It’s okay to be wrong, everyone is, and it is important to admit it when we are. More important is the need for leaders to allow those who work for them to admit their mistakes. Good leaders give people permission to be wrong. Most people don't admit their mistakes because of fear. They're afraid they won't be forgiven1. Good leaders let their followers know that it's okay. Great leaders even share their own stories of failure. It shows that they care and allows them to be human. This permission to be wrong leads to stronger relationships between leaders and followers. It leads to humility and transparency.
There are few guarantees in life, making mistakes is one of them. Allow yourself to be wrong and admit it. More importantly, allow those around you to be wrong and admit it.
1 Parsley, Brian, Admit You’re Wrong (brianparsley.com)