Forget about company hierarchy.
3 roles to build a successful company.šš»
1/ Accountability
This belongs to the ONLY person who has the "ability to count."
Who is keeping track of progress and speaking up (yelling loudly) when problems come up within a specific task, team, function, or division.
It doesn't mean that he or she makes all the decisions (or even any decisions), which is why people often talk about "self-managed teams."
But someone still needs to be held accountable. The rule is that if more than one person is accountable, no one is, and things fall through the cracks.
2/ Responsibility
This is the job of anyone who is "able to respond" to help the team.
It includes everyone who has something to do with a certain process or issue.
3/ Authority
This belongs to the person with the right to make decisions.
Example
The companyĀ CFO is accountableĀ for cashā heĀ "counts" it every day and tells the team.
HeĀ is also accountableĀ for telling the team if heĀ thinks there might be a problem now or later in the year.
TheĀ CEO, has authorityĀ over the money and signs off on big purchases and investments.
And everyone in the company is responsible for making sure that cash is spent wisely and that deals and contracts are set up so that they bring in cash instead of using it.
This thread is inspired by Verne Harnish's "Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0)"
It is a great book that you should read.
When you put these three roles together with the 12 systems, magic happens. twitter.com/luqmanshantal/status/1547219339274862592
If you want to stay in Twitter and learn more, here are few accounts that will do:
@barrettjoneill
@polak_jasper
@ChristineCarril
@IAmClintMurphy
@AliTheCFO
@KateBour
@BrianFOConnor
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@barrettjoneill @polak_jasper @ChristineCarril @IAmClintMurphy @AliTheCFO @KateBour @BrianFOConnor That's a wrap!
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