Winston Churchill observed that “the price of greatness is responsibility.” He understood that meant accepting responsibility when things go wrong – and indeed, he admitted many mistakes during Britain’s World War II campaigns. Great leaders always acknowledge their errors. In 1961, President Kennedy took responsibility for the failure of the Bay of Pigs invasion contritely observing, “Victory has a hundred fathers and defeat is an orphan.” Similarly, President Reagan assumed ownership of his administration’s Iran-Contra scandal in 1987 with an Oval Office address famously remarking, “what should happen when you make a mistake is this: You take your knocks, you learn your lessons, and then you move on. That’s the healthiest way to deal with a problem…you change. You go forward.”
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