Why Bosses Should Always Admit Their Mistakes

The job of running a company requires more than a willingness to command others. It also includes accepting responsibility for when things go wrong. Good leaders never allow their egos to obscure the importance of acknowledging miscues. Here are a few principles that should be remembered after you cause a blunder.

It’s the Team That Counts

You may be your operation’s founder and ultimate idea person. That does not mean, however, that your success comes without the abilities of others. It takes a group effort to turn any concept into a profitable reality. Although you may be in control, even company executives are expendable. Some of the most innovative corporate leaders have been ousted from the very enterprises they founded. Demonstrate to your workers that what truly matters is the company mission.

Never Cover Up Anything

Getting caught lying to make oneself look good is a far greater sin than simply making a mistake. Everyone understands that we are imperfect creatures capable of committing the occasional miscalculation. The only unforgivable misstep is an ethical breach that places your character into question. Remember, too, that your blunders do not need to be shouted with a megaphone. Disseminate information regarding your wrongdoing on a need-to-know basis. Without relevant knowledge, those beneath your command will be working with blind spots that may create even greater trouble. It only takes one person to uncover shady behavior and for lies to come back and haunt you.

Admitting Imperfections Builds Trust

When bosses acknowledge their flaws, it bolsters admiration among followers. We all understand how bruising it can be to admit our shortcomings. Although it may not feel so in the moment, a leader who is willing to enter into a position of vulnerability is viewed as having strength, not weakness. In addition to increasing company loyalty, it also improves comfortability among others in divulging their own missteps. The information that emerges from office cultures where staff feels unafraid to accept fault is extremely valuable. Knowing about failures the moment they emerge can help prevent minor slipups from mushrooming into genuine emergencies.

Along with the kudos and admiration that come along with being the face of a successful venture is the responsibility of accepting fault. The greatest corporate leaders place business before everything, including personal pride. Be mindful that your worth as a corporate chieftain is measured not by your miscues but in your response to them.

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