The assignment content discusses the benefits and guidelines for effective delegation in an organization. The five potential benefits of delegation include minimizing workload of superiors, benefits of specialization, motivation and morale boosting, quicker and better decision making, and growth and expansion. Additionally, seven guidelines for good delegation are outlined: patience, don't over-delegate, right person for the task, reason for selection, be specific, training, and feedback. The content also highlights the issue of dumping, where tasks that are not interesting to perform are assigned to subordinates without providing them with suitable tools or authority, leading to negative outcomes.