Forging a Path to Success: The Importance of Accountability and Checks and Balances in Transitions

As you go through your transition process, whether it's transitioning leadership, succession planning or bringing about an overall culture change, it's easy to by-pass and forget about ensuring you have true accountability with the right checks and balances in place.?(To help you remember, download your copy of "The Successful leadership Transition Check List" here)

It's human nature to assume that the leadership team you're transitioning to, will care as much as you do and have the character to fulfill their responsibilities with integrity. Maybe they will and maybe they won't.?Things like poor morale, loss of your customer/client data base, embezzlement, and more happen when accountability isn't held and checks and balances are missing.?

Accountability structures and the right checks and balances are a form of boundaries that are critical for the safety and security of your company; for now and the long-term.

So once you've let go of the need to control and you've successfully handed over the responsibilities and?authority for the leadership team to lead and perform their roles, it's important to make sure you've put accountability and the right checks and balances in place along the way.?

Having the right checks and balances in place will help ensure that your leaders are held accountable for their performance throughout the transition process and beyond. This not only ensures accountability, but also alleviates some of the pressure off any particular individual, allowing them to focus on their own performance. For you, it facilitates a smoother and less chaotic transition, with way fewer sleepless nights.

Accountability is also essential for tracking progress and measuring results for the transition itself. You can use a variety of metrics to track how well your transition is going, everything from tangible measurements such as financial performance to intangible aspects such as morale. By having constant feedback in place, you can identify areas where improvements need to be made and make adjustments accordingly.?

Ultimately, the success of your transition depends on having an effective system of checks and balances in place for the transition and your company's future. By creating clear expectations and accountability measures throughout the process, you will ensure that you are taking the necessary steps to foster a successful change management strategy.?Doing so will help your company reap long-term rewards and set up a strong foundation for future growth.

Challenged with or getting ready to transition leadership??We can help!?Click here to schedule your complimentary Leadership Transition Audit.

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