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What Do We Mean by Accountability?

What Do We Mean by Accountability?

Home » importance of accountability in business ethics » What Do We Mean by Accountability?

Accountability is the practice of holding yourself responsible for your actions. When you learn to handle the consequences of your actions, it minimises the pressure on your team at work. An organisation or society needs to practise accountability.

Without accountability, it gets challenging to assume ownership of actions. Every action has consequences, and throughout my career, I have practised accountability. Therefore, I believe it has many positive impacts on your life, whether personal, professional or otherwise.

Understanding Accountability

You should practise accountability in your workspace. This leads to better relationships with your clients and stakeholders. Additionally, it creates trust and reliability among the employees of your organisation.

Without accountability, you have the risk of losing the faith and trustworthiness of clients and among employees. This might lead to affecting your output adversely, such as causing high-profile accounting scandals, etc.

Without proper checks, balances, and management of wrongdoings, the company’s integrity is at stake and therefore, your company would lose its ability to perform critical social functions. To discuss it more in-depth, the global financial crisis is another example and reason for practising accountability.

In practical terms, accountability ensures that the associates of a company maintain a record of their work and act responsibly whenever the time comes. Accountability improves the work culture of a company and motivates the employees to be responsible and productive.

Roles of Accountability

The aspect of accountability can continue to broaden with time. The socio-political environment, for instance, has a prominent role to play in the dynamic changes in accountability relationships. As such, these relationships grow to be diverse and evolve over time.

The media, democracy, and the needs of a company’s stakeholders, clients, and investors also hamper the implications of accountability. In simple words, the guidelines, regulations, laws, and processes define the boundaries of accountability within a workspace.

Here are some of the significant roles of accountability.

Improves Company's Performance

Although accountability depends on every individual to account for the company as a whole, it is also essential to use internal controls to be accountable as a team. This enhances the performance of every individual, hence the entire company.

Practising accountability is significant for the fact that it minimises the scope of the crisis and enhances the performance of the industry. For instance, when your company might be subjected to litigation, the team works together to make up for its part in the judicial consequences. It is one of the media ensuring the company’s freedom.

Accountability Provides Oversight

When the company members practise accountability, they ensure to delegate their responsibilities and not forsake them. The entire hierarchy of accountability is to act responsibly towards the consequences of an individual’s actions.

But it is worth mentioning that the powers necessary to achieve such an objective might limit the scope of its applications.

Improves Company's Governance

Accountability, along with other virtues practised in a company, helps realise the importance of integrity and transparency at work and otherwise. This ensures better governance of the company along with the workforce.

Acting responsibly towards the consequences of corporate actions, individual roles, and the company’s administration holds together the organisation’s governance.

Maintains and Enhances Legitimacy

One of the primary roles of accountability is to generate the legitimacy of a company. If you want to hold a picture of the legitimacy of your company in front of your clients and investors, practising accountability can help grant such independence.

But a company’s independence is temporary if the activities do not reflect accountability, hence, failing to reflect legitimacy. Companies are responsible for their legitimacy and maintaining autonomy.

Summing Up

Accountability is a broad subject that can draw many perspectives depending on the roles and responsibilities of an individual, whether personally or corporately. Either way, accountability brings you the rewards of staying faithful to your commitments and responsibilities.

In other words, you can go a long way practising accountability and integrity in life. And conversely, the consequences would seem challenging, unfolding things you are not ready for. Therefore, it would be best to remain accountable and practise accountability to move toward your goals faster and effectively.

By Darren Finkelstein

Author Bio:

Darren Finkelstein is The Accountability Guy®. This entails being an International Accountability Coach, Business Advisor, Mentor, Author, and Speaker.

Darren works together with high-performing teams and individuals across Australia/NZ, UK, USA, Europe and Asia to help get results, achieve their wildest dreams, and smash goals. He does this by leveraging over 30 years of experience working in the corporate world and small businesses.

A successful business owner himself, Darren won the Australian Entrepreneur of the year award for Dent Global after building a wonderful lifestyle business, successfully sold and exited after 15 years.

Before this, Darren worked for over 10 years at Apple Inc. as ‘Manager of Commercial Markets’ during the inspirational Steve Jobs era. While there, he was awarded the prestigious Golden Apple Award.

