Nobody’s perfect – this old saying is still universally true. It applies to the “common” employee as well as to strong and wise managers, although sometimes the contrary is said of them.
However, self-centered and reckless behavior of leaders causes much too often negative consequences for the individual and the entire company – although the whole process could have been stopped much earlier by admitting one’s own mistake.
Therefore, Glenn Llopis listed four advantages of admitting one’s own mistakes for forbes.com:
http://www.forbes.com/sites/glennllopis/2015/07/23/4-reasons-great-leaders-admit-their-mistakes/