Everyone makes mistakes, and the best leaders know it is important to take timely action and hold themselves accountable.
Following are five reasons why good leaders own their mistakes.
- You will avoid misunderstandings. The benefit of immediate accountability is you can clearly communicate what went wrong and why. If you wait to acknowledge the mistake, it will be more difficult to fix. You can help diffuse any rumors or miscommunication that arise.
- It spotlights your true leadership colors. Taking responsibility for your mistakes gives a clear message to others about your character, integrity and authenticity. Research shows leaders who are willing to believe they may be wrong earn respect and loyalty and have an advantage over those who rely on ego and power.
- You will learn from your mistakes. Smart leaders understand failure is essential to success because it provides an opportunity to learn something new. Focus on expanding your knowledge so you are better informed and will not repeat the mistake.
- It demonstrates vulnerability and strength. It takes courage to be vulnerable and admit when you have made a mistake and face possible judgment and ridicule. Insecure leaders try to minimize their exposure by covering up their mistakes; confident leaders are not afraid to own them.
- It signals to others that you are human. Leaders who recognize their shortcomings signal theirs is a culture in which people are human and can be imperfect. When leaders model this behavior, they create a more open, collaborative culture where others are encouraged to share their ideas without fear of ridicule.
