I, too, have a background in training, and have worked with companies of all sizes, from small partnerships to major multinationals.
Part of that, of course, is hiring the right person, part of it is forcing employees to do what you want or face termination, but the bigger part of it is simply being highly visible (shoulder to shoulder, remember?), while being the kind of person someone wants to emulate.
I agree with almost all of what you've said, but I have to take issue with the idea of "forcing" an employee to "do what you want or face termination".
No part of effective management and delegation is about "forcing" intelligent adult employees to do anything. Motivating, yes. Forcing, no.
Employee education is a long term investment, but it's also a two way street. If you've hired well, it's entirely likely that your employee may come up with better ways of attaining one or more of your goals than you had.
It's about achieving your goals for the company, not about "forcing" your employees to "do what you want". Yes, as the owner you have the final say, but why waste the motivation and brainpower of your employees by insisting that it's "your way or the highway"?
IMHO, of course, and (as usual) YMMV.