4 Essential Ingredients for Creating a Culture of Accountability
According to the Harvard Business Review, 80% of corporations fail in converting their strategy plan into actual execution.
No wonder, “We should start holding people accountable around here” is a common quip frequently heard at executive staff meetings in thousands of conference rooms around the country. It’s an easy enough statement to throw out there and it is used frequently because it sounds really good.
If you are serious about being a part of the 20% winning circle, you have to create a strong culture of accountability. The key question is how? At SeeMetrics Partners, we believe ensuring that these four ingredients are in place is necessary for creating a culture of accountability:
1) Each functional area has a single and right person accountable for its results and that no single person is accountable for too many functional areas.
2) The financial statements have a right person assigned to each line item
3) Each key company process has a single and right person accountable for ensuring its use and evolution
4) Each of the annual key Thrust/Capability has a corresponding expert assigned to develop it or drive it forward
The benefits of adopting these habits will create a culture of accountability, assure team alignment, clarify of goals and priorities and focus on results. I recommend that you identify the habits not already implemented and start implementing the few you think will provide the most positive impact within your organization. Once implemented, repeat the process until all the ten Rockefeller Habits are implemented. This will drive sustained profitable growth built on solid foundation. Watch my podcasts to find out more.
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