A company’s success relies on your team’s ability to be able to effectively execute strategies and carry out complex projects. Plans and strategies may look perfect on paper yet it is up to you and your team to actually put them in motion. Just like a great idea, it amounts to nothing if you don’t act on it. This is where having a committed team comes into play. Compared to your run of the mill team, a team that has a strong sense of ownership takes pride in their work. They will follow the agreed-upon strategies to the tee and execute them at the highest level. You can rest easy knowing that they would give you at least above average results. This is because all of the team members know that they can rely on each other. They have a clear understanding of what the goal is and what their roles are to reach the goal. And that is just one of the values of accountability. That one alone will take you one step closer to success. What are the other benefits of accountability? What is the value of accountability?
Saves Time And Money
Something is bound to go wrong while working on a project. You can minimise the chances of it happening yet it will still happen. Whether it is a small or big mistake, you are going to waste time and money tracking down who was involved in the mishap. Wouldn’t it better if the one involved would just take ownership of the mistake? Instead of allocating resources in the tracking down process, you can use the resources in resolving or fixing the mistake. This is the biggest value of accountability. It saves time and money and in business, the more you save, the more profitable the company would be.
Promotes Ethical Decision Making
You have to earn your customers’ trust if you want them to stay loyal to your brand. Brand loyalty means improved public reputation which translates to higher revenue. How is this accomplished? This is achieved by having a strong sense of accountability in your company. When all of your team members have a clear understanding of your company’s ethics and values, their decision making will be based on those same ethics and values. They already understand that the ethical choice is the correct choice which makes them more accountable for their decisions.
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