While there’s no silver bullet in increasing your organizations profitability, creating this one thing has been proven to increase profitability by 21%.

While there’s no silver bullet in increasing your organizations profitability, creating this one thing has been proven to increase profitability by 21%.
 
Empowering your employees.

I know for me - I thrived under leaders who empowered me. Who gave me autonomy to be creative in achieving the goal.
 
If this is known, why don’t more organizations/leaders spearhead empowerment within’ their organizations?
 
In this article Sharpist mentions fear of investing the time and money they’ll need to invest in training and development. Fear of creating a power dynamic.
 
And in my experience, fear of failure.
 
I’ve found that executives get attached to “how” the goal gets achieved based on their experience and expertise.
 
They fail to recognize that by empowering their employees, there could be a different way, maybe even a better way to achieve that same goal
 
The question I’ll leave you with is:
 
Are you willing to give up all those fears if it means increasing your profitability by 21%?