The Power of Taking Responsibility for Failure In the generation of the 'creed of greed' philosophy where money, power, and position is almost the whole thing nowadays few leaders still agree with in the idea of 'Serve to Lead'. Yes, believe me such leaders do exist. They are classified as Great leaders who willingly make personal sacrifices and accept duties for organizational failures. They put the interest of common good- their stakeholders which includes employees, government, customers, creditors, directors, suppliers, unions and the overall community at huge before their interest. A good leader possesses qualities like self-confidence, commitment, passion, desirable communication, and leadership quality but a great leader focuses beyond all this. They undertake a 'give no excuses and accept the mistake' strategy to efficiently transit a crew of collective people to a crew of successful professionals. They lead by example! In difficult adverse business scenario when the whole thing is going wrong, alternatively of taking part in blame game, gossiping, bad-mouthing the government/economy/employees/creditors/misfortunes, avoiding, refusing or delaying the trouble great leaders take one hundred percent personal duty by accepting that all the errors are mine and selecting to address the predicament and take sole accountability (even financial) of fixing the quandary. Trust me, only after that, they may find solutions, solve the problem and within a few years they can take their company to new heights" Great leaders accept there is a problem, own the problem, strive to discover numerous solutions but choose the most appropriate one, enforce it and make sure that they do not repeat the same mistake twice. The biggest Risk is not taking one There is one essential quality that distinguishes dynamic leaders from average one- it is their affirmative capability of Risk Taking. There is a direct positive relationship between risk-bearing and entrepreneurship. Successful entrepreneurship is about figuring out your passion, taking a rational risk and exploring possibilities others do not see. Risk-taking pushes you to think and act outside your comfort zone besides which you turn out to be torpid, conventional and content". Fear of - change, failure, not being good enough, inadequacy, uncertainty, rejections, being judged are few reasons why people keep away from taking a risk however not taking a risk is the huge risk of all in life. Risk takers are not random gamblers. Taking a calculated risk that is reasonable, smart and rational is extremely essential to attaining your desired goals. Good decisions are made based on intelligent information and institutions. It is necessary to explore all the options/ choices earlier than making any decisions. They are properly acquainted with the fact the once in a while risk can also not financially pay-off well however provides immense chance to learn, develop and enhance your competencies. In addition to this, risk-taking helps us in discovering unfamiliar areas inside and outside the organization, inspiring ingenious thinking, discovering creative solutions to a present hassle and even overcoming fear of failure. Risk-taking is scary by as mentioned, "If it is not scary it is not worth doing". Author Name: Rupal Jain