But failure can be beneficial to us as leaders as long as we understand what role we play in it, and can apply the knowledge gained to future situations. Leaders must take action, and their decisions affect the lives of many people. The higher the rank of the individual who makes the mistake, the larger the effect on the entire organization. So the ability to recognize our mistakes and draw important lessons from failure better prepares us to minimize undesirable results in our organizations. Yes, but we must not always try tackling problem ourselves.
Teamwork is the key to correcting or possibly avoiding mistakes.
I can't explore all the pertinent views of a situation as well as a group. The more inputs from our peers and subordinates, the less our chance of failure, but more importantly, the better our chance of success. So success depends on how we, as leaders, react to our failures. It also depends on our attitudes. A positive attitude plays an extremely important role in correcting failure.