The phrase "to take a bow" means to acknowledge and receive applause or recognition for something you have done well. It's similar to when performers or speakers on stage bow to thank the audience for their appreciation. Full definition
The actors, writers, director, cinematographer, composer and the entire team should take a bow for giving the audience such a worthwhile experience. (filmsfamily.com)
High labor costs and the falling price of crude oil have contributed to the industry's dark days, but environmental activists can also take a bow. (resilience.org)