Ownership can refer to the act of possessing something, but in this instance, we refer to the ownership of an idea, ideal, or value and bringing that forward to create change and create action. Taking ownership means feeling accountable and taking initiative, being held responsible for actions and a result, i.e. being able to tell others “you can trust me to do it, and you can trust me to do the right thing.”
Often in the workplace ownership is referred to as the monetary ownership of owning shares in the organisation you work for. This can perpetuate feelings of ownership but it is not the only, nor the most effective, of ownership. Instead, it means taking responsibility to own, deliver, and execute on a role, task, project or company objective.
This ownership comes from a sense of purpose and accomplishment felt for a job, and can be achieved by giving someone ownership over their own role, perpetuating mutual trust and confidence. It can be core to accelerating growth and development for an individual but crucially, can also propel an organization's success.