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Why Is Accountability Important In A Business?

Why Is Accountability Important In A Business?

Home » what is the importance of accountability » Why Is Accountability Important In A Business?

Many people believe accountability to be something it is not. It is not about catching employees for their mistakes and ratting out coworkers. These are some of the many misconceptions that people across the globe hold about accountability.

Accountability in a business simply means staying true to the expectations of someone while defining the missions, goals, and values of the company. While I explain the meaning of accountability in a business, I’ve had many confusions to why accountability is necessary for a business. Here’s why.

Increases the Company’s Culture

When the team at work follows accountability and stays faithful to all their promises, it creates a healthy work environment. Not blaming others for your mistakes and owning up to your part of any assignment is taking responsibility for your own actions.

With positive work culture and achieving goals while working as a team creates a healthy working space and builds trust among employees while multiplying productivity.

Improve Individual Performance

accountability promotes ownership, engagements and enhances productivity. When you are aware of your roles and responsibilities, you know well how to maintain the same. Practising accountability adds value to the performance of an employee as an individual.

Not only can they feel proud about their work, but the entire team at work also appreciates them for their resourceful outputs.

Build Confidence Among Stakeholders

When stakeholders are aware of accountability practised in a company, they can build a stronger trust in you. Accountability is reflected in the work ethic of an organisation. It is an essential part of the journey to achieving the goals and objectives of a company.

When an organisation practices accountability, they are more likely to be efficient with deliverables creating a positive relationship with employees, suppliers, vendors, and investors.

Better Compliance

Compliance is an essential value of every industry. Therefore, with the dynamic nature of laws, guidelines, standards, and regulations, only accountability can help organisations achieve better compliance.

As I tell you about compliance, it would be worth mentioning that compliance depends on accountability to bring the team together. Every individual should be accountable for their part in the company. Being accountable lets every individual of the organisation work with integrity. This saves you from the consequences of non-compliance while staying faithful to the guidelines.

Motivates Employees

Employees are entitled to specific roles and responsibilities. When they perform them, their work is judged based on their output. This can create a sense of fear in them. However, when you realise your job well and are accountable for your actions, you are ready to face the consequences of your actions.

As such, you are only more motivated to provide the best output of your work. You get more thrilled to perform your best.

Troubleshoots Problems

When you go through a crisis in your organisation, I’m sure it becomes challenging to find out the root of the cause as no one wants to be seen as wrong. The blame game starts, and the team starts figuring out the reason behind the crisis.

But when someone is accountable, a lot of time invested in finding out the culprit is saved, and you can move on. Accountable employees accept their part of the fault and contribute to rectifying the losses made.

Helps Build Connections

It becomes easier to build better relationships with your clients and colleagues when you are accountable and practice the same within your work hub. Therefore, accountability helps you achieve stronger and long-lasting bonds.

Not only is this factor true to commercial relationships, but also personal and other corporate relationships.

Reduce Self-Pity

Self-pity is perhaps one of the most degrading media of bringing a talented person down. Accountability helps you get rid of this limitation and explore opportunities outside your comfort zone. It enables you to remain calm and composed about your decisions and solve your doubts in an organised manner.

Final Word

You already seem to be pretty motivated and thrilled at gaining and experimenting with the benefits of accountability. However, these are only a few of the several reasons for practising accountability in a business.

Accountability is a vast subject that needs application in the professional, social, and personal spheres of your life. However, it creates your base of remaining true to your responsibilities as you soar heights in your journey towards achieving your goals.

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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