What Is Accountability and Why It’s Important for a Business

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word accountability

When you hold yourself accountable for your actions as well as what you have or do not have, then that’s what allows for a successful life.

Accountability is what turns your dreams and goals into reality. Not everyone can be accountable – it takes an individual who wants to succeed in their own right by taking control of what they want to accomplish and going after it with everything they have.

Accountability is what allows people to achieve what they want and what they deserve in life through hard work, determination, and diligence. Without accountability, those things would not be possible – your goals would remain dreams. Accountability makes sure that you put forth the effort so that it can come true and become a reality of who you are and what you can accomplish.

What Is Accountability?

The definition of accountability may be different for everyone since we all have our own goals and what we want to do with each day – but in general, if you’re accountable then it means that when faced with a problem or obstacle, instead of giving up on it (or worse yet trying to pass the blame) you’re going to take what comes at you head-on and work hard towards a solution. 

Accountability is what keeps people from just coasting through life without making an effort, it’s what makes sure that we all try our best to get what we want out of each day (and not fall short). It also helps us to build what we want to create and what will help us become the people that we want to be.

What is corporate accountability?

Corporate accountability is when a business or company takes responsibility for its actions and the results of those actions.

When a corporation commits to taking accountability it ensures that they are also going to take responsibility when things go wrong. This means having procedures in place, training employees well enough so that they know what exactly is expected from them, implementing systems where data can be stored securely and safely and it also means that when a problem arises, the employees can be held responsible for their actions.

This may seem like an easy thing to do but in reality, this is very difficult because everyone makes mistakes and it’s human nature to blame others or make excuses when something goes wrong. This leads me into talking about what happens if you don’t hold employees accountable for their actions.

If you don’t hold your team members accountable, they are going to do whatever it takes so that things go smoothly and without them being blamed or held responsible for their mistakes. This means lying about the facts, covering up evidence of wrongdoing, etc…

This is why accountability is crucial to have an efficient and effective team.

Who is responsible for a companies accountability?

held accountable

In the company, accountability is generally handled by senior leadership such as Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, and other Vice Presidents. They are responsible for the business’s overall success or failure.

But it is every team member’s responsibility to ensure that they are doing what it takes for the company’s success.

Employees should hold themselves accountable and take initiative in their position, no matter how small or insignificant it may be at first glance. Every individual plays a role in making a business successful and accountability is a key factor in ensuring that happens.

Every team member must be accountable in their position and understand the importance of it.

Accountability is the difference between success and failure

Accountability can make a difference if a company is successful or ultimately fails. There is no room for error when it comes to accountability. Companies that have a high level of accountability are those companies that will be successful, and those that do not have the right mindset or way of thinking typically end up failing.

Accountability has many different components; one component may include someone who does not take responsibility for his/her actions. If someone does not take responsibility for his/her actions, then how can that individual be accountable? He or she cannot! This is why accountability is so important; it starts with the person himself/herself and their way of thinking about themselves concerning others within an organization.

For a company to have the success they need to be able to take accountability for their actions, and they also need to have the right mindset to do so. Many companies fail because of a lack of accountability; this is typically due to a bad work ethic within the company itself.

Many different things go into making an organization successful or unsuccessful, but without a high level of accountability, a company will have difficulties being successful.

Mastering accountability

feel accountable

Being able to master accountability can make all the difference in your personal life as well as your work life. The ability to be accountable for your actions is a valuable skill that can help you get ahead in life, either personally or professionally.

Sometimes the only person holding us accountable for our own mistakes and shortcomings is ourselves. What we need to realize though, is that this self-accountability must be balanced with humility and candor.

We can’t expect to receive the benefits of self-accountability if we aren’t willing to admit that what we’re doing is wrong, or isn’t working out as expected.

If you are accountable for your own shortcomings then it’s important that you also take ownership over them. Here are some tips on how to master accountability:

4 steps to reframe accountability in the workplace

Admit that there's a problem

It might seem obvious but the first step to reframing accountability in your workplace is admitting that something isn’t working. Often, employees are afraid of speaking up about problems they’re noticing within their own departments or with how things work at an organizational level because they don’t want to be seen as complainers or people who aren’t a “good fit” for the company.

This fear of admitting that there’s an issue with your job or workplace can lead to you being labeled as someone without initiative, when in fact all you’re doing is protecting yourself from possible repercussions down the road by not speaking up about what needs to be changed at a moment’s notice.

