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