accountability

Beginner 💼 Corporate / Business

Definition

The corporate principle that someone, somewhere, should theoretically be responsible for outcomes, though determining exactly who remains mysteriously elusive during crisis moments. This obligation to answer for results and maintain accurate records sounds great in mission statements but often vanishes faster than donuts in a breakroom. It's the business world's favorite buzzword that everyone demands but few actually practice.

Example Usage

The board of directors emphasized accountability by requiring executives to report quarterly performance metrics directly to shareholders.

Source: Business and legal terminology

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💼 Corporate / Business

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