Be honest about what isn't working

Once you’ve admitted that there’s an issue, it’s important to be completely open and honest with your superiors when discussing the problem.

Don’t assume that because senior management knows something is broken or doesn’t work properly that they know who the individual responsible for fixing things is. Share this information with your superiors and explain your role in the problem.

When you share information about yourself, it’s important, to be honest without being self-deprecating. Sharing only negative things can make others question why they should listen to what you have to say; while focusing on positive interactions that could help build trust between management and employees is key when reframing your role in accountability.

Be willing to work with management

Once you’ve shared your part in the problem, it’s important that you’re also open and willing to work on solutions with senior managers.

This is where most people stumble because they often think of accountability as a one-sided relationship – where employees need to be accountable for their actions but the company doesn’t need to be accountable for how they act or think. This is an incorrect assumption that can lead to employees becoming disengaged and lacking motivation in their work because they feel like management isn’t willing to put forth the same level of effort when it comes to improving things.

Be open to new ideas

Finally, when reframing accountability in the workplace it’s important that you’re also willing to be adaptable and adopt new ways of thinking.

If your manager suggests a solution or way of working things out that isn’t something you agree with then don’t just shut down their idea without offering an alternative or at least a compromise.

As an employee, you need to be willing to adopt new ways of thinking for things to improve within your workplace and company – even when these changes go against the way that you’ve been doing things up until this point. Don’t become a bottleneck because you’re not open to change or suggestions from senior staff.

Accept responsibility

other words

Accepting responsibility is the first step in becoming more accountable for your actions. This means recognizing when you have made a mistake, accepting the consequences of it, and working to prevent making that same mistake in the future. Accepting responsibility is not an easy task but with time and practice, many people can do so successfully.

Accountability is a common part of life. Whether you are responsible for completing your schoolwork on time or caring for your children, we all have some level of responsibility in our lives and it can be difficult to know when to take accountability. Accepting responsibility does not always mean that you caused the problem but this step will help improve the situation and also show others that you are a responsible individual.

Accountability doesn't happen by chance. It must be implemented

Accountability is something that needs to be implemented within an organization. Many things need to be implemented within an organization, but accountability is one of the most important. If a company doesn’t have accountability then there will always be mistakes or lack of communication and actions can easily slip through the cracks. When a business has no type of accountability it makes it easy for businesses to run into issues such as embezzlement, fraud, theft, and other issues.

Accountability is not something that should be taken lightly or not implemented into a company because it can keep an organization running smoothly while keeping employees engaged in their work tasks. Accountability within an organization allows for open communication between management and employees which can also result in the trust being built stronger among one another. Accountability within an organization is something that should be implemented because it can have a great impact on the overall business and workforce.

Put accountability into action today

There is no better time than now to put accountability into action. Start by asking yourself what you can do today to ensure that the things you are working on will be completed. This is a great way to build self-discipline, an essential part of becoming successful. You also need accountability in your life if you want to improve any area of it.

To achieve this try holding yourself accountable for your actions and even your thoughts. Being held accountable is a great way to achieve success and it takes only one person: you!

Conclusion

clear expectations

Accountability is a word that can be used in many contexts and it’s important to know the definition of accountability before you get started. Accountability means being answerable for one’s actions or having someone hold you responsible for what you do, say, or fail to do.

It also describes an obligation imposed on somebody to give up something they have (such as power) when they are no longer able to perform their duties satisfactorily because of illness, old age, etc., and which must then pass into other hands. In business terms, this usually refers to people who work within your company but outside your division.

So if I am accountable for marketing campaigns with my team members from the sales department, we would all need to agree on goals and objectives together.

When you think about accountability, it is easy to see how important this concept is in the workplace and beyond. Whether we are talking about a company as a whole or just one team within that organization, teams need to be accountable for their actions and results.

If individuals involved don’t feel like they can take on some of the responsibility, they won’t be able to hold themselves accountable for their actions. That is why it is important that everyone on the team feels like they can take ownership and feel responsible when things don’t go as planned or expected.

About MySource

MySource empowers businesses by putting more time and money back into your hands. Your team is dedicated to your business and is always available when you need them.

MySource is a leading BPO in North America with operations based in the Philippines. We have a proven track record and provide service to a variety of companies in the US.

MySource provides Outsourcing solutions for different companies throughout the world. We help our partners get more done, faster.

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