In a recent online poll, leaders reported that the number one change they’d like to see in their corporate culture is a stronger commitment to accountability. Accountability takes many different forms across organizations. In many cases, accountability is only referenced in the form of performance failures and mistakes. In this context, accountability is often characterized as being willing to “fall on your sword” and admit your part in where things went wrong. This is a short-sighted and negative interpretation of accountability that is unlikely to create a positive change in an organization’s culture. At its best, accountability is a personal commitment to taking the ownership needed to drive results and achieve goals.
Short answer; yes. Long answer; no.
Let’s start with the basics.
“The Emperor’s New Clothes” is a classic story written by Hans Christian Andersen where, in a kingdom long, long ago there existed an emperor who loved wearing fine clothes and spent a fortune on them. In his obsession to find ever higher quality clothes, the emperor is tricked by a weaver into believing that he has been sold the finest set of clothes with the thinnest cloth material ever devised. To celebrate, the emperor arranges a grand procession through his capital city so that all may look upon his greatness.
Four-day work weeks and unlimited paid time off sounds like workplace heaven. It also sounds like a recipe for attendance and productivity disasters. When I spoke with Joyce Maroney, the executive director at the Kronos Workforce Institute, I became even more convinced that giving employees flexibility and more time to focus on their personal lives can increase productivity and engagement.
At the beginning of the year, we covered the creation of a Business Continuity Plan which prevents most issues from becoming disasters. But what if a disaster exceeds your capacity for immediate remediation? That is when your Disaster Recovery Plan is invaluable – to ensure that an interruption does not threaten the survival of your business. As the CFO, you are in charge of protecting corporate assets and sustaining the earnings stream they generate. Having the components listed below as part of your Disaster Recovery Plan is not only your job, it will help you sleep better at night.