Follow Dallas Linkedin
Email Dallas Email
Business Growth
Jul 15, 2014

How A Simple Chart Can Drive Accountability

Sponsored Content provided by Dallas Romanowski - Managing Partner, Cornerstone Business Advisors

Author Jim Collins best describes organizational effectiveness as having the right people in the right seats. To implement this principle, leaders should create an accountability chart that maps key functions of your organization. At the fundamental level, there are five key roles. Gino Wickman, the author of Traction, describes these roles as: Visionary, Integrator, Sales/Marketing, Operations and Finance/Administration. 



In early-stage companies, a person may fill multiple roles within the accountability chart. As the company grows, it is important to delegate roles and elevate the impact people can have on the company’s performance. If a person is micromanaging another employee, this creates more work and is inefficient. Micromanagement is often caused by not letting go, lack of system, structure or accountability, or not having the right person in the right seat.

After you create your accountability chart, the next step is to develop the “future state” chart. This chart should reflect what your organization will need to look like to achieve your vision in three to five years. The open seats in your future-state chart will help you understand where you will need to develop employees or recruit new talent. In some cases, you may find you need to add additional functions to your future-state chart such as customer service, human resources and information technology.

When company ownership involves more than one person, the owners should view themselves as “stock holders” in the company and create the accountability chart as if they were the Board of Directors.

One word of caution to consider when developing your accountability chart: avoid titles such as director, vice president and the like. Titles may be important when it comes to customers and suppliers, but titles often create unhealthy politics inside organizations.

Cornerstone Business Advisors provides access to experts in business strategy, management, process and finance. The Cornerstone team includes former C-Level executives, successful entrepreneurs and advisors who offer unmatched experience in delivering advanced, custom-tailored, results-oriented solutions for business leaders. Cornerstone has worked with hundreds of companies that range from fast-growth start-ups to Fortune 500 corporations. It developed the Performance Culture System™ to help clients implement best practices and drive high performance throughout their organization. For more information, visit www.launchgrowexit.com, call 910-681-1420, or email [email protected].
 
 
 

Other Posts from Dallas Romanowski

Bizjournalblockad
Ico insights

INSIGHTS

SPONSORS' CONTENT
Tommytaylor ceo unitedway

I Got 99 Problems But a 501(c)(3) Ain’t One

Tommy Taylor - United Way
Drewsmith copiersplus headshot

A Little More Communication, A Lot More Cohesion

Drew Smith - Copiers Plus
Headshotrosaliecalarco 1182131047

Beware of Rental Car and Medicare Scams

Trending News

Total Wine & More Comes To Wilmington, Official Grand Opening Thursday

Johanna F. Still - Jun 27, 2022

McKinley Building Announces Leadership Changes

Staff Reports - Jun 28, 2022

Terry Named CFCC's Vice President Of Student Services

Staff Reports - Jun 28, 2022

Bald Head Island Lands New Vivian Howard Meal-stocked Refrigerator

Jenny Callison - Jun 29, 2022

With First Building Fully Leased, Second Phase Of Industrial Project Commences

Staff Reports - Jun 28, 2022

In The Current Issue

Cruises Can Spark Return Trips

While Charleston and many Florida cities are well-known for being popular ports of call for cruise lines, few people realize that Wilmington...


MedNorth, Novant Expanding Services To Underserved Communities

Novant Health and MedNorth Health Center are advancing plans to expand the services they provide to individuals and families in some of Wilm...


Info Junkie: Hunter Ingram

Hunter Ingram, assistant museum director of the Burgwin-Wright House and Gardens, shares his top info and tech picks....

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100