How Strong is Your Humility and Courage in Reputation Adversity
Do you have the humility, courage and strength to confess significant errors to those who count on you? Not all leaders will own their errors and communicate it humbly to other people.
Warren Buffett has done so here (Warren Buffett's $10 Billion Mistake):
“I was wrong...in judging the average amount of future earnings and, consequently, wrong in my calculation of the proper price to pay for the business.
Then he says this:
"PCC is far from my first error of that sort. But it’s a big one.”
Look at the responsibility he shows. That failing could not have been easy for him to to think about. There had to be some trepidation, if not fear about having to convey this message.
Buffett mentions being "wrong" twice, then talks about how he's made "that sort" of error (third mention of his failing) and owns the magnitude of it.
This is extremely rare, which is why it stands out.
Do you have stories about leaders (even if it's yourself) who have showed this type of behavior? How did you receive them? Did you respect them more, or less?
What about when leaders have tried to hide or downplay errors? What did you think of them?
Michael Toebe is the founder and specialist at Reputation Quality, Reputation Interviews and Quality Stress Response, serving successful leaders and organizations.
#credibility #trust #executivecommunications #leadership #management #communication #HR #learningtogether #learning #communicationcoaching #reputation #crisiscommunication #relationshipcommunication
Articles from Michael Toebe
View blogMcDonald’s clearly doesn’t see it yet but in its zeal to defend itself in different lawsuits filed b ...
Two reports and entirely different conclusions about Johnny Depp’s future, in response to his crisis ...
Anna Wintour says she owns her errors of racial insensitivity, missing compassion and ivory tower le ...
You may be interested in these jobs
-
SAP Analyst
Found in: Appcast US C2 - 2 days ago
Bayforce Cary, United StatesRole Title: SAP Data Analyst · Salary: $120,000- $125,000 · Location: Cleveland, OH or Cary, NC · Role Description: · The data analyst will support the data conversion of the SAP ERP implementation and the development of the standard data conversion load processes for the divisio ...
-
Receptionist, Dearborn Station- Part Time Days
Found in: Lensa US 4 C2 - 2 days ago
The University of Chicago Medicine Chicago, United States Part timeJob Description: · Join a world-class academic healthcare system, UChicago Medicine Care Network, as a Receptionist at our Dearborn Station clinic. · The Receptionist, UCM Care Network, performs day-to-day administrative and general office duties including but not limited to sc ...
-
Structural Analysis Engineer
Found in: Lensa US 4 C2 - 2 days ago
Applied Physical Sciences Concord, United StatesApplied Physical Sciences (APS) is seeking a Structural Analysis Engineer for an immediate full-time position supporting several engineering projects and programs across our company. Successful applicants will be highly motivated, innovative, self-starters with strong mechanical, ...
Comments