Ownership is also important because it gives employees a sense of autonomy. Instead of requiring constant hand-holding, employees will focus on what the company needs overall rather than just what's required of them. That's because they feel invested in the team's success.

Why is ownership important in leadership?

We understand Ownership to mean being responsible and accountable. Our research has revealed that leaders who assume ownership keep on learning, they understand the importance of reputation and create a safe environment, they stick up for their staff and are important role models.

What does having ownership mean?

Ownership means being accountable for a department, project, initiative, etc.,—whatever is being “owned.” It means that the owner is the person who takes responsibility for any shortcomings, even if they aren't necessarily his or her own personal fault.