Darren’s lessons in accountability can help individuals and teams at all levels of a business or organisation across the globe, and are based on actions and results:

  • Read The Accountability Advantage – Play Your Best Game book for Darren’s most recent insights into accountability.
  • Enroll into Darren’s online (DIY) program: Accountability Made Easy.
  • Hire Darren to be your private Accountability Coach via one of his popular One-On-One Sessions where he works with you and/or your team to implement and execute plans to hit your goals. These private client sessions are conducted via Zoom video calls or face-to-face meetings (subject to Darren’s travel policy and COVID restrictions).
  • For teams of 3 – 7 people, Darren offers Group Accountability Programs, ideal for networking groups and alumni organisations.
  • My Team Accountability Program is a powerful tool for sales teams, project teams, virtual teams and operational teams.
    Both Group and Team Accountability Programs are a shared learning environment where you’ll learn from others and shared from their experiences. We can work with your team members one-on-one, in pairs, or in a configuration that suits your needs best.
  • Darren can be a Speaker at your next event, workshop, or conference. Whether it’s done face-to-face or virtually, it’s a genuinely engaging experience.

Who can The Accountability Guy® help?

  • Do you work hard, but still not achieve your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need directions on how to get your business to the next level?
  • Are you a high-performing, successful individual or team that would like to ‘juggle more balls in the air’?

How accountable are you? Take the 5-minute quiz to find out!

Accountability is the superpower you must learn to harness:

Hope will fix your situation, as doing nothing makes things worse. We need to take action now, or tomorrow’s results will be the same as today.

Implementation and execution are key:

We’ll make sure you follow the plan and meet your deadlines. This is true accountability. Together, we’ll meet your commitments, goals, and promises you’ve made to yourself and others.

Don’t let people down anymore – especially those important to you!

-----------------------------------------
How likely are you to achieve your goals, promises, obligations, and commitments on your own?

Darren will support you to become truly accountable!

How accountable are you? Take the 5-minute quiz to find out!

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

By Darren Finkelstein

Author Bio:

Darren Finkelstein is The Accountability Guy®. This entails being an Accountability Coach, Business Advisor, Mentor, Author, and Speaker.

Darren works together with high-performing teams and individuals to help get results, achieve your wildest dreams, and smash your goals. He does this by leveraging over 30 years of experience working in the corporate world, and in small businesses.

A successful business owner himself, Darren won the Australian Entrepreneur of the year award for Dent Global after building a wonderful lifestyle business, successfully sold and exited after 15 years.

Before this, Darren worked for over 10 years at Apple Inc. as ‘Manager of Commercial Markets’ during the inspirational Steve Jobs era. While there he was awarded the prestigious Golden Apple Award.

How accountable are you? Take the 5 -minute quiz to find out!

Darren’s lessons in accountability can help individuals and teams at all levels of a business or organisation, and are based on actions and results:

  • Read The Accountability Advantage – Play Your Best Game book for Darren’s most recent insights into accountability.
  • Enroll into Darren’s online (DIY) program: Accountability Made Easy.
  • Hire Darren to be your private Accountability Coach via one of his popular One-On-One Sessions where he works with you and/or your team to implement and execute plans to hit your goals. These private client sessions are conducted via Zoom video calls or face-to-face meetings (subject to Darren’s travel policy and COVID restrictions).
  • For teams of 3 – 7 people, Darren offers Group Accountability Programs, ideal for networking groups and alumni organisations.
  • My Team Accountability Program is a powerful tool for sales teams, project teams, virtual teams and operational teams.
    Both Group and Team Accountability Programs are a shared learning environment where you’ll learn from others and shared from their experiences. We can work with your team members one-on-one, in pairs, or in a configuration that suits your needs best.
  • Darren can be a Speaker at your next event, workshop, or conference. Whether it’s done face-to-face or virtually, it’s a genuinely engaging experience.

Who can The Accountability Guy® help?

  • Do you work hard, but still not achieve your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need directions on how to get your business to the next level?
  • Are you a high-performing, successful individual or team that would like to ‘juggle more balls in the air’?

Accountability is the superpower you must learn to harness:

Hope will not fix your situation, as doing nothing makes things worse. We need to take action now or tomorrow’s results will be the same as today.

Implementation and execution are key:

We’ll make sure you follow the plan and meet your deadlines. This is true accountability. Together we’ll meet your commitments, goals, and promises you’ve made to yourself and others.

Don’t let people down anymore – especially those important to you!

-----------------------------------------
How likely are you to achieve your goals, promises, obligations, and commitments on your own?

Darren will support you to become truly accountable!

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