There are benefits for those who reflect on and learn from their mistakes, according to a new study.
Researchers found that when leaders took time to reflect on what they learned from their mistakes, they showed more humility, a quality known to make managers more effective.
The study found that teams performed better when their leaders learned from their mistakes.
Humble leaders acknowledge their own limitations and mistakes, appreciate others’ strengths and contributions, and are open to new insights and feedback. When a leader is humble, team members are more likely to share their knowledge and voice their concerns, and increase their improvement oriented behaviors.
In one of the four studies, the researchers recruited 454 managers who worked in a wide variety of industries, including finance, retail, manufacturing and health care, to participate in the online research.Trained graduate students who weren’t involved in the study rated the managers’ responses for how much. They rated the managers on how much they acknowledged that others had more knowledge and skill than them.