ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -I admit what I’ve done is wrong. Sorry. I know this was my fault. I’m fully responsible for this matter. I have made a mistake.
Detailed explanation-2: -You’ll actually expand your credibility when you demonstrate the humanity of imperfection. Be open about situations where you’re unsure and share with others when you’re uncertain. Admit your mistakes and you’ll pave the way for trust and an atmosphere of openness with colleagues.
Detailed explanation-3: -Openly talking about your less-than-perfect decisions can be one of the best moves you make as a leader. Your transparency can reveal opportunities for positive action and strengthen the sense of accountability for everyone in your team.
Detailed explanation-4: -Mistakes are always forgivable, if one has the courage to admit them. That is, there is power in properly admitting a mistake. Accepting personal responsibility – which is taking ownership of your own behaviour, mistakes and the consequences of that behaviour.