PRO Member Exclusive

How to Tell a Culture Change Is Due

Businessman sitting in office chair, covering his face with his hand7 signs your firm may be in trouble.

By August Aquila
Creating the Effective Partnership

Accountability, according to the Merriam-Webster online dictionary, is “the obligation or responsibility to accept responsibility or to account for one’s actions.” Let’s explore what this definition means.

First, there is an obligation. An obligation is a promise to do something. If a company has a financial obligation and fails to meet it, it may go into bankruptcy. If individuals fail to meet their obligations they also fall into a state of bankruptcy – i.e., failure.

MORE on LEADERSHIP for PRO Members: Today’s Top Six Partner Compensation Trends | 11 Steps to Building a Better Partnership Team | Why Your Firm Should Be a Republic | 8 Financial Ducks to Line Up Now | Partnership Is About Persuasion | 6 Things Leaders Must Do | It’s Not Always about Money: 16 Tweaks for Your Comp System | How to Build a Growth-Centric Pricing Strategy | How to Combine Two Firms after Merger: Carefully

Second, it is a personal responsibility. Each individual needs to account for his or her own success or failure.

Impact of lack of accountability