the idea of let's say fixing your laptop yourself, then by all means, feel free to decide against delegating that task... just don't delude yourself into thinking it's the economically optimal thing to do :)
As tempting as it may be to act as if all problems can be fixed as a one man operation... let's just say task and responsibility delegation is the (economically) rational thing to do.
As such, the economics behind delegating has been explained through this video.
While delegating tasks and/or responsibilities may seem second nature to you, I assure you it is not the case for everyone... not by a long shot.
Due to reasons such as our desire to save money, we end up deciding against task or responsibility delegation and think we can get away with handling everything ourselves.
What usually results is an epic waste of time or, as the example used in this video makes clear, you spending two working days working on something an expert could have easily finished in one hour.
Make no mistake, time is money and by delegating responsibility properly, you're ultimately doing the right thing from an economic perspective.
Don't get me wrong... if you like the idea of let's say fixing your laptop yourself, then by all means, feel free to decide against delegating that task... just don't delude yourself into thinking it's the economically optimal thing to do :